Microfinancial inclusion nexus poverty alleviation: the case of Nigeria

Ngong, Chi Aloysius; Thaddeus, Kesuh Jude; Onwumere, Josaphat Uchechukwu Joe

doi:10.1108/jeas-08-2020-0147

Cited by 11 publications

(14 citation statements)

References 55 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Table 4 informs the LM test result. This study conducted the LM test to verify the hypothesis of no residual series correlation against the variables (Ngong et al, 2021). Based on table 4, the chi-square probability is higher than α 1% (0.2082 > 0.01), which shows that it fails to reject the null hypothesis.…”

Section: Lm Testmentioning

confidence: 97%

Islamic Stock Market Performance Pre-COVID-19: Empirical Evidence from Jakarta Islamic Index

Supriani

Herianingrum

Ninglasari

et al. 2022

JEBIS

View full text Add to dashboard Cite

Islamic stock market has experienced massive growth globally, including in Indonesia. This study aims to investigate the predicting factors of the Indonesian Islamic stock market that presents by the stock price of the Jakarta Islamic Index (JII). Adopted the Augmented Distributed Lag (ARDL) approach, this study uses monthly data from January 2007 to February 2020. This study uses five macroeconomic variables, namely consumer price index, exchange rate, crude oil price, world gold price, and Dow Jones Islamic Index (DJIM), to determine the JII's stock price. As a result, the JII's price volatility is significantly driven by the macroeconomic variables simultaneously. Importantly, this study reports that world gold price and DJIM return to become the most crucial factors influencing the ' 'JII's stock price volatility in short and long-run investment periods. This study has passed robustness checks by conducting three out of sample periods, namely 25%, 50%, and 75% out of sample. The 75% and 50% out of sample data revealed an identical result. Thus, this study suggests that the investor evaluates the crude oil price and world gold price fluctuation to predict the price of JII. This study offers practical implications for policymakers and practitioners and recommendations for future research.

show abstract

Section: Lm Testmentioning

confidence: 97%

Islamic Stock Market Performance Pre-COVID-19: Empirical Evidence from Jakarta Islamic Index

Supriani

Herianingrum

Ninglasari

et al. 2022

JEBIS

View full text Add to dashboard Cite

show abstract

“…This is instrumental in poverty reduction and enhancing economic strength of a nation. A recent study by Ngong et al (2021) validates long term negative relationship between micro-financial inclusion and poverty alleviation. The importance of microfinance in poverty reduction and economic growth has been highlighted in various other studies.…”

Section: Literature Reviewmentioning

confidence: 70%

Financial Performance Analysis of NBFC-MFIs in India using TOPSIS and IV-TOPSIS

Roy

Patro

2021

Int J Math, Eng, Manag Sci

View full text Add to dashboard Cite

The policymakers around the globe have been emphasizing on financial inclusion in line with sustainable development goals 2030 of the United Nations. Developing countries are still behind in ensuring greater financial inclusion especially for women. While banks are the apex financial institutions in any country, microfinance institutions proved to be promising in advancing financial inclusion because of its better reach to women in remote areas. Thus in a country like India, the outreach and sustainability of microfinance institutions is of utmost importance. This paper aims to rank the performance of microfinance institutions listed by Reserve Bank of India on the basis of their outreach, sustainability, quality and efficiency. The ranking is done separately for five years (2014-15 to 2018-19) using Technique for Order of Preference (TOPSIS) method while overall ranking and benchmarking for five years has been done using interval valued TOPSIS (IV-TOPSIS) method. The robustness of the study has been checked through sensitivity analysis. The overall results portray Satin Creditcare Network Limited as the best performing NBFC-MFI while BWDA Finance Limited as the worst performer for the combined period of 5 years

show abstract

“…These are physically disconnected from the head office but are not discrete legal subsidiaries (Ogbeide and Igbinigie 2019). Domestic credit to the private sector by banks is defined as financial resources provided to the private sector by deposit-taking corporations other than central banks in the form of loans, purchases of nonequity securities, trade credits, and accounts receivable that are repayable (Ngong, Kesuh, and Onwumere 2021). Inflation is a continuous increase in the growth rate of the deflator, which indicates the price variation rate in the economy.…”

Section: Methodsmentioning

confidence: 99%

Do Cooperative credit unions reduce or increase poverty in Cameroon?

Ngong,

Abner,

Ugbam

et al. 2023

Social Science Quarterly

View full text Add to dashboard Cite

PurposeThis study looks at whether credit unions, a type of microfinance, increase or decrease poverty in Cameroon from 2004 Q1 to 2021 Q4.Method/designThe fully modified ordinary least square, dynamic ordinary least square, and conical co‐integration is applied.FindingsThe findings reveal a long‐term association between credit union measures and poverty levels. The results indicate that the number of credit unions, the number of commercial bank branches, and credit to the private sector negatively relate to poverty levels. This implies that as the number of credit unions increases, the poverty level increases as the credit unions tend to exploit the poor population. Outstanding deposits positively impact poverty levels, which imply that members’ deposits alleviate poverty.Research implicationsThe government should refurbish the existing programs to enhance credit unions' activities to focus more on banking the poor population especially in remote areas. The credit unions should increase deposit mobilization from the public to empower individuals and businesses. The government should regulate the number of credit unions being created to limit exploitation. The government should intervene to ensure that credit unions’ policy regarding lending, interest rates, and loan recovery procedures are mutually agreed upon by the parties.Originality/noveltyLimited studies used secondary data focusing on credit unions. The studies give conflicting results: Some studies reveal that microfinance banks positively affect poverty reduction. Some indicate negative effects of microfinance on poverty reduction. Others show that microfinance institutions do not significantly influence poverty reduction. Different opinions exist among depositors and borrowers of credit unions concerning poverty alleviation. Some credit union members hold that credit unions increase poverty, while others argue that credit unions alleviate poverty.

show abstract

Microfinancial inclusion nexus poverty alleviation: the case of Nigeria

Cited by 11 publications

References 55 publications

Islamic Stock Market Performance Pre-COVID-19: Empirical Evidence from Jakarta Islamic Index

Islamic Stock Market Performance Pre-COVID-19: Empirical Evidence from Jakarta Islamic Index

Financial Performance Analysis of NBFC-MFIs in India using TOPSIS and IV-TOPSIS

Do Cooperative credit unions reduce or increase poverty in Cameroon?

Contact Info

Product

Resources

About