肯尼亚接受存款金融合作社管理中规模和外联对代理相关成本的影响

Peter Njuguna , David Mathuva
{"title":"肯尼亚接受存款金融合作社管理中规模和外联对代理相关成本的影响","authors":"Peter Njuguna ,&nbsp;David Mathuva","doi":"10.1016/j.jcom.2024.100231","DOIUrl":null,"url":null,"abstract":"<div><p>Using agency and economies of scale theories, this study investigates the influence of size and outreach factors on agency-related costs (ARCs) in the management of deposit-taking (DT) savings and credit co-op societies (SACCOs) in Kenya. Data are retrieved from 160 DT SACCOs in Kenya over the period 2014–2021. Both panel ordinary least squares and 2-step generalized method of moments are utilized to address the objectives of the study. The results depict that ARC levels within the global standard between 0.040 and 0.046 of the average assets with a significant decline during the Covid-19 pandemic period. We further note that as DT SACCOs scale up (in terms of the peer group), the resultant economies of scale lead to lower ARCs. More specifically, smaller DT SACCOs seem to exhibit weaker expense efficiency compared to larger ones. Finally, the results reveal that SACCOs with more members and branch offices are associated with higher ARCs. The study calls for a cautious and prudent expense management strategy by the DT SACCOs to assure solvency and self-sufficiency of the financial cooperatives in Kenya.</p></div>","PeriodicalId":43876,"journal":{"name":"Journal of Co-operative Organization and Management","volume":null,"pages":null},"PeriodicalIF":2.2000,"publicationDate":"2024-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The influence of size and outreach on agency-related costs in the management of deposit-taking financial co-operatives in Kenya\",\"authors\":\"Peter Njuguna ,&nbsp;David Mathuva\",\"doi\":\"10.1016/j.jcom.2024.100231\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>Using agency and economies of scale theories, this study investigates the influence of size and outreach factors on agency-related costs (ARCs) in the management of deposit-taking (DT) savings and credit co-op societies (SACCOs) in Kenya. Data are retrieved from 160 DT SACCOs in Kenya over the period 2014–2021. Both panel ordinary least squares and 2-step generalized method of moments are utilized to address the objectives of the study. The results depict that ARC levels within the global standard between 0.040 and 0.046 of the average assets with a significant decline during the Covid-19 pandemic period. We further note that as DT SACCOs scale up (in terms of the peer group), the resultant economies of scale lead to lower ARCs. More specifically, smaller DT SACCOs seem to exhibit weaker expense efficiency compared to larger ones. Finally, the results reveal that SACCOs with more members and branch offices are associated with higher ARCs. The study calls for a cautious and prudent expense management strategy by the DT SACCOs to assure solvency and self-sufficiency of the financial cooperatives in Kenya.</p></div>\",\"PeriodicalId\":43876,\"journal\":{\"name\":\"Journal of Co-operative Organization and Management\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":2.2000,\"publicationDate\":\"2024-03-02\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Co-operative Organization and Management\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S2213297X24000028\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"MANAGEMENT\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Co-operative Organization and Management","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S2213297X24000028","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"MANAGEMENT","Score":null,"Total":0}
引用次数: 0

摘要

本研究利用代理和规模经济理论,调查了肯尼亚接受存款(DT)储蓄和信贷合作社(SACCOs)管理中的规模和外联因素对代理相关成本(ARCs)的影响。数据取自 2014-2021 年间肯尼亚的 160 家 DT SACCO。为实现研究目标,采用了面板普通最小二乘法和两步广义矩法。结果表明,ARC 水平在平均资产的 0.040 至 0.046 之间,处于全球标准范围内,在 Covid-19 大流行期间显著下降。我们进一步注意到,随着 DT SACCO 规模的扩大(就同业群体而言),由此产生的规模经济导致了较低的 ARC。更具体地说,与规模较大的 DT SACCO 相比,规模较小的 DT SACCO 似乎表现出较低的支出效率。最后,研究结果表明,拥有更多会员和分支机构的 SACCO 与更高的 ARC 相关联。这项研究呼吁 DT SACCO 采取谨慎和审慎的支出管理策略,以确保肯尼亚金融合作社的偿付能力和自给自足。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
The influence of size and outreach on agency-related costs in the management of deposit-taking financial co-operatives in Kenya

Using agency and economies of scale theories, this study investigates the influence of size and outreach factors on agency-related costs (ARCs) in the management of deposit-taking (DT) savings and credit co-op societies (SACCOs) in Kenya. Data are retrieved from 160 DT SACCOs in Kenya over the period 2014–2021. Both panel ordinary least squares and 2-step generalized method of moments are utilized to address the objectives of the study. The results depict that ARC levels within the global standard between 0.040 and 0.046 of the average assets with a significant decline during the Covid-19 pandemic period. We further note that as DT SACCOs scale up (in terms of the peer group), the resultant economies of scale lead to lower ARCs. More specifically, smaller DT SACCOs seem to exhibit weaker expense efficiency compared to larger ones. Finally, the results reveal that SACCOs with more members and branch offices are associated with higher ARCs. The study calls for a cautious and prudent expense management strategy by the DT SACCOs to assure solvency and self-sufficiency of the financial cooperatives in Kenya.

求助全文
通过发布文献求助,成功后即可免费获取论文全文。 去求助
来源期刊
CiteScore
4.40
自引率
19.00%
发文量
27
期刊最新文献
Enacted or idealistic co-operative values? Exploring the impact of accelerator programs on startup success: A focus on corporate collaboration and goal achievement Organizational structures of agriculture cooperatives in China: Evidence from the green vegetable sector Social capital and credit risk in a financial cooperative of Ecuador Cooperative opportunities for strengthening SMEs in dealing with online platforms
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1