Factors Associated with Peopleas Reliance towards Informal Financing Methods in Rural Community of Sri Lanka

Factors Associated with Peopleas Reliance towards Informal Financing Methods in Rural Community of Sri Lanka

Udani Chathurika Edirisinghe

Contact

U.C. Edirisinghe

Contact

M.V.T.M. Ariyawansha

Contact

α Sabaragamuwa University of Sri Lanka

Factors Associated with Peopleas Reliance towards Informal Financing Methods in Rural Community of Sri Lanka

Article Fingerprint

ReserarchID

C: FINANCE6JV99

Factors Associated with Peopleas Reliance towards Informal Financing Methods in Rural Community of Sri Lanka Banner

AI TAKEAWAY

Connecting with the Eternal Ground

Abstract

This study was focused on investigating factors associated for people’s reliance on informal financing methods by Sri Lankans with special reference to rural community in Rathnapura District. To achieve the objectives of the study, data was collected through survey questionnaire from a sample of 250 respondents and data was analysed using Chi -Square test. The results of the research show that there is a significant association between educational level, occupation, income level, financial behavior, personal financial attitudes, financial literacy, trust and reliability on reliance on informal finance. In addition the results showed that people highly depend on informal finance and most preferable financing source is loan from family/friends.

References

20 Cites in Article

Reference Format

D Adams (1991). Taking a fresh look at informal finance.
Laith Alrubaiee,Nahla Al-Nazer (2010). Investigate the Impact of Relationship Marketing Orientation on Customer Loyalty: The Customer's Perspective.
M Ayyagari,A Demirgüç-Kunt,V Maksimovic (2010). Formal versus Informal Finance: Evidence from China.
Abhijit Banerjee,Andrew Newman (1993). Occupational Choice and the Process of Development.
T& Besley,Levenson,Ar (1996). The role of informal finance in household capital accumulation: evidence from Taiwan.
D Beal,Delpachitra,Sb (2003). Financial literacy among Australian university students.
Attila Bruni,Silvia Gherardi,Barbara Poggio (2004). Gender and Entrepreneurship.
Barry Chiswick,Jacob Mincer (1972). Time-Series Changes in Personal Income Inequality in the United States from 1939, with Projections to 1985.
Hans Degryse,Liping Lu,Steven Ongena (2014). Informal or Formal Financing? Or Both? First Evidence on the Co-Funding of Chinese Firms.
B Francis,I Hasan,J Park,Q Wu (2014). Gender differences in financial reporting decisionmaking: Evidence from accounting conservatism.
D Godwin,J Koonce (1992). Cash flow management of low-income newlyweds.
M Hilgert,Hogarth,S Beverly (2003). Household financial management: The connection between knowledge and behavior.
Mohamed Ibrahim,Fatima Alqaydi (2013). Financial Literacy, Personal Financial Attitude, and Forms of Personal Debt among Residents of the UAE.
S Marcolin,A Abraham (2006). Financial Literacy Research: Current Literature and Future Opportunities.
B Melzer (2011). The Real Costs of Credit Access: Evidence from the Payday Lending Market.
R Morgan,S Hunt (1994). The commitment-trust theory of relationship marketing.
J Riedel,Jin Gao,J (2007). Overview of Economic Reforms and Outcomes.
M Rooij,A Lusardi,R Alessie (2007). Financial literacy and Stock Market Participation.
J Thomas (2009). Trust in customer relationship: addressing the impediments in research.
Ryan Wells (2006). Education’s effect on income inequality: an economic globalisation perspective.

Download References

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Udani Chathurika Edirisinghe. 2016. \u201cFactors Associated with Peopleas Reliance towards Informal Financing Methods in Rural Community of Sri Lanka\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 15 (GJMBR Volume 15 Issue C11): .

More Citation Formats

Select Citation Style:

Download Citation

Download Article

GJMBR Volume 15 Issue C11
Pg. 1- 6

Explore Journals Explore Volume Read This Issue

Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

Not Found

Classification

GJMBR-C Classification: JEL Code: D9, G32

Submission ReceivedFebruary 7, 2015
Peer Review Double Blind
Handling Editor
Accepted March 4, 2015
Published March 15, 2015

Version of record

v1.2

Issue date

January 11, 2016

Language

Experiance in AR

Explore published articles in an immersive Augmented Reality environment. Our platform converts research papers into interactive 3D books, allowing readers to view and interact with content using AR and VR compatible devices.

View in VR

Read in 3D

Your published article is automatically converted into a realistic 3D book. Flip through pages and read research papers in a more engaging and interactive format.

View in 3D

Article Matrices

Total Score: 102

Country: Sri Lanka

Subject: Global Journal of Management and Business Research - C: Finance

Authors: U.C. Edirisinghe, M.V.T.M. Ariyawansha (PhD/Dr. count: 0)

View Count (all-time): 214

Total Views (Real + Logic): 4300

Total Downloads (simulated): 2014

Publish Date: 2016 01, Mon

Monthly Totals (Real + Logic):

Month 1: 58 views
Month 2: 55 views
Month 3: 35 views
Month 4: 46 views
Month 5: 48 views
Month 6: 25 views
Month 7: 37 views
Month 8: 43 views
Month 9: 42 views
Month 10: 51 views
Month 11: 29 views
Month 12: 24 views
Month 13: 36 views
Month 14: 40 views
Month 15: 30 views
Month 16: 31 views
Month 17: 24 views
Month 18: 33 views
Month 19: 20 views
Month 20: 44 views
Month 21: 38 views
Month 22: 39 views
Month 23: 12 views
Month 24: 36 views
Month 25: 22 views
Month 26: 35 views
Month 27: 36 views
Month 28: 36 views
Month 29: 36 views
Month 30: 12 views
Month 31: 47 views
Month 32: 32 views
Month 33: 17 views
Month 34: 30 views
Month 35: 32 views
Month 36: 33 views
Month 37: 28 views
Month 38: 35 views
Month 39: 24 views
Month 40: 38 views
Month 41: 40 views
Month 42: 30 views
Month 43: 24 views
Month 44: 30 views
Month 45: 37 views
Month 46: 36 views
Month 47: 31 views
Month 48: 34 views
Month 49: 37 views
Month 50: 37 views
Month 51: 38 views
Month 52: 28 views
Month 53: 49 views
Month 54: 27 views
Month 55: 24 views
Month 56: 43 views
Month 57: 14 views
Month 58: 20 views
Month 59: 31 views
Month 60: 30 views
Month 61: 41 views
Month 62: 37 views
Month 63: 24 views
Month 64: 13 views
Month 65: 23 views
Month 66: 24 views
Month 67: 32 views
Month 68: 24 views
Month 69: 34 views
Month 70: 28 views
Month 71: 27 views
Month 72: 32 views
Month 73: 30 views
Month 74: 30 views
Month 75: 30 views
Month 76: 37 views
Month 77: 33 views
Month 78: 31 views
Month 79: 24 views
Month 80: 36 views
Month 81: 35 views
Month 82: 21 views
Month 83: 29 views
Month 84: 38 views
Month 85: 23 views
Month 86: 39 views
Month 87: 47 views
Month 88: 29 views
Month 89: 43 views
Month 90: 30 views
Month 91: 35 views
Month 92: 24 views
Month 93: 32 views
Month 94: 31 views
Month 95: 45 views
Month 96: 37 views
Month 97: 38 views
Month 98: 25 views
Month 99: 22 views
Month 100: 14 views
Month 101: 41 views
Month 102: 30 views
Month 103: 28 views
Month 104: 36 views
Month 105: 32 views
Month 106: 26 views
Month 107: 30 views
Month 108: 32 views
Month 109: 41 views
Month 110: 36 views
Month 111: 39 views
Month 112: 42 views
Month 113: 37 views
Month 114: 30 views
Month 115: 28 views
Month 116: 35 views
Month 117: 41 views
Month 118: 34 views
Month 119: 42 views
Month 120: 42 views
Month 121: 53 views
Month 122: 78 views
Month 123: 31 views
Month 124: 45 views

Total Views: 4300

Total Downloads: 2014

2026 Trends

Published Article

Our website is actively being updated, and changes may occur frequently. Please clear your browser cache if needed. For feedback or error reporting, please email [email protected]