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Trust And Social Collateral
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Book Synopsis Trust and Social Collateral by : Markus Mobius
Download or read book Trust and Social Collateral written by Markus Mobius and published by . This book was released on 2007 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper builds a theory of informal contract enforcement in social networks. In our model, relationships between individuals generate social collateral that can be used to control moral hazard when agents interact in a borrowing relationship. We define trust between two agents as the maximum amount that one can borrow from the other, and derive a simple reduced form expression for trust as a function of the social network. We show that trust is higher in more connected and more homogenous societies, and relate our trust measure to commonly used network statistics. Our model predicts that dense networks generate greater welfare when arrangements typically require high trust, and loose networks create more welfare otherwise. Using data on social networks and behavior in dictator games, we document evidence consistent with the quantitative predictions of the model.
Book Synopsis Social Collateral, Dynamic Incentives, and Joint Liability in a Two-Step Trust Game by : Gustavo Barboza
Download or read book Social Collateral, Dynamic Incentives, and Joint Liability in a Two-Step Trust Game written by Gustavo Barboza and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asymmetric information and lack of collateral creates a suboptimal allocation of financial resources to those in most need. When uncollateralised borrowers approach financial institutions, the presence of moral hazard and adverse selection results in no lending. Conversely, group-lending contracts--joint liability, dynamic lending, and social cost for defaulting--control for information asymmetries and create a co-operative trust game between borrowers leading to an undominated optimal strategy to repay, and therefore, for the lender to Give. Group lending proves superior to typical individual borrowing and lending when no collateral is available. Social collateral and trust are fundamental pieces of the successful work of MicroFinance. Resulting contracts and correspondent payoffs are Pareto efficient.
Book Synopsis Microfinance Institutions by : R. Mersland
Download or read book Microfinance Institutions written by R. Mersland and published by Springer. This book was released on 2015-12-11 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research on MFI performance is still in its infancy. MFIs are hybrid organizations with dual objectives. Performance studies in microfinance are therefore less straightforward compared to performance studies in traditional banking research. This book contains new MFI performance research by top scholars from across the globe.
Book Synopsis Can Governments Earn Our Trust? by : Donald F. Kettl
Download or read book Can Governments Earn Our Trust? written by Donald F. Kettl and published by John Wiley & Sons. This book was released on 2017-08-07 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some analysts have called distrust the biggest governmental crisis of our time. It is unquestionably a huge problem, undermining confidence in our elected institutions, shrinking social capital, slowing innovation, and raising existential questions for democratic government itself. What’s behind the rising distrust in democracies around the world and can we do anything about it? In this lively and thought-provoking essay, Donald F. Kettl, a leading scholar of public policy and management, investigates the deep historical roots of distrust in government, exploring its effects on the social contract between citizens and their elected representatives. Most importantly, the book examines the strategies that present-day governments can follow to earn back our trust, so that the officials we elect can govern more effectively on our behalf.
Book Synopsis Trust and Social Capital in Organizations by : Ana Cristina Costa
Download or read book Trust and Social Capital in Organizations written by Ana Cristina Costa and published by SAGE Publications Limited. This book was released on 2013-01-30 with total page 1816 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trust and social capital have gained significant importance over the last 40 years as both areas of research and professional practice, becoming key concepts in the analysis of relationships in organizations and critical to organizations' effectiveness. As research has grown in these areas, literature on trust and social capital has become highly disparate: international in orientation; multi-level in focus, ranging from the individual to the workgroup, within and between organizations; and dual-focused on fundamental research issues and best practice. The editors of this four-volume set, with the aid of an international advisory board, bring together the seminal texts in the field to cover the scope of trust and social capital as a discipline, its historical development over the last 40 years and its spread across many countries.
Book Synopsis Trust and Social Capital in Organizations by : Ana Cristina Costa
Download or read book Trust and Social Capital in Organizations written by Ana Cristina Costa and published by SAGE Publications Limited. This book was released on 2013-01-30 with total page 1816 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trust and social capital have gained significant importance over the last 40 years as both areas of research and professional practice, becoming key concepts in the analysis of relationships in organizations and critical to organizations' effectiveness. As research has grown in these areas, literature on trust and social capital has become highly disparate: international in orientation; multi-level in focus, ranging from the individual to the workgroup, within and between organizations; and dual-focused on fundamental research issues and best practice. The editors of this four-volume set, with the aid of an international advisory board, bring together the seminal texts in the field to cover the scope of trust and social capital as a discipline, its historical development over the last 40 years and its spread across many countries.
Book Synopsis Microfinance Handbook by : Joanna Ledgerwood
Download or read book Microfinance Handbook written by Joanna Ledgerwood and published by World Bank Publications. This book was released on 1998-12-01 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of the 'Microfinance Handbook' is to bring together in a single source guiding principles and tools that will promote sustainable microfinance and create viable institutions.
Book Synopsis Social Capital and Group Lending Model by : Yulizar D. Sanrego
Download or read book Social Capital and Group Lending Model written by Yulizar D. Sanrego and published by LAP Lambert Academic Publishing. This book was released on 2011-10 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is well established in finance theory that credit markets characterized with high asymmetric information, leads to severe distortion and sometimes complete collapse of the formal credit market. Financial contracts or services will not be written under this condition. The contracts between borrower and lender will only be honored if the element of trust exists in such transactions. In this context, the basis of trust depends on two critical elements; (1)the applicant's reputation as a person of honor and (2)the availability of enough capital or collateral against which claim can be made in case of default. Basically, the result in this research would perhaps build upon these two elements whereby the basis of trust depends on the applicant's reputation as a person of honor. The applicant's reputation in the form social capital existence, in this research paper, is attained by means of group lending model (GLM) in Islamic Microfinance Institution. Poor people deserve to have financial service with this social capital through non-market institution. Not just representing social collateral, social capital also has an impact to the high rate of loan repayment of program participants.
Download or read book Trust in Society written by Karen S. Cook and published by Russell Sage Foundation. This book was released on 2001 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trust plays a pervasive role in social affairs, even sustaining acts of cooperation among strangers who have no control over each other's actions. But the full importance of trust is rarely acknowledged until it begins to break down, threatening the stability of social relationships once taken for granted. Trust in Society uses the tools of experimental psychology, sociology, political science, and economics to shed light on the many functions trust performs in social and political life. The authors discuss different ways of conceptualizing trust and investigate the empirical effects of trust in a variety of social settings, from the local and personal to the national and institutional. Drawing on experimental findings, this book examines how people decide whom to trust, and how a person proves his own trustworthiness to others. Placing trust in a person can be seen as a strategic act, a moral response, or even an expression of social solidarity. People often assume that strangers are trustworthy on the basis of crude social affinities, such as a shared race, religion, or hometown. Likewise, new immigrants are often able to draw heavily upon the trust of prior arrivals—frequently kin—to obtain work and start-up capital. Trust in Society explains how trust is fostered among members of voluntary associations—such as soccer clubs, choirs, and church groups—and asks whether this trust spills over into other civic activities of wider benefit to society. The book also scrutinizes the relationship between trust and formal regulatory institutions, such as the law, that either substitute for trust when it is absent, or protect people from the worst consequences of trust when it is misplaced. Moreover, psychological research reveals how compliance with the law depends more on public trust in the motives of the police and courts than on fear of punishment. The contributors to this volume demonstrate the growing analytical sophistication of trust research and its wide-ranging explanatory power. In the interests of analytical rigor, the social sciences all too often assume that people act as atomistic individuals without regard to the interests of others. Trust in Society demonstrates how we can think rigorously and analytically about the many aspects of social life that cannot be explained in those terms. A Volume in the Russell Sage Foundation Series on Trust!--
Book Synopsis Trust and Civil Society by : F. Tonkiss
Download or read book Trust and Civil Society written by F. Tonkiss and published by Springer. This book was released on 2000-09-25 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trust and Civil Society offers an original and accessible analysis of the meaning of 'trust' in a range of critical contexts: voluntary organizations, faith associations, the economy, the state and welfare, environmental issues and charity. Balancing theory with grounded analysis, and drawing on interdisciplinary and international perspectives, the book makes an important contribution to contemporary debates. It will be of interest to academics, students, researchers and practitioners in a range of fields.
Book Synopsis Collateral Damage by : Zygmunt Bauman
Download or read book Collateral Damage written by Zygmunt Bauman and published by Polity. This book was released on 2011-06-13 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zygmunt Bauman is one of the most original and influential social thinkers of our time. This new book focuses on social inequality.
Download or read book THE USE AND ABUSE OF TRUST written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is paralleled by the distinction between a 'differential' trust in institutions that enforce the rights of certain groups and a 'uniform' trust in impartial institutions that enforce the rights of all. [...] The social capital literature often assumes, for example, that encouraging trust in persons will give rise to greater trust in institutions, which in turn is invariably regarded as an unambiguously 22 See the discussion of the social and economic significance of trust in Dasgupta, Trust, pp. [...] The tacit assumption in much of this literature seems to be that encouraging a differential trust in group-specific institutions such as associations will somehow translate into a higher degree of uniform trust in impartial institutions such as markets and governments.28 A second purpose of this essay, therefore, is to examine the relationship between a differential and a uniform trust in institut. [...] The only quantitative analysis of guild charters of which I am aware is that of the ordinances for the powerful weavers' guilds which regulated the worsted proto-industry of the southern German state of Württemberg from the sixteenth to the nineteenth century. [...] But precisely these characteristics made a guild less able, and probably also less willing, to undertake the market research and the flexible response to changes in demand necessary to deliver the combinations of quality and price desired by a varied and changing population of consumers.66 These issues were recognized by contemporaries such as the seventeenth-century English economist and merchant.
Book Synopsis Interrogating Social Capital by : Dwaipayan Bhattacharya
Download or read book Interrogating Social Capital written by Dwaipayan Bhattacharya and published by SAGE. This book was released on 2004-12-08 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent years have seen the concept of social capital gain increasing currency, besides courting controversy, both in academic social science writing and in the development discourse of multilateral donor agencies. It has been viewed as an explanation for both the flourishing of democracy and economic development, and therefore as the potential key to successful development practices in the developing world. Presenting varied experiences of the interaction between social capital and the democratic functioning of a variety of institutions in India, the essays in this volume subject the notion of social capital to close and thorough scrutiny. The critique of social capital that this volume provides is strongly anchored in empirical case studies of three kinds: - field-based micro-studies in rural areas - sectoral studies in the areas of joint forest management, environment and education - macro-studies which relate indicators of human development to dimensions of social capital The contributors explore central issues concerning the inter-relationship between social capital and democracy. Additionally, they address important questions such as: Does social capital inhere in some communities and associations and not in others? Can it be `constructed` and, if so, which are the agencies best suited to do so?
Book Synopsis The Handbook of Microfinance by : Beatriz Armendariz
Download or read book The Handbook of Microfinance written by Beatriz Armendariz and published by World Scientific. This book was released on 2011 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Microfinance addresses the gap between clients who are benefiting from access to financial services via MFIs, and the potential market, which remains underserved or untapped. This gap can be attributed to a "mismatch" between what consumers, or potential clients, demand and what MFIs offer in terms of financial products. The scope of the book is wide. It includes successes and failures, main challenges and debates, methodologies for impact evaluation via random trials, leading trends in Asia versus Latin America, main efforts in Africa, the importance of value chains in Central America, ethical and gender issues, savings, microinsurance, governance, commercialization trends and the potential advantages and disadvantages of it. Lastly it features main lessons from informal finance and 19th-century credit cooperatives addressing the above-mentioned mismatch.
Download or read book Trust written by Marek Kohn and published by Oxford University Press. This book was released on 2009-05-07 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trust lies at the very heart of our relationships, our society, and our everyday lives. Kohn's essay consider its connections to a wider complex of factors, including equality, social capital, community, democracy, and health.
Book Synopsis The Code of Capital by : Katharina Pistor
Download or read book The Code of Capital written by Katharina Pistor and published by Princeton University Press. This book was released on 2020-11-03 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Capital is the defining feature of modern economies, yet most people have no idea where it actually comes from. What is it, exactly, that transforms mere wealth into an asset that automatically creates more wealth? The Code of Capital explains how capital is created behind closed doors in the offices of private attorneys, and why this little-known fact is one of the biggest reasons for the widening wealth gap between the holders of capital and everybody else. In this revealing book, Katharina Pistor argues that the law selectively "codes" certain assets, endowing them with the capacity to protect and produce private wealth. With the right legal coding, any object, claim, or idea can be turned into capital - and lawyers are the keepers of the code. Pistor describes how they pick and choose among different legal systems and legal devices for the ones that best serve their clients' needs, and how techniques that were first perfected centuries ago to code landholdings as capital are being used today to code stocks, bonds, ideas, and even expectations--assets that exist only in law. A powerful new way of thinking about one of the most pernicious problems of our time, The Code of Capital explores the different ways that debt, complex financial products, and other assets are coded to give financial advantage to their holders. This provocative book paints a troubling portrait of the pervasive global nature of the code, the people who shape it, and the governments that enforce it."--Provided by publisher.
Download or read book Social Capital written by Joonmo Son and published by Polity. This book was released on 2020-06-22 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social capital is a principal concept across the social sciences and has readily entered into mainstream discourse. In short, it is popular. However, this popularity has taken its toll. Social capital suffers from a lack of consensus because of the varied ways it is measured, defined, and deployed by different researchers. It has been put to work in ways that stretch and confuse its conceptual value, blurring the lines between networks, trust, civic engagement, and any type of collaborative action. This clear and concise volume presents the diverse theoretical approaches of scholars from Marx, Coleman, and Bourdieu to Putnam, Fukuyama, and Lin, carefully analyzing their commonalities and differences. Joonmo Son categorizes this wealth of work according to whether its focus is on the necessary preconditions for social capital, its structural basis, or its production. He distinguishes between individual and collective social capital (from shared resources of a personal network to pooled assets of a whole society), and interrogates the practical impact social capital has had in various policy areas (from health to economic development). Social Capital will be of immense value to readers across the social sciences and practitioners in relevant fields seeking to understand this mercurial concept.
