Post by Sapphire Capital on Oct 3, 2008 11:11:42 GMT 4
'Hot' Money Flow through Informal Financing Ensures Sound-Cum-Prudent Managerial Handling: Financial Management Approach - Case Studies of U.S.A. and Nigeria
M. R. K. Swamy
Om Sai Ram Centre for Financial Management Research
Journal of Financial Management and Analysis, Vol. 21, No. 1, January-June 2008
Abstract:
Inasmuch as it is an established fact that agricultural producers and cooperative members are eligible to have access to two capital markets - institutional (through banking channels on conventional terms based on commercial considerations) and informal (through Isusu Trust Societies, etc., on non-conventional terms based on welfare motive) - in reality, developing countries plagued with many economic difficulties and resultant financial problems find it very difficult to have access to institutional (conventional) financing ('cold' money) facilities and are forced by circumstances to resort to informal financing institutions for easy 'hot' money flow. The author after detailed research study has proposed a financial management model to handle the issue of informal financing ('hot' money flow) through the proposed Isusu and Trust Society for executives in Nigeria
papers.ssrn.com/sol3/papers.cfm?abstract_id=1268583
M. R. K. Swamy
Om Sai Ram Centre for Financial Management Research
Journal of Financial Management and Analysis, Vol. 21, No. 1, January-June 2008
Abstract:
Inasmuch as it is an established fact that agricultural producers and cooperative members are eligible to have access to two capital markets - institutional (through banking channels on conventional terms based on commercial considerations) and informal (through Isusu Trust Societies, etc., on non-conventional terms based on welfare motive) - in reality, developing countries plagued with many economic difficulties and resultant financial problems find it very difficult to have access to institutional (conventional) financing ('cold' money) facilities and are forced by circumstances to resort to informal financing institutions for easy 'hot' money flow. The author after detailed research study has proposed a financial management model to handle the issue of informal financing ('hot' money flow) through the proposed Isusu and Trust Society for executives in Nigeria
papers.ssrn.com/sol3/papers.cfm?abstract_id=1268583