Impact of access and use of formal financial services in the development of entrepreneurship in rural Ecuador

Guzmán-Barquet, Eduardo Andrés; Guevara-Sánchez, Daniel Eduardo

doi:10.17512/pjms.2023.27.2.08

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Tytuł artykułu

Impact of access and use of formal financial services in the development of entrepreneurship in rural Ecuador

Autorzy

Guzmán-Barquet Eduardo Andrés , Guevara-Sánchez Daniel Eduardo

Treść / Zawartość

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Identyfikatory

DOI

10.17512/pjms.2023.27.2.08

Warianty tytułu

Wpływ dostępu i korzystania z formalnych usług finansowych na rozwój przedsiębiorczości na obszarach wiejskich Ekwadoru

Języki publikacji

Abstrakty

This study aimed to determine the impact of access and use of formal financial services through correspondent banking on the development of entrepreneurship in the rural sector of Ecuador. The qualitative case study methodological strategy was used in this research. Eighteen rural communities on the Coast and Highlands of Ecuador were studied. Through an inductive analysis in Atlas.ti 9, the relationships between the concepts identified in the interviews and the researchers’ files were structured, and the results were compared with the theoretical assumptions specified in the literature. In order to determine the impact of correspondent banking in the communities studied, the theoretical assumptions of transaction costs were used as a frame of reference. The presence of the correspondent in the communities has eliminated non-financial transaction costs by reducing the physical distance between the user and the distributor of financial services. The non-payment of non-financial transaction costs positively affected the generation of savings; moreover, the presence of the correspondent allowed the inhabitants to open savings accounts, which are used for personal and business transactions. Many businesses started their activities after incorporating the correspondent due to the concentration of potential clients of local businesses. Also, business growth after the correspondent is generated from time and money savings. The novelty of the study focuses on empirically showing that in rural contexts, the mere fact of providing formal financial services in the community -through the correspondent banking channel- (without having credit) allows the growth of the enterprise through savings transaction costs.

Niniejsze badanie miało na celu określenie wpływu dostępu i korzystania z formalnych usług finansowych za pośrednictwem bankowości korespondencyjnej na rozwój przedsiębiorczości w sektorze wiejskim Ekwadoru. W badaniach wykorzystano strategię metodologiczną jakościowego studium przypadku. Zbadano osiemnaście społeczności wiejskich na wybrzeżu i w górach Ekwadoru. Poprzez analizę indukcyjną w Atlas. ti 9 uporządkowano relacje między koncepcjami zidentyfikowanymi w wywiadach a aktami badaczy, a wyniki porównano z założeniami teoretycznymi określonymi w literaturze. W celu określenia wpływu bankowości korespondencyjnej w badanych społecznościach jako punkt odniesienia przyjęto teoretyczne założenia dotyczące kosztów transakcyjnych. Obecność korespondenta w społecznościach wyeliminowała pozafinansowe koszty transakcji poprzez zmniejszenie fizycznej odległości między użytkownikiem a dystrybutorem usług finansowych. Brak zapłaty pozafinansowych kosztów transakcyjnych pozytywnie wpłynął na generowanie oszczędności; ponadto obecność korespondenta umożliwiła mieszkańcom otwieranie kont oszczędnościowych, które służą do transakcji osobistych i biznesowych. Wiele firm rozpoczęło swoją działalność po włączeniu korespondenta ze względu na koncentrację potencjalnych klientów lokalnych firm. Ponadto, rozwój biznesu po włączeniu korespondenta jest generowany z oszczędności czasu i pieniędzy. Nowatorstwo badania koncentruje się na empirycznym wykazaniu, że w kontekstach wiejskich sam fakt świadczenia formalnych usług finansowych w społeczności – za pośrednictwem kanału bankowości korespondencyjnej – (bez posiadania kredytu) pozwala na rozwój przedsiębiorstwa poprzez oszczędności kosztów transakcyjnych.

Słowa kluczowe

financial access correspondent banking transaction costs entrepreneurship rural finance

dostęp finansowy bankowość korespondencka koszty transakcyjne przedsiębiorczość finanse obszarów wiejskich

Wydawca

Czestochowa University of Technology

Czasopismo

Polish Journal of Management Studies

Rocznik

2023

Tom

Vol. 27, No. 2

Strony

120--135

Opis fizyczny

Bibliogr. 51 poz.

Twórcy

autor

Guzmán-Barquet Eduardo Andrés

eduardo.guzman@pucp.pe

PhD candidate at CENTRUM Catolica
Graduate Business School – Pontificia Universidad Catolica del Peru, Lima, Peru

https://orcid.org/0000-0001-8606-3579

autor

Guevara-Sánchez Daniel Eduardo

dguevaras@pucp.pe

CENTRUM Catolica Graduate Business School – Pontificia Universidad Catolica del Peru, Lima, Peru

https://orcid.org/0000-0002-6374-8062

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Uwagi

Opracowanie rekordu ze środków MEiN, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2022-2023).

Typ dokumentu

Bibliografia

Identyfikator YADDA

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