A study on the determinants of financial exclusion among Pasay City households covering the period 2011 using CBMS data

Date of Publication

2013

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Commerce Major in Management of Financial Institutions

Subject Categories

Finance and Financial Management

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management

Thesis Adviser

Junette A. Perez

Defense Panel Chair

Michael Manalang

Defense Panel Member

Camille Concepcion

Abstract/Summary

Being the backbone of an economy, access to finance proves to be an integral part of channellng funds to its most productive uses. Access to finance is defined as availability of a supply of reasonable quality financial services at reasonable costs, where reasonable quality and reasonable cost have to be defined relative to some objective standard, with costs reflecting all pecuniary and non-pecuniary costs (Claessens, 2006). Given this, the issue of financial exclusion arises. The researchers choose to define financial exclusion as a process that prevents individuals from accessing credit from mainstream and or formal financial institutions. As a result of this process, many individuals often resort to informal credit through loan sharks, pawnshops, etc.

In this study, the researchers seek to find the factors that could determine financial exclusion in the local level by restricting each household as a unit of observation. This brings the assumption that it is the head of the household that most influences the decision to borrow.

Results of the study show that heads of households being female (assuming all variables are constant) increases the probability of financial exclusion. Other variables such as number of dependents under a household head and a household head being a part of an indigenous group also show a positive relationship on being financially excluded. On the other hand, the variable income shows a negative relationship on being financially excluded (as income increases the probability of being excluded is lessened).

Abstract Format

html

Language

English

Format

Print

Accession Number

TU21655

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

78, [50] leaves : illustrations (sme color)

Keywords

Financial exclusion--Philippines--Pasay City; Finance--Philippines--Pasay City

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