Moderating role of social capital on the effect of financial behavior on financial inclusion
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Received February 28, 2021;Accepted June 14, 2021;Published September 28, 2021
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Author(s)Chike Onodugo ,Link to ORCID Index: https://orcid.org/0000-0002-4462-1293Link to ORCID Index: https://orcid.org/0000-0002-4994-8199
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DOIhttp://dx.doi.org/10.21511/ppm.19(3).2021.41
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Article InfoVolume 19 2021, Issue #3, pp. 502-512
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Cited by8 articlesJournal title:Article title:DOI:Volume: / Issue: / First page: / Year:Contributors:Journal title:Article title:DOI:Volume: / Issue: / First page: / Year:Contributors:Journal title: Investment Management and Financial InnovationsArticle title: Financial and investment indicators for accelerating innovation development: Comparison of GII leaders and UkraineDOI: 10.21511/imfi.20(4).2023.35Volume: 20 / Issue: 4 / First page: 452 / Year: 2023Contributors: Olena Dobrovolska, Ralph Sonntag, Svitlana Kachula, Olha Hubaryk, Tetіana SavanchukJournal title:Article title:DOI:Volume: / Issue: / First page: / Year:Contributors:Journal title: Planning and BudgetingArticle title: Behavioural Bias of Legal Clients of Stock Exchange Investors in the Banking IndustryDOI: 10.61186/jpbud.28.2.189Volume: 28 / Issue: 2 / First page: 189 / Year: 2023Contributors: Hamid Reza Rohi Moghadam, Ebrahim Abbasi, Mohammad Kashanipour, Mohammad Reza PourfakharanJournal title:Article title:DOI:Volume: / Issue: / First page: / Year:Contributors:Journal title: Investment Management and Financial InnovationsArticle title: Factors affecting financial well-being: the mediating role of financial behavior towards religiosity and anti-consumption lifestyle – evidence from IndonesiaDOI: 10.21511/imfi.21(3).2024.16Volume: 21 / Issue: 3 / First page: 187 / Year: 2024Contributors: Arief Budiyanto, Abdul Mujib, Mohammad Nur Rianto Al Arif, Riris Aishah PrasetyowatiJournal title: Borsa Istanbul ReviewArticle title: “Trust but verify” financial inclusion in the MENA regionDOI: 10.1016/j.bir.2023.09.008Volume: 23 / Issue: 6 / First page: 1430 / Year: 2023Contributors: Yousef Damra, Sara Yasin, Mohamed Albaity
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The need for improved institutional interventions aimed at increasing access to financial services by small and medium enterprises (SMEs) has been emphasized. Complimenting these efforts, this study proposes that building social networks capable of informing requisite financial behaviors would facilitate the financial inclusion of SMEs co-existing in business clusters. This study aimed to empirically test the moderating influence of collective action, bonding, trust, and bridging on the effect of financial behavior on financial inclusion. Using a sample of 311 owners/managers of small and medium scale businesses in sub-urban clusters in South-Eastern Nigeria, the hierarchical moderated regression analysis was used to test the hypotheses of the study. Results show a positive main effect of financial behavior on financial inclusion
(βf = 0.162; t (304) = 1.503; p < 0.05). Also, collective action (βfca = 0.201; t (304) = 6.906; p < 0.05) and bridging (βfbr = 0.201; t (304) = 6.906; p < 0.05) had positive moderating effects, bonding (βfb = 0.032; t (304) = 1.423; p > 0.05) and trust (βft = 0.014; t (304) = 0.9609; p > 0.05) were statistically insignificant. For policy implications, social virtues such as bridging and collective action are more veritable tools for financial inclusion than the personal virtues of trust and bonding and should be factored into economic and social intervention being deployed by institutions interested in meeting the banking/financial needs of businesses.
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JEL Classification (Paper profile tab)M10, G53, M14
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References50
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Tables2
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Figures2
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- Figures 1. Simple slope for the statistically significant moderating role of collective action
- Figures 2. Simple slope for the statistically significant moderating role of bridging
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- Table 1. Means, Cronbach’s alpha, and zero-order correlations
- Table 2. Results on the main and moderating effects
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Conceptualization
Chike Onodugo, Ifeoma Onodugo, Anastasia Ogbo, Henry Okwo
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Data curation
Chike Onodugo, Ifeoma Onodugo, Anastasia Ogbo, Henry Okwo, Charles Ogbaekirigwe
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Formal Analysis
Chike Onodugo, Ifeoma Onodugo, Anastasia Ogbo, Henry Okwo, Charles Ogbaekirigwe
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Investigation
Chike Onodugo, Ifeoma Onodugo, Henry Okwo
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Project administration
Chike Onodugo, Ifeoma Onodugo, Anastasia Ogbo, Henry Okwo, Charles Ogbaekirigwe
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Methodology
Chike Onodugo, Ifeoma Onodugo, Anastasia Ogbo, Henry Okwo, Charles Ogbaekirigwe
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Software
Chike Onodugo, Anastasia Ogbo, Henry Okwo, Charles Ogbaekirigwe
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Supervision
Chike Onodugo, Ifeoma Onodugo, Anastasia Ogbo
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Writing – original draft
Chike Onodugo, Ifeoma Onodugo, Henry Okwo
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Writing – review & editing
Chike Onodugo, Ifeoma Onodugo, Anastasia Ogbo, Charles Ogbaekirigwe
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Validation
Ifeoma Onodugo, Anastasia Ogbo
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Funding acquisition
Anastasia Ogbo, Charles Ogbaekirigwe
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Conceptualization
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Corporate governance and financial performance: an empirical analysis of selected multinational firms in Nigeria
Gideon Tayo Akinleye , Odunayo Olarewaju , Bamikole Samson Fajuyagbe doi: http://dx.doi.org/10.21511/ppm.17(1).2019.02Problems and Perspectives in Management Volume 17, 2019 Issue #1 pp. 11-18 Views: 3386 Downloads: 568 TO CITE АНОТАЦІЯThis study focused on corporate governance and performance of selected Nigerian multinational firms from 2012 to 2016. Specifically, the study focused on the effect of board size, activism and committee activism on return on asset and firm growth rate. Secondary data collected from four multinational firms were analyzed via static panel estimation techniques. While board size and board activism exerted significant negative impact on return on asset, committee activism exerted insignificant impact. The results of the study further showed that board size and board activism exert insignificant negative impact on firm’s growth rate, while committee activism insignificantly spurs firm’s growth rate. Decisively, discoveries from this study reflect that corporate governance has significant negative impact on return on asset, but has insignificant influence on the growth rate of Nigerian multinational firms. Based on these findings, the authors recommended that corporate governance dynamics in firms world over should be reconsidered, such that it gives credence to more than just numbers of persons or meetings held, but the main reasons and deliberations in such meetings. It was also recommended that excessive increase in magnitude or frequency of meetings held by board of directors cum committee should be avoided.
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Academic resilience, emotional intelligence, and academic performance among undergraduate students
Uzoma Ononye , Mercy Ogbeta , Francis Ndudi , Dudutari Bereprebofa , Ikechuckwu Maduemezia doi: http://dx.doi.org/10.21511/kpm.06(1).2022.01Knowledge and Performance Management Volume 6, 2022 Issue #1 pp. 1-10 Views: 2801 Downloads: 858 TO CITE АНОТАЦІЯAcademic resilience and emotional intelligence are considered important personal resources for furthering students’ academic performance. However, many educational organizations seem to trivialize the performance implications of these constructs in teachings and curriculum. Consequently, it can decrease not just their academic performance but also their employability, as they lack the generic competencies to adapt and survive in a stressful context. Even so, empirical evidence on integrating academic resilience, emotional intelligence, and academic performance remains unexplored in the Nigerian university context. Therefore, the study aimed to investigate the linkages between academic resilience, emotional intelligence, and academic performance in Nigeria. The partial least square (PLS) modeling method was utilized for testing the stated hypotheses with data collected from 179 final year undergraduate students in the regular B.Sc. Business Administration and B.Sc. Marketing program at Delta State University, Nigeria. From the PLS results, the study reported that academic resilience was positively related to emotional intelligence (β = 0.125, p = 0.007), academic resilience (β = 0.231, p = 0.000) and emotional intelligence (β = 0.260, p = 0.000) were positively related to academic performance, and emotional resilience mediated the positive relationship between academic resilience and academic performance (β = 0.057, p = 0.005). While academic resilience predicted academic performance, it also predicted emotional intelligence, which affected academic performance significantly and positively.
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Measuring the inclusiveness of international financing to tourism in Latin America and the Caribbean
Isabel Carrillo-Hidalgo , Juan Ignacio Pulido-Fernández doi: http://dx.doi.org/10.21511/imfi.15(3).2018.02Investment Management and Financial Innovations Volume 15, 2018 Issue #3 pp. 15-34 Views: 2183 Downloads: 207 TO CITE АНОТАЦІЯGlobally, tourism has been identified as a means of poverty reduction and development, and as a means of encouragement of females, minorities and small businesses to better engage in the mainstream of economic life. This paper examines whether the international and governmental financial support, grated by international financial institutions, is effectively achieving these aims in Latin America and the Caribbean. A series of indices are established in the paper that assess the extent to which such funding includes non-corporate enterprise while also considering the volume and nature of such funding. It is concluded that the goals of inclusiveness are not being met.