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
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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。
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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.

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来源期刊
CiteScore
4.40
自引率
19.00%
发文量
27
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