Pub Date : 2024-04-09DOI: 10.46610/jesfr.2024.v05i01.002
Ahmad Hasan, Mohammad Ammar Ahsan, Aamir Aslam
This study conducts a bibliometric investigation into the access of small and medium enterprises (SMEs) to finance. Access to finance significantly impacts SME success and growth, yet understanding this intricate matter still needs to be completed. Bibliometric analysis aims to uncover significant trends, research gaps, and influential contributors. The methodology involves extensively searching and assessing scholarly articles, journals, and publications related to SMEs' finance access. A systematic approach identifies relevant studies, extracts bibliographic data, and analyzes citation patterns, co-authorship networks, and thematic clusters. This detailed process maps the research landscape's structure, showcasing trends and new research areas. Results of the bibliometric analysis provide vital insights dominant themes like alternative financing methods, government policies, financial inclusion initiatives, and entrepreneurial finance. Influential authors, institutions, and journals contributing to SMEs' finance access knowledge are also identified. This research offers a comprehensive understanding of existing knowledge and addresses critical research gaps. Analyzing scholarly literature provides valuable insights for researchers, policymakers, and practitioners. Identified gaps and emerging areas guide future research, shaping agendas and prompting further investigations. Furthermore, the bibliometric analysis encourages interdisciplinary collaboration and knowledge exchange among scholars and practitioners. Identifying key authors and institutions supports collaborations and knowledge sharing. Ultimately, this research aims to aid evidence-based decision-making and policy formulation for improved SME finance access. By understanding the research's current state, identifying gaps, and noting emerging trends, this study strives to enhance SME growth and development by fostering a better understanding of finance access challenges and possibilities.
{"title":"Exploring Small and Medium Enterprises Access to Finance: A Bibliometric Analysis","authors":"Ahmad Hasan, Mohammad Ammar Ahsan, Aamir Aslam","doi":"10.46610/jesfr.2024.v05i01.002","DOIUrl":"https://doi.org/10.46610/jesfr.2024.v05i01.002","url":null,"abstract":"This study conducts a bibliometric investigation into the access of small and medium enterprises (SMEs) to finance. Access to finance significantly impacts SME success and growth, yet understanding this intricate matter still needs to be completed. Bibliometric analysis aims to uncover significant trends, research gaps, and influential contributors. The methodology involves extensively searching and assessing scholarly articles, journals, and publications related to SMEs' finance access. A systematic approach identifies relevant studies, extracts bibliographic data, and analyzes citation patterns, co-authorship networks, and thematic clusters. This detailed process maps the research landscape's structure, showcasing trends and new research areas. Results of the bibliometric analysis provide vital insights dominant themes like alternative financing methods, government policies, financial inclusion initiatives, and entrepreneurial finance. Influential authors, institutions, and journals contributing to SMEs' finance access knowledge are also identified. This research offers a comprehensive understanding of existing knowledge and addresses critical research gaps. Analyzing scholarly literature provides valuable insights for researchers, policymakers, and practitioners. Identified gaps and emerging areas guide future research, shaping agendas and prompting further investigations. Furthermore, the bibliometric analysis encourages interdisciplinary collaboration and knowledge exchange among scholars and practitioners. Identifying key authors and institutions supports collaborations and knowledge sharing. Ultimately, this research aims to aid evidence-based decision-making and policy formulation for improved SME finance access. By understanding the research's current state, identifying gaps, and noting emerging trends, this study strives to enhance SME growth and development by fostering a better understanding of finance access challenges and possibilities.","PeriodicalId":364228,"journal":{"name":"Journal of Economic Studies and Financial Research","volume":"33 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140722511","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-14DOI: 10.46610/jesfr.2023.v04i02.002
Nurun Nahar Sultana, MD. Nabir Hossain
Empirical studies provide evidence that agricultural finance is crucial for agriculture structural development of an economy. Ensuring the productivity of the agricultural sector is crucially important for the timely availability of agricultural credit. The purpose of this study is to look at what is going on with agricultural credit, especially in the formal sector of banking. Throughout the years, there has been a significant increase in credit disbursed through the official sector, which includes commercial banks and other financial institutions. This is a significant development, as in the past the informal sector was dominant. Non-Governmental Organizations (NGOs), private commercial banks in the area, and foreign banks have all played a role in the provision of agricultural credit to farmers throughout the country. However, despite the increasing flow of credit from formal sector institutions, some challenges need to be addressed. Accessibility remains a concern, particularly for small and marginalized farmers who struggle to access formal credit channels. For formal agricultural credit to have a positive impact, it is necessary to ensure its widespread availability, to provide financial products that are tailored to the needs of farmers, and to implement policies that reduce inefficiency and leakages in the distribution of credit. By addressing these challenges, formal agricultural credit can play a pivotal role in enhancing agricultural productivity, empowering farmers, and driving sustainable economic growth in Bangladesh.
{"title":"Trends and Challenges of Formal Agricultural Credit in Bangladesh: Enhancing Productivity and Promoting Inclusive Growth","authors":"Nurun Nahar Sultana, MD. Nabir Hossain","doi":"10.46610/jesfr.2023.v04i02.002","DOIUrl":"https://doi.org/10.46610/jesfr.2023.v04i02.002","url":null,"abstract":"Empirical studies provide evidence that agricultural finance is crucial for agriculture structural development of an economy. Ensuring the productivity of the agricultural sector is crucially important for the timely availability of agricultural credit. The purpose of this study is to look at what is going on with agricultural credit, especially in the formal sector of banking. Throughout the years, there has been a significant increase in credit disbursed through the official sector, which includes commercial banks and other financial institutions. This is a significant development, as in the past the informal sector was dominant. Non-Governmental Organizations (NGOs), private commercial banks in the area, and foreign banks have all played a role in the provision of agricultural credit to farmers throughout the country. However, despite the increasing flow of credit from formal sector institutions, some challenges need to be addressed. Accessibility remains a concern, particularly for small and marginalized farmers who struggle to access formal credit channels. For formal agricultural credit to have a positive impact, it is necessary to ensure its widespread availability, to provide financial products that are tailored to the needs of farmers, and to implement policies that reduce inefficiency and leakages in the distribution of credit. By addressing these challenges, formal agricultural credit can play a pivotal role in enhancing agricultural productivity, empowering farmers, and driving sustainable economic growth in Bangladesh.","PeriodicalId":364228,"journal":{"name":"Journal of Economic Studies and Financial Research","volume":"10 10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133974442","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-31DOI: 10.46610/jesfr.2023.v04i02.001
N. Patel
This study examines the effectiveness of rotating in and out of a sector based on the stage of a business cycle. Here, we assume that business cycles exist, are part of nature, and neither repeat at a regular intervals nor their intensity or duration are constant. However, we assume that with a perfect set of high-frequency indicators, an investor can perfectly time the business cycle phases. This study divides India's real GDP growth into High, Moderate, Low, and Minuscule growth. GDP Growth is used as an indication of a start/end of a business cycle. In an investor were to create four different portfolios, optimized for each of the business cycle phases, will he/she be able to outperform the SENSEX returns of the buy-and-hold strategy? Here, an attempt to create such four models has been done using Python based on Markowitz Efficient Frontier and Modern Portfolio Theory. Once developed using historical data from September 2005 to March 2020, the study tries to estimate its performance in out-of-sample data, i.e., June 2021-April 2023. Can an investor make higher absolute (not alpha) returns with perfect foresight? We try to evaluate such in this study. Some obvious drawbacks of this model are inapplicability for large investors, mutual funds, etc. However, an investor with small capital and access to data can have an accurate foresight, thus, applying the model in practice can earn higher absolute returns. Even with a tax consideration of moving in and out of sectors, an investor can make a higher absolute return compared to a buy-and-hold strategy.
{"title":"Developing and Evaluating Sector Rotation Strategy for Indian Equity Markets","authors":"N. Patel","doi":"10.46610/jesfr.2023.v04i02.001","DOIUrl":"https://doi.org/10.46610/jesfr.2023.v04i02.001","url":null,"abstract":"This study examines the effectiveness of rotating in and out of a sector based on the stage of a business cycle. Here, we assume that business cycles exist, are part of nature, and neither repeat at a regular intervals nor their intensity or duration are constant. However, we assume that with a perfect set of high-frequency indicators, an investor can perfectly time the business cycle phases. This study divides India's real GDP growth into High, Moderate, Low, and Minuscule growth. GDP Growth is used as an indication of a start/end of a business cycle. In an investor were to create four different portfolios, optimized for each of the business cycle phases, will he/she be able to outperform the SENSEX returns of the buy-and-hold strategy? Here, an attempt to create such four models has been done using Python based on Markowitz Efficient Frontier and Modern Portfolio Theory. Once developed using historical data from September 2005 to March 2020, the study tries to estimate its performance in out-of-sample data, i.e., June 2021-April 2023. Can an investor make higher absolute (not alpha) returns with perfect foresight? We try to evaluate such in this study. Some obvious drawbacks of this model are inapplicability for large investors, mutual funds, etc. However, an investor with small capital and access to data can have an accurate foresight, thus, applying the model in practice can earn higher absolute returns. Even with a tax consideration of moving in and out of sectors, an investor can make a higher absolute return compared to a buy-and-hold strategy.","PeriodicalId":364228,"journal":{"name":"Journal of Economic Studies and Financial Research","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129395797","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-09DOI: 10.46610/jesfr.2023.v04i01.005
Adamu Ahmed Wudil, Rislanudeen Muhammad
The purpose of this study is to conduct a bibliometric analysis of research on financialization from 2014 to 2023. A range of articles on financialization was collected using the Scopus database. The articles analyzed cover ten years, spanning from 2014 to 2023. The survey utilized a Scopus analyzer to obtain the analysis results such as the number of documents published by year, source, and country. To analyze the co-authorship, co-occurrences, citation analysis, and bibliographic coupling, VOSviewer Version 1.6.18 was utilized. After applying limits to open access, year, subject area, document type, publication stage, keyword, source type, and language, a database search resulted in 166 articles on financialization published between 2014 and 2023. Statistical and network analyses reveal that most articles were published in 2019 and 2021, with the United Kingdom contributing the highest number of documents. The network analysis of various parameters indicates a decline in research on financialization during the period under study, suggesting the need for further work in this area in the upcoming years. The study also includes statistical analysis of authors, documents, countries, and affiliations.
本研究的目的是对2014 - 2023年金融化研究进行文献计量分析。使用Scopus数据库收集了一系列关于金融化的文章。分析的文章涵盖了从2014年到2023年的十年。该调查使用Scopus分析工具,获得按年份、来源和国家分类的文献发表数量等分析结果。使用VOSviewer Version 1.6.18进行合著性、共现性、引文分析和书目耦合分析。在对开放获取、年份、主题领域、文档类型、出版阶段、关键字、来源类型和语言进行限制后,对数据库进行搜索,结果是2014年至2023年间发表的166篇金融化文章。统计和网络分析显示,大多数文章发表于2019年和2021年,其中英国贡献的文件数量最多。对各种参数的网络分析表明,在研究期间,关于金融化的研究有所减少,这表明今后几年需要在这一领域进一步开展工作。该研究还包括对作者、文献、国家和隶属关系的统计分析。
{"title":"Brief Bibliometric Literature Survey on Financialization","authors":"Adamu Ahmed Wudil, Rislanudeen Muhammad","doi":"10.46610/jesfr.2023.v04i01.005","DOIUrl":"https://doi.org/10.46610/jesfr.2023.v04i01.005","url":null,"abstract":"The purpose of this study is to conduct a bibliometric analysis of research on financialization from 2014 to 2023. A range of articles on financialization was collected using the Scopus database. The articles analyzed cover ten years, spanning from 2014 to 2023. The survey utilized a Scopus analyzer to obtain the analysis results such as the number of documents published by year, source, and country. To analyze the co-authorship, co-occurrences, citation analysis, and bibliographic coupling, VOSviewer Version 1.6.18 was utilized. After applying limits to open access, year, subject area, document type, publication stage, keyword, source type, and language, a database search resulted in 166 articles on financialization published between 2014 and 2023. Statistical and network analyses reveal that most articles were published in 2019 and 2021, with the United Kingdom contributing the highest number of documents. The network analysis of various parameters indicates a decline in research on financialization during the period under study, suggesting the need for further work in this area in the upcoming years. The study also includes statistical analysis of authors, documents, countries, and affiliations.","PeriodicalId":364228,"journal":{"name":"Journal of Economic Studies and Financial Research","volume":"245 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116474431","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-09DOI: 10.46610/jesfr.2021.v02i02.003
Rpeasn Jayarathna
The study seeks to measure the influence of world oil prices on inflation and GDP in Sri Lanka using monthly data from 2000M01 to 2020M12. All variables are integrated in the same order and satisfy the precondition of the Johansen cointegration test, according to the Augmented Dickey Fuller unit root, Philips and Perron unit root, and Correlogram tests. There is a long-run association between oil price, inflation, and GDP, according to the Johansen cointegration test. Then, using Vector Error Correction Model (VECM), it was discovered that while there is a long-run causal relationship between oil prices and inflation, there is no short-run causal association. There is also a long-run causality from oil prices to GDP, but no short-run connection. Inflation granger causes GPD, and oil price granger causes inflation rate, according to the Granger causality test. The results of a variance decomposition analysis revealed that oil price shocks have little impact on inflation fluctuations, both in the short and long run. In the short run, an increase in oil prices will not have much of an impact on GDP fluctuations, but in the long run, an increase in oil prices will have a significant impact on GDP fluctuations.
{"title":"The Impact of Oil Prices on Inflation and GDP in Sri Lanka: An Econometrics Approach using EViews","authors":"Rpeasn Jayarathna","doi":"10.46610/jesfr.2021.v02i02.003","DOIUrl":"https://doi.org/10.46610/jesfr.2021.v02i02.003","url":null,"abstract":"The study seeks to measure the influence of\u0000world oil prices on inflation and GDP in Sri\u0000Lanka using monthly data from 2000M01\u0000to 2020M12. All variables are integrated in\u0000the same order and satisfy the precondition\u0000of the Johansen cointegration test,\u0000according to the Augmented Dickey Fuller\u0000unit root, Philips and Perron unit root, and\u0000Correlogram tests. There is a long-run\u0000association between oil price, inflation, and\u0000GDP, according to the Johansen\u0000cointegration test. Then, using Vector Error\u0000Correction Model (VECM), it was\u0000discovered that while there is a long-run\u0000causal relationship between oil prices and\u0000inflation, there is no short-run causal\u0000association. There is also a long-run\u0000causality from oil prices to GDP, but no\u0000short-run connection. Inflation granger\u0000causes GPD, and oil price granger causes\u0000inflation rate, according to the Granger\u0000causality test. The results of a variance\u0000decomposition analysis revealed that oil\u0000price shocks have little impact on inflation\u0000fluctuations, both in the short and long run.\u0000In the short run, an increase in oil prices\u0000will not have much of an impact on GDP\u0000fluctuations, but in the long run, an increase\u0000in oil prices will have a significant impact\u0000on GDP fluctuations.","PeriodicalId":364228,"journal":{"name":"Journal of Economic Studies and Financial Research","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121772830","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-09DOI: 10.46610/jesfr.2021.v02i02.001
Nalla Bala Kalyan
Indian monetary industry has actually seen the turnout of creative monetary models like portions and minimal expenditure banks. RBI's new measures may go far in helping the modifying of the local monetary industry. The automated portions system in India has fostered the most among 25 countries with India's Immediate Payment Service (IMPS) being the singular structure at level 5 in the Faster Payments Innovation Index (FPII). With the end goal of article decisions, the key examination is extremely basic. It gives information into the monetary show of a business attempt. Worth examination is the exhibit of making an ex-bet appraisal of different endeavor streets, especially for the worth offers. The inspiration driving the examination is to survey the endeavor worth of the worth offers and find the appropriate arranging of interest in such offers. The primary goal of the current examination is to analyze the efficiency position of the monetary region by taking relatively few model financial associations. The helper target is to make a close to examination among the basics of the model financial associations in India. There are two fundamental kinds of stock assessment: significant examination and particular examination.
{"title":"Jeopardy and Arrival Analysis of Equity With Reference To Indian Banking Sector","authors":"Nalla Bala Kalyan","doi":"10.46610/jesfr.2021.v02i02.001","DOIUrl":"https://doi.org/10.46610/jesfr.2021.v02i02.001","url":null,"abstract":"Indian monetary industry has actually seen the turnout of creative monetary models like portions and minimal expenditure banks. RBI's new measures may go far in helping the modifying of the local monetary industry. The automated portions system in India has fostered the most among 25 countries with India's Immediate Payment Service (IMPS) being the singular structure at level 5 in the Faster Payments Innovation Index (FPII). With the end goal of article decisions, the key examination is extremely basic. It gives information into the monetary show of a business attempt. Worth examination is the exhibit of making an ex-bet appraisal of different endeavor streets, especially for the worth offers. The inspiration driving the examination is to survey the endeavor worth of the worth offers and find the appropriate arranging of interest in such offers. The primary goal of the current examination is to analyze the efficiency position of the monetary region by taking relatively few model financial associations. The helper target is to make a close to examination among the basics of the model financial associations in India. There are two fundamental kinds of stock assessment: significant examination and particular examination.","PeriodicalId":364228,"journal":{"name":"Journal of Economic Studies and Financial Research","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130094355","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}