Informality and access to finance during socialism and transition – the case of the rotating savings and credit schemes

Imami, Drini; Rama, Klodjan; Polese, Abel

doi:10.1007/s00191-020-00679-3

Cited by 10 publications

(10 citation statements)

References 33 publications

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“…Studies related to characteristics of ROSCA are comprised of trust and reputation (Ntamazeze, 2014;Imami et al, 2020), sustainability of ROSCA (Guha and Gupta, 2005;Basu, 2011;Azman and Kassim, 2019), time preferences and commitment devices, success factors of stokvels or ROSCA (Bonan et al, 2019), characteristics of formal and informal ROSCA (Callier, 1990;Besley and Levenson, 1996;Schreiner and Nagarajan, 1997;Reito and Spagano, 2014), characteristics and role of ROSCA (Cope and Kurtz, 1980;Fernando, 1986;Jerome, 1991;Aredo, 2004;Kedir et al, 2011;Ngcobo and Chisasa, 2018;Amankwah et al, 2019), reasons of joining ROSCAs (Peterlechner, 2009;Kahyaoglu et al, 2016), individual self-commitment (Gugerty, 2007), and preference between ROSCAs and ASCRAs (Buijs, 1998;Hoque and Khalily, 2002).…”

Section: Literature Reviewmentioning

confidence: 99%

Evolvement of ROSCA to real property acquisition as a form of interest-free SBF model: a PRISMA-compliant systematic review

Jahangir

Bulut

Dinç

2022

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PurposeThis study aims to investigate the evolvement of the concept and practice of the Rotating Savings and Credit Association (ROSCA) from informal fund collection for indivisible durables to real property acquisition under the interest-free SBF model by analyzing the previously conducted research that focused on the concept in terms of names, forms, and natures.Design/methodology/approachA PRISMA-compliant systematic literature review is adopted to ascertain the most relevant studies from various sources and analyze the extracted data or items to accomplish the research objective. Besides, bibliometric network, thematic, and statistical analysis are also applied to bolster the findings acquired from the systematic review. Furthermore, this study mathematically formulates and introduces the customized PRISMA systematic flowchart.FindingsThe results reveal that the concept of ROSCA has evolved over the years from informal to formal, micro to macro, individual to institutional, social to business, and fund collection for purchasing household items to real property acquisition since 1962. In this process, the focus area of the research has been shifted from characteristics, operation, and economics to law; source of funds, and history to social; benefits and contribution to digital, risk, and savings behaviour. It is noticed that the majority of the study are Africa-centric, followed by Asia; academic discussion on the ROSCA covers most of the social and economic arena, except the real property acquisition aspect. However, the SBF concept fills up this gap by introducing a real-property-acquisition-centric ROSCA model. The authors provide future agendas regarding focus areas that researchers may consider to develop the SBF concept.Originality/valueThe study focuses on the evolvement of a savings-based model. No study concentrates on the evolution process of the model from ROSCA to SBF; in fact, no conspicuous academic study is found regarding the systematic review of ROSCA in the literature archive.

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Section: Literature Reviewmentioning

confidence: 99%

Evolvement of ROSCA to real property acquisition as a form of interest-free SBF model: a PRISMA-compliant systematic review

Jahangir

Bulut

Dinç

2022

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“…A notable example is the rotating savings and credit schemes which persisted after the decline of socialism. These schemes involved no formal or written binding agreements and were strictly voluntary while being enforced primarily by reputation mechanisms (Imami et al, 2020). Thus it is unsurprising that a number of empirical studies show that the willingness of Albanian farmers to cooperate positively responds to the availability of social capital, operationalized as a composite indicator taking into account the history of farmers' participation in formal and informal collective action (Skreli et al, 2011;Kola et al, 2014;ISETNJ, 2017).…”

Section: Cooperatives and The Coordination Of Value Chainsmentioning

confidence: 99%

Food Safety and Value Chain Coordination in the Context of a Transition Economy: The Role of Agricultural Cooperatives

Imami

Valentinov

Skreli

2021

International Journal of the Commons

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In Albania development gaps in the area of food safety are calling for stronger vertical coordination within the agrifood value chains. The paper explores the possibility of vertical coordination being strengthened through the development of agricultural cooperatives and informal farmer groups. In two reported case studies, these organizations have been shown to be called into life by the need to advance vertical coordination. Moreover, the case studies reveal that downstream agribusiness agents, who normally oppose farmers' countervailing power, promote, support, and even initiate cooperatives and farmer groups, in order to implement food safety standards. The emerging cooperation among farmers not only enhances their participation in the value chain but also generates mutual trust.

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Section: Introductionmentioning

confidence: 99%

“…In recent years, getting access to finance has become a significant challenge for non-listed firms in several developing countries, giving rise to borrowing from banks and nonbanking financial institutions (Birkenmaier and Fu, 2019;Imami et al, 2020). Firms' access to finance is referred to as the capability to continuously acquire and utilize financial products and services offered by credit institutions and banks (Birkenmaier and Fu, 2019).…”

Section: Introductionmentioning

confidence: 99%

Access to finance, social capital and the improvement of corporate performance: evidence from Southeast Asia

Kijkasiwat

Shahid

Hassan

et al. 2022

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PurposeThis study examines the influence of access to finance and social capital on the improvement of the corporate performance of non-listed firms of Southeast Asian countries. Furthermore, this paper also explores the mediating role of firms' access to finance between the association of social capital and the improvement of corporate performance.Design/methodology/approachThis study utilizes the Bank Business Environment and Enterprise Performance Survey from 2015 to 2017. Specifically, the survey was administered by the World Bank. Data were analyzed using structural modeling in Smart-PLS.FindingsThe findings show that firms' access to finance and social capital significantly influences the improvement of corporate performance. Additionally, the study’s analysis further reports the mediating role of firms' access to finance between the association of social capital and the improvement of corporate performance.Practical implicationsThis study has implications for governments, regulators and policymakers for enhancing access to finance and social capital, and improving corporate performance.Originality/valueThis paper establishes the importance of firms' access to finance and social capital for improving firms' overall performance in the broader context of Southeast Asia.

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Informality and access to finance during socialism and transition – the case of the rotating savings and credit schemes

Cited by 10 publications

References 33 publications

Evolvement of ROSCA to real property acquisition as a form of interest-free SBF model: a PRISMA-compliant systematic review

Evolvement of ROSCA to real property acquisition as a form of interest-free SBF model: a PRISMA-compliant systematic review

Food Safety and Value Chain Coordination in the Context of a Transition Economy: The Role of Agricultural Cooperatives

Access to finance, social capital and the improvement of corporate performance: evidence from Southeast Asia

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