5,647
Views
9
CrossRef citations to date
0
Altmetric
Research Article

Financial intermediation and financial inclusion of poor households: Mediating role of social networks in rural Uganda

, , & | (Reviewing Editor)
Article: 1362184 | Received 26 Apr 2017, Accepted 28 Jul 2017, Published online: 29 Aug 2017

References

  • ACCION. (2011). Center for financial inclusion, financial inclusion: What’s the vision? What would it take for Mexico to achieve full inclusion by the year 2020? Washington, DC: ACCION International.
  • Ahlin, C., & Townsend, R. (2007). Using repayment data to test across models of joint liability lending. The Economic Journal, 117, F11–F51.
  • Akerlof, G. (1970). The market for “lemons”: Quality uncertainty and the market mechanism. The Quarterly Journal of Economics, 84, 488–500.
  • Allen, F., Arletti, E., Cull, R., Qian, J., Senbet, L., & Valenzuela, P. (2011). Improving Access to Banking: Evidence from Kenya. [ This Version: July 22, 2011].
  • Ardic, O. P., Heimann, M., & Mylenko, N. (2011). Access to financial services and the financial inclusion Agenda around the world. A Cross-Country Analysis with a New Data Set. The World Bank Financial and Private Sector Development Consultative Group to Assist the Poor January 2011, WPS5537.
  • Aryeetey, E. (1996). Rural finance in Africa: Institutional development and access for the poor. Paper presented to the Annual Bank Conference on Development Economics, April 25–26. Washington, DC: World Bank.
  • Aryeetey, E. (2005). Informal finance for private sector development in Sub Africa. Journal of Microfinance, 7, 13–38.
  • Banerjee, A., Besley, T., & Guinnane, T. (1994). The neighbor’s keeper: The design of a credit cooperative with theory and a test. The Quarterly Journal of Economics, 109, 491–515.
  • Baron, R. M., & Kenny, D. A. (1986). The moderator-mediator variable distinction in social psychological research: Conceptual, strategic and statistical considerations. Journal of Personality and Social Psychology, 51, 1173–1182.
  • Beck, T., Demirguc-Kunt, A. & Honahan, P. (2009, February). Access to financial services: Measurement, impact, and policies (p. 2009). Oxford: The World Bank Research Observer Advance Access, Oxford University Press.
  • Beck, T., Demirgüç-Kunt, A., & Martinez Peria, M. S. (2008). Banking services for everyone? Barriers to bank access and use around the world. The World Bank Economic Review, 22, 397–430.
  • Besley, T., & Coate, S. (1995). Group lending, repayment incentives and social collateral. Journal of Development Economics, 46(1), 1–18.
  • Biggs, T., Raturi, M., & Srivastava, P. (2002). Ethnic networks and access to credit: Evidence from the manufacturing sector in Kenya. Journal of Economic Behavior and Organization, 49, 473–486.
  • Bourdieu, P., & Wacquant, L. J. D. (1992). An invitation to reflexive sociology. Chicago, IL: Polity Press.
  • Boyd, J., & Prescott, E. (1986). Financial intermediary–coalitions. Journal of Economic Theory, 38, 211–232.
  • Burt, R. S. (2001). Structural holes versus network closure as social capital. Cambridge: Harvard University Press.
  • Chandan, K., & Mishra, S. (2010). Banking outreach and household level access: Analyzing financial inclusion in India.
  • CGAP. (2013). In Annual report: Advancing financial inclusion to improve the lives of the poor, Washington, DC.
  • Creswell, J. W. (2009). Research design: Qualitative and quantitative approaches. London: Sage.
  • de Aghion, B., & Gollier, C. (2000). Peer group formation in an adverse selection model. The Economic Journal, 110, 632–643.
  • DeGennaro, R. P. (2005, August). Market imperfections. Journal of Financial Transformation, 14, 107–117.
  • Demirguc-Kunt, A., & Klapper, L. (2012). Measuring financial inclusion: The global findex database. ( The World Bank Development Research Group Policy Research Working Paper 6025).
  • Dutta, S., & Dutta, P. (2011). The effect of literacy and bank penetration on financial inclusion in India: A statistical analysis. Napaam: Tezpur University.
  • Ergungor, O. E. (2010). Bank branch presence and access to credit in low to moderate income neighbourhoo. Journal of Money, Credit and Banking, 42, 1321–1349.
  • Fafchamps, M., & Minten, B. (2002). Returns to social network capital among traders. Oxford Economic Papers, 54, 173–206.
  • Field, A. (2005). Discovering statistics using SPSS. London: Sage.
  • Floro, S. L., & Yotopolous, P. A. (1991). Informal credit markets and the new institutional economics: The case of Philippine agriculture (p. 1991). Boulder: Westview Press.
  • Ghatak, M. (1999). Group lending, local information and peer selection. Journal of Development Economics, 60, 27–50.
  • Ghatak, M. (2000). Screening by the company you keep: Joint liability lending and the peer selection effect. The Economic Journal, 110, 601–631.
  • Ghatak, M., & Guinnane, T. (2001). The economics of lending with joint liability: Theory and practice. Readings in the theory of economic development, 411, 195–228.
  • Gomez, R., & Santor, E. (2001). Membership has its privileges: The effect of social capital and neighbourhood characteristics on the earnings of microfinance borrowers. Canadian Journal of Economics/Revue Canadienne d`Economique, 34, 943–966.
  • Granovetter, M. S. (1973). The strength of weak ties. American Journal of Sociology, 78, 1360–1380.
  • Granovetter, M. S. (2004). The impact of social structure on economic outcomes. Journal of Economic Perspectives, 19, 33–50.
  • Gretzel, U. (2001). Social Network Analysis. Introduction and Resources.
  • Grootaert, C. (2001). Does social capital help the poor? A synthesis of findings from the local level institutions studies in Bolivia, Burkina Faso and Indonesia ( World Bank Local Level Institutions Working Paper No. 10). Washington, DC: World Bank.
  • Grootaert, C., & Bastelaer, V. T. (2001). Understanding and measuring social capital: A synthesis of findings and recommendation from the social capital initiative. Washington, DC: World Bank Publications.
  • Grootaert, C., & Bastelaer, V. T. (2002). Understanding and measuring social capital: A multidisciplinary tool for practitioners. Washington, DC: World Bank Publications.
  • Guiso, L., Sapienza, P., Zingales, L., & Macelli, V. (2004). Cultural biases in economic exchange ( NBER working paper).
  • Hair, J. F., Anderson, R. E., Tatham, R. L., & Black, W. C. (2010). Multivariate data analysis (7th ed.). Englewood Cliffs, NJ: Prentice Hall.
  • Heikkilä, A., Kalmi, P., & Ruuskanen, O. P. (2009). Social capital and access to credit: Evidence from Uganda. Helsinki: Department of Economics, Helsinki School of Economics and HECER.
  • Homans, G. C. (1974). Social behavior: It’s Elementary Forms (2nd ed.). New York, NY: Harcourt, Brace, and World.
  • Jose, E. P. (2008). Welcome to the moderation/mediation help centre: Version 2.0. Wellington: School of Psychology, Victoria University of Wellington.
  • Karlan, D. S. (2007). Social connections and group banking. The Economic Journal, 117, F52–F84.
  • Katz, N., Lazer, D., Arrow, H., & Contractor, N. S. (2005). Applying a network perspective to small groups: Theory and research. In M. S. Poole & A. B. Hollingshead (Eds.), Theories of small groups: An interdisciplinary perspective. Newbury Park, CA: Sage.
  • Kempson, E., Atkinson, A., & Pilley, O. (2004). Policy level response to financial exclusion in developed economies: Lessons for developing economies, the personal finance research centre prepared for the department of international development. Bristol: University of Bristol.
  • Kendall, J., Mylenko, N., & Ponce, A. (2010). Measuring Financial Access around the World. ( Policy Research Working Paper 5253: The World Bank Financial and Private Sector Development Financial Access Team March 2010).
  • Mafabi, S. (2012). Knowledge management and organization resilience ( Unpublished PhD thesis). Makerere University, Uganda.
  • Mathews, K., & Thompson, J. (2008). The economics of banking. Chichester: Wiley.
  • Menkhoff, L. (2000). Bad banking in Thailand? An empirical analysis of macro indicators. Journal of Development Studies, 36, 135–168.
  • Mishkin, F. (2007). Housing and monetary transmission mechanism ( Federal Reserve Board Finance and Economics Discussion Series, No. 40). Jackson: Federal Reserve Bank of Kansas City.
  • Narayan, D., & Pritchett, L. (1997) Cents and sociability: Household income and social capital in Rural Tanzania ( World Bank Policy Research Working Paper No. 1796).
  • Nissanke, M., & Stein, H. (2003). Financial globalization and economic development: Toward an institutional foundation. Eastern Economic Review, 29, 287–308.
  • Okten, C., & Osili, U. (2004). Social networks and credit access in Indonesia. World Development, 32, 1225–1246.
  • Pallant, J. (2005). SPSS survival manual: A step by step guide to data analysis using SPSS for windows (Version 12) (2nd ed.). Crows Nest, NSW: Allen & Unwin.
  • Podsakoff, P. M., MacKenzie, S. B., Lee, J. Y., & Podsakoff, N. P. (2003). Common method biases in behavioural research: A critical review of the literature and recommended remedies. Journal of Applied Psychology, 88, 879–903.
  • Ramakrishnan, R. T. S., & Thakor, A. (1984). Information reliability and a theory of financial intermediation. The Review of Economic Studies, 51, 415–432.
  • Rau, N. (2004). Financial intermediation and access to finance in African Countries South of the Sahara. Forum Paper, 2004. African Development and Poverty Reduction: The Macro-Micro Linkages, 13–15 October. Paper Presented at Lord Charles Hotel, Somerset West, SA.
  • Sadoulet, L. (1998). Non-Monotonic Matching in Group Lending: A Missing Insurance Market Story. mimeo., ECARE.
  • Sarantakos, S. (2005). Social Research (3rd ed.). Basingstoke: Palgrave Macmillan. ISBN 13: 978-1-4039-4320-0.
  • Sarma, M. (2010). Index of financial inclusion ( Discussion Papers in Economics 10–05, November 2010). Munirka: Centre for International Trade and Development, School of International Studies, Jawaharlal Nehru University.
  • Spector, P. E. (2006). Method variance in organizational research: Truth or urban legend? Organizational Research Methods, 9, 221–232.
  • Stiglitz, J. E. (1990). Peer monitoring and credit markets. The World Bank Economic Review, 4, 351–366.
  • Stiglitz, J. E., & Greenwald, B. (2003). Towards a new paradigm in monetary economics. Cambridge: Cambridge University Press.
  • Stiglitz, J. E., & Weiss, A. (1981). Credit rationing in markets with imperfect information. American Economic Review, 71, 393–410.
  • Thorat, U. (2007, June). Taking banking services to the common man—Financial inclusion, deputy governor, Reserve Bank of India at the HMT-DFID financial inclusion Conference 2007 (p. 19). London: Whitehall Place.
  • Tourangeau, R., Rips, L. J., & Rasinski, K. (2000). The psychology of survey response. Cambridge: Cambridge University Press.
  • UBOS. (2012). Poverty projections statistical abstract 2012. Kampala: Uganda Bureau of Statistics.
  • United Nations. (2006). Building inclusive financial sectors for development, department of economic and social affairs, (also known as Blue Book).
  • van Bastelaer, T. (2000). Imperfect information, social capital and the poor’s. Access to credit. ( World Bank Working Paper No. 234).
  • Van Tassel, E. (1999). Group lending under asymmetric information. Journal of Development Economics, 60, 3–25.
  • Wasserman, S., & Faust, K. (1994). Social network analysis. Cambridge, MA: Cambridge University Press.
  • World Bank Global Financial Development Report on Financial Inclusion. (2014). A survey on access to and use of financial services in 152 countries around the world.. The 2014 global financial (global findex) database. Washington, DC: The World Bank.
  • Wydick, B. (2001). Group lending under dynamic incentives as a borrower discipline device. Review of Development Economics, 5, 406–420.
  • Yamane, T. (1973). Statistics: an introductory analysis (3rd ed.). New York, NY: Harper & Row.
  • Yaron, J., Benjamin, M. P., & Piprek, G. L. (1997). Rural finance: Issue, design, and best practices. In Environmentally and socially sustainable development studies and monograph series 14. Washington, DC: The World Bank.
  • Yokoyama, S., & Ali, A. K. (2006). Social capital and farmer welfare in Malaysia. In International Association of Agricultural Economists Conference.