International Journal of Social and Administrative Sciences

The effect of crop insurance on the financial risk of smallholder rice farmers in Cameroon

Geraldine Litika — 2024-11-04

This study examined the effect of crop insurance on the financial risk of smallholder rice farmers in the grass field of Cameroon. Panel data from 76 Smallholder rice farming groups from 2019-2022 was used, while the Panel-corrected standard error technique was used for estimation. The results revealed that crop insurance captured using inputs (fertilizers, herbicides, and treated seeds) and land preparation had a positive and statistically significant effect on financial risk. These results validate the risk balancing hypothesis for smallholder rice farmers. Control variables like Farm size and labour had a positive and statistically significant effect, while training cost and buying price had a negative and statistically significant effect on financial risk. The results therefore, indicate that smallholder rice farmers need to adopt crop insurance practices such as use of quality farm inputs and better land preparation techniques in order to manage financial risk.

Aging population in urban India: Challenges and insights from Kolkata

Sreelekha Mazumder — 2024-11-04

In Kolkata, the elderly people represent 11.76% of the total population. Here we present new data on the aging population of Kolkata, and address its causes, and consequences. We interviewed 110 elderly male and female who are living with their family members and in old age homes in Kolkata. The data was collected from low, medium, and high-income groups from three urban housing societies as well as five old age homes. It has been observed that the elderly male and female of the low-income group have no medical and life insurance, and many of them are suffering from health issues. Although females up to 60 years are part of Self-Help Group, males are suffering from Loneliness. The elderly male and female of the medium, and high-income group do not have financial issues, but most of them do not visit doctors and health care centers for regular health check-ups. Digital literacy has to be improved. Elderly people staying in old age homes are mentally and physically much better than their counterparts who live with family members. Analysis of existing government policies reveal scope for improvement of the elderly people. We propose social innovation for the elderly population in Kolkata.

MBTI personality type and financial behavioral bias

Kharisya Ayu Effendi — 2024-11-28

Studies on behavioral financial theory found that the individual investment decision process involves many behavioral biases. This behavioral bias can cause investors to deviate from rational decision-making. The purpose of this study is to see whether there is an influence of gender factors on financial behavioral biases in this study, namely overconfidence bias, herding, and regret aversion. Then this study also aims to see whether MBTI personality types influence financial behavioral biases in this study, namely overconfidence bias, herding, and regret aversion. This study aims to identify the relationship between gender variables, MBTI personality assessments, and financial behavioral biases in investors in Indonesia. To conduct this study, a structured questionnaire was given to 230 respondents at the researcher.populix.co.id as the primary data collection page that includes questions related to gender variables, overconfidence bias, herding bias, regret aversion bias, and MBTI personality assessment. Of the 230 respondents, 182 respondents were accepted and met the analysis requirements. The findings obtained were that the gender factor that had a significant effect on this study was only on overconfidence bias while herding and regret aversion did not have a significant effect. Then the MBTI personality type significantly influenced the three financial behavior biases.