Management Journal for Advanced Research
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Microfinance and Gender Inequality: Evaluating Models, Impact, and Future Research Gaps
Get PDFGender inequality remains a major barrier to social and economic progress worldwide, limiting women’s access to education, healthcare, and financial resources. Microfinance has become a powerful tool for change, offering small loans, savings programs, and financial education to underserved women. This approach has helped many gain financial independence, increase their income, and step into leadership roles. However, while microfinance has shown promising results, it’s not without challenges. Some women face over-indebtedness, and in some cases, these programs unintentionally reinforce traditional gender roles rather than breaking them. This paper explores the development of microfinance, its impact on gender inequality, and its effectiveness in fostering empowerment. By reviewing theories, real-world outcomes, and unintended consequences, it provides a well-rounded analysis of microfinance’s role in closing the gender gap. Moving forward, research must address these challenges to refine microfinance strategies and ensure they truly support gender equality
The Paradox of Safety: A Critical State-Wise Analysis of Crime Against the Elderly in India
Get PDFBy 2050, India is set to undergo a significant demographic shift as the population aged 60 and above is expected to double. India’s increasing concern with the problem of crime against the elderly. This elderly demographic not only presents social problems but also dire issues concerning the safety of the elderly population with respect to crime. This paper goes far beyond the usual narrative and descriptive frameworks based on statistical winterization of the data and presents a critical, multi-variate, inter-state analysis of the problem. The present study begins with a standardized analysis of the data base on the police reported crime data as published in the NCRB \u27Crime in India\u27 2022 report, calculating the police reported crime rate per 100,000 seniors CRE. This, in turn, relies on the police presence to per capita income non-agricultural industries to agriculture ratio in the state.
This study contributes to the literature on interstate crime in India in three significant ways. First, the study offers the most recent and comprehensive standardized state level data set. Secondly, the empirical test of the reporting bias theory using a robust statistical model. In policy discourse, a shift is made from general crime control to prevention of violence against the elderly. Regarding the study, its unique primary findings stem from the analysis of per capita CRE in the wider context of socio-economic structure comprising non agriculture, highly educated workforce, the ratio of employed graduates to total population, density of graduates per capita, police presence, income, and per capita police budget funded by the state
Activities and Essential Strategies of Library for Enhancing Level of Media Literacy with Emerging Trends in Digital Age and Empowering UG Students of Academic College Located in Rural Area of West Bengal, India: An Assessment
Get PDFIn one line, media literacy means concern about misinformation, bad effect of false information spread from media. Young generations are future of the nation. They should know about all things about digital media. And these should be started from their academic institutions. Best planning should be initiated for the young generation protecting from false information. This study aims to identify the level of media literacy among 180 numbers students of under graduate level studying in Vidyanagar College and who are using Vidyanagar College Library. This study reveals that much more path should be passed by both students and authorities of this institution
Financial Capability (FC): A Systematic Review of Literature and Prospects for Future Research
Get PDFThe available research literatures concerning the emerging area of financial capability demonstrates a broad range of perspectives on both the definition and assessment of this concept. Although there is an ample amount of research literature available for reviewing measurement domains and indicators, there is a lack of extensive bibliographic analysis in this area. The primary objective of this study is to pinpoint major contributors, focal areas, existing dynamics, and propose potential avenues for future research within this specific domain. The systematic literature review (SLR) adheres to the protocol outlined in the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA). This study employs a methodological approach involving systematic literature review, alongside bibliometric, network, and content analysis. This scoping review conducted an analysis of scholarly literature on financial capability from the years 2007 to 2023. In total, 363 studies satisfied all the inclusion criteria for the present study. Utilizing bibliometric techniques, four distinct research clusters have been discerned, and an in-depth content analysis has been conducted on the papers associated with these clusters. The predominant research emphasis in this field revolves around impact of financial capability on financial satisfaction and financial well-being followed by it’s impact on financial behaviour. Subsequently, the focus extends to influence of financial education on financial capability and the measurement of its level. Later part of this study includes recommendations regarding the standardization of measurement for the components within financial capability and the assessment of financial capability itself. 
Share Price Behavior and Buyback Announcements by Listed Companies- An Evidence from the Indian Stock Market
Get PDFBuyback announcement is considered as the prominent announcement made by corporate houses. Many companies have announced the stock buyback in India. Share buybacks have progressively been examined as a key concern in financial study which is seeing as a strong implication in formulating corporate policy. Share buyback provide enough signaling ability to affect the share prices all over the world. The present research is an effort to examine the share price movement before and after the buyback repurchase through the open market mechanism for a sample of 46 companies made during the April 2015 to March 2022. The present manuscript uses the Ordinary Least square (OLS) regression to find out the alpha and beta values which is further use to arrive at the average abnormal return (AAR), cumulative abnormal return (CAR) and cumulative average abnormal return (CAAR). The present effort employs the Nifty 50 as a benchmark for the market model to anticipate the expected return of the sample companies. An estimation window of 200 trading days (ranging from day –230 to day –30) and an event window of 61 trading days (spanning from day –30 to day +30, including the event day) have been used to derive the results. The study reports that AAR on the declaration date is 1.09 percent and Cumulative average abnormal return (CAAR) is 7.53 percent for 61 days’ event window. As a result of analysis of buyback announcements in India shows that there is greater degree of signaling ability and it can help in accumulating the wealth for the shareholders
Enhancing Financial Literacy for Sustainable Future: A study among Kerala’s Rural Cashew Workers
Get PDFThe impact of financial literacy on rural cashew workers\u27s long-term economic security and growth is explored in this research from Kerala, India. It stresses the need of financial education in raising financial literacy, a prerequisite for economic agency. The study looks at the effects of financial literacy on leadership, time management, financial wellness, decision-making, income management, and other aspects of economic growth. This study uses Structural Equation Modelling (SEM) as part of its deductive quantitative technique to examine data collected from 426 rural cashew workers who are economically disadvantaged. The results show that there are strong links between knowing how to handle money and being financially independent in the long run. The study highlights how financial education and literacy may help rural cashew workers become more financially independent and secure, which in turn helps achieve sustainable development goals and more financial inclusion
The Effect of Entrepreneurial Orientation on Performance of Agriculture Cooperatives: A Study of Solar Milling Plant Cooperatives in Southern Province of Zambia
Get PDFThe Solar Powered Milling Plants Project, a cornerstone of Zambia’s Presidential Milling Initiative, was introduced to boost the economy and improve rural livelihoods by providing sustainable milling solutions. Despite substantial support from the government, stakeholders, and donor agencies, the performance of agricultural cooperatives especially in Zambia’s Southern Province has remained suboptimal. With agriculture contributing only 2.74% to the country’s GDP and cooperatives accounting for 12% of agricultural GDP, there was a clear gap between potential and realized impact, raising concerns about the effectiveness of these cooperatives in meeting economic and social objectives. This study examined the influence of entrepreneurial orientation (EO) on the business performance of solar milling cooperatives in Southern Province of Zambia, aiming to uncover strategies to enhance their success. The research employed an embedded mixed-methods design, primarily focusing on quantitative data while incorporating qualitative insights. Data were gathered from 364 cooperative members using survey tools and semi-structured interviews. Convenience and purposive sampling techniques ensured targeted participant engagement, with 308 respondents forming the final analysis group. Among these respondents, 70.5% were female and 25.3% were male, reflecting the significant role of women in cooperative operations. The study revealed that EO dimensions, including innovation, pro-activeness, and risk-taking, had a measurable and positive effect on cooperative business performance. A strong positive correlation (p < 0.01) was identified between EO and performance, suggesting that entrepreneurial practices could drive significant improvements in cooperative outcomes. Further, the study examined the interplay between internal and external business environments and cooperative performance. The findings demonstrated a robust positive relationship between these environments and performance, with a correlation coefficient of 0.947. Combined, internal and external factors explained 89.7% (R-Square: 0.897) of the variance in business performance, underscoring their critical role. Internally, cooperatives faced challenges related to operational costs, leadership capabilities, and technical skills, while externally, government policies, market accessibility, and raw material availability emerged as key influencers. The thematic analysis also highlighted that cooperatives capable of organizing their grain supplies and engaging in commercial milling achieved better financial results than those relying on toll milling. This finding emphasized the need for skill development programs, particularly in entrepreneurship and equipment repair, to enhance operational efficiency. The study concluded that EO, alongside both internal and external environmental factors, plays a pivotal role in determining the success of solar milling cooperatives. Key recommendations included fostering innovation, promoting entrepreneurial training, and addressing external barriers such as market access and policy restrictions. By strategically leveraging EO dimensions and improving their internal and external operational frameworks, cooperatives can enhance their financial performance and sustainability. This research contributes valuable insights into improving the efficiency and resilience of agricultural cooperatives, aligning with Zambia’s broader goals of rural development, economic diversification, and food security
Effect of Whistleblowing Mechanisms on Tax Remittances Fraud Prevention of Ministries, Departments and Agencies (MDAS) in Northeast Nigeria
Get PDFThis study investigates the effect of whistleblowing mechanisms on tax remittance fraud prevention among Ministries, Departments, and Agencies (MDAs) in Northeast Nigeria. The study is grounded in the Fraud Triangle Theory, which posits that fraud is most likely when perceived pressure, opportunity, and rationalization co-exist. The research addresses a critical gap in existing literature by focusing on whistleblowing as a strategic tool to prevent tax remittance fraud in public institutions, particularly in conflict-prone and institutionally fragile regions. Utilizing a survey research design, data were collected from 290 tax personnel in 259 MDAs across six Northeastern states. The study employed regression analysis using SPSS Version 23 to determine the statistical relationship between whistleblowing mechanisms and fraud prevention. Results indicate a strong positive correlation (r = 0.667, p < 0.01) between effective whistleblowing structures and reduced tax fraud incidents. The regression analysis further revealed that whistleblowing mechanisms significantly contribute to enhancing transparency and accountability in tax remittance processes. However, multicollinearity was detected, suggesting some overlap with other anti-fraud strategies. The study concludes that institutionalized whistleblowing, supported by legal protection and cultural shifts, is essential to reducing tax fraud in Nigeria’s public sector. It recommends strengthening whistleblower protection laws, increasing public awareness and embedding whistleblowing frameworks into the financial architecture of MDAs. Future research should explore whistleblowing in other public sectors, assess long-term impact, and include comparative studies with other regions for broader insights
Digital Financial Inclusion and Self-Help Groups in India: A Theoretical Review into Empowerment, Credit Linkage, and Sustainable Development
Get PDFIntroduction: Over the past few years, self-help organizations have advanced in the Indian economy thanks in large part to digital financial inclusion. Through the many facets of the digital financial inclusion process, the Joint Liability Groups (JLG) and Farmer Interest Groups (FIG) are also making progress in their social inclusion and economic growth. Point of Sale (POS) counters, Adhar-enabled payment methods, Core Banking System (CBS), and various Unified Payment Interfaces (UPI) are all playing a significant role in creating the nation\u27s digital ecosystem and fostering a close relationship with the country\u27s semi-urban and rural areas through digital financial inclusion.
Objective of the study: The study\u27s goals are to determine if the process of digital financial inclusion has any bearing on the financial advancements of Self-Help Groups (SHGs) in India and to evaluate the effects of various government initiatives implemented thus far to enhance the same. Another aspect of this study is how DFI creativity and SHGs may work together to help India achieve the SDGs.
Methodology: Information gathered from various government websites, journals, magazines, newspapers, and e-books forms the basis of the theoretical research with the case study. Additionally, this study uses quarterly NABARD reports as an additional quantitative data source.
Results: Enterprises for Digital Financial Inclusion (DFI), which have a massive potential to advance sustainable development improvements in the Indian economy, have a substantial influence on self-help groups (SHGs). The actual empowerment of Self-Help Groups (SHGs) has been transmuted by the incorporation of digital technology and financial services, which has subsequently assisted in the socioeconomic progression of communities around the world. Subsequently, this empowerment has elevated household incomes, assisted fight against poverty, and boosted living circumstances for semi-urban and rural residents
Comparative Study of Financial Planning Habits among Students and Salaried-Employed Individuals in Kolkata
Get PDFDespite the increasing significance of financial literacy, there is a deficiency of thorough research that juxtapose the financial behaviors of students and salaried professionals in an urban setting such as Kolkata.This study seeks to address this deficiency by offering a comprehensive comparison of the financial planning practices and investment behaviors of these two cohorts. It aims to comprehend the obstacles they have regarding financial literacy, decision-making, and their overall financial health.This study employs a descriptive, quantitative, cross-sectional research approach. The findings of this study provide valuable insights into the financial behaviors, challenges, and financial literacy levels of students and salaried employees in Kolkata