Browsing by Author "Bongomin, George O. C."
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Item Institutional framework in developing economies Do all dimensions matter for financial intermediation by microfinance deposit-taking institutions?(Journal of Financial Regulation and Compliance, 2018) Bongomin, George O. C.; Malinga, Charles A.; Munene, John C.; Ntayi, Joseph M.The purpose of this paper is to establish the relationship between institutional framework of regulative (formal rules), normative (informal norms) and cultural-cognitive (cognition), and their effects on financial intermediation by microfinance deposit taking institutions (MDIs) in developing economies like Uganda. Design/methodology/approach – Data collected from a total sample of 400 poor households and 40 relationship officers located in rural Uganda were processed using statistical package for social sciences and analysis of moment structures to establish the relationship between institutional framework of regulative, normative and cultural-cognitive, and their effects on financial intermediation by MDIs in developing economies. Findings – The results showed that the three dimensions of regulative (formal rules), normative (informal norms) and cultural-cognitive (cognition) significantly affect financial intermediation by MDIs in developing economies like Uganda. In addition, as a unique finding, two new dimensions of procedural and declarative cognition emerged from cultural-cognitive framework to determine financial intermediation among MDIs in developing economies, specifically in Uganda. Research limitations/implications – The study collected data from only poor households and relationship officers located in rural Uganda. It ignored peri-urban and urban areas in Uganda. In addition, the study focused only on MDIs and ignored other financial institutions. Besides, the study was purely quantitative, therefore, further research through interviews may be useful in future. Furthermore, the study was carried out in rural Uganda as a developing economy. Thus, future research using the same variables in other developing economies may be useful. Practical implications – Managers ofItem The relationship between access to finance and growth of SMEs in developing economies: financial literacy as a moderator(Review of International Business and Strategy, 2017) Bongomin, George O. C.; Ntayi, Joseph M.; Munene, J. C.; Malinga, Charles A.The main purpose of this paper is to establish the moderating effect of financial literacy in the relationship between access to finance and growth of SMEs in developing economies. Thus, this study seeks to establish whether financial literacy moderates the relationship between access to finance and growth of SMEs in a developing economy like Uganda. Design/methodology/approach – Cross sectional research design was employed in the study and data were collected from 169 SMEs located in Jinja and Iganga central markets. ModGraph (Excel programme) was used to test for the moderating effect of financial literacy in the relationship between access to finance and growth of SMEs in developing economies. Findings – The findings reveal a positive and significant moderating effect of financial literacy in the relationship between access to finance and growth of SMEs in developing economies. In addition, financial literacy and access to finance also have significant and positive effects on growth of SMEs in developing economies. Research limitations/implications – The study collected data from only SMEs located in Uganda, and there is an opportunity to test this finding in other developing economies. Furthermore, the findings from the study are based on quantitative data collected through use of semi-structured questionnaires. Besides, the study was purely cross-sectional hence, ignoring the characteristics of SMEs, which could be investigated using longitudinal study design.