Sonorités n°47

Bulletin de l'association française des archives sonores, orales et audiovisuelles, N° 47 automne 2021

Editorial coordination by Florence Descamps

L'AFAS [Association française des détenteurs de documents audiovisuels et sonores] est une association créée en 1979 sur l’initiative de responsables de fonds d’archives sonores ou de phonogrammes inédits ou édités à vocation de recherche, d’études ou d’usage professionnel. Read More

Son objectif est au départ de réunir institutions et personnes qui s'intéressent à la sauvegarde, au traitement et à la communication des documents sonores et audiovisuels inédits ou édités. En 2014, sur l’impulsion de sa présidente Florence Descamps, l’AFAS conserve son sigle mais change son intitulé pour devenir l’Association française des archives orales, sonores et audiovisuelles et s’ouvrir plus largement aux sciences humaines et sociales. L’association souhaite également reprendre pour son Bulletin l’ancien titre de sa revue thématique créée en 1980 Sonorités, qui devient ainsi Bulletin de l’association française des archives sonores, orales et audiovisuelles. Sonorités.


Paperback - In French 16.00 €

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Specifications


Publisher
AFAS, Association Française des Archives Sonores, Orales et Audiovisuelles
Imprint
AFAS
Contributions by
Rémy Besson, Monika Borgmann, Bernard Ganne, Véronique Ginouvès, Steven High, Sébastien Layerle, Caroline Moine, Rosa Olmos, Constance Pâris de Bollardière, Marina Paugam, Jean-Michel Rodrigo, Lokman Slim, Selma Zghidi,
Editorial coordination by
Florence Descamps,
Collection
Le Bulletin de l'AFAS. Sonorités
ISSN
12467529
Language
French
Publisher Category
Economics and Social Sciences > Political and Social Science
BISAC Subject Heading
SOC000000 SOCIAL SCIENCE
BIC subject category (UK)
J Society & social sciences
Onix Audience Codes
01 General / trade
CLIL (Version 2013-2019)
3080 SCIENCES HUMAINES ET SOCIALES, LETTRES
Title First Published
25 November 2021
Type of Work
Journal Issue

Livre broché


Publication Date
22 May 2013
ISBN-13
9782875581983
Extent
Nombre de pages de contenu principal : 240
Legal Copyright Date
D/2013/9964/13 Louvain-la-Neuve, Belgium
Code
88091
Dimensions
16 x 24 x 1.3 cm
Weight
397 grams
List Price
24.00 €
ONIX XML
Version 2.1, Version 3

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Contents


ACKNOWLEDGMENT I
ABSTRACT III
TABLE OF CONTENTS IV
GENERAL INTRODUCTION . 1
i. The research question and objectives 3
ii. Research assumptions 4
iii. Empirical methodology and the scope of the research . 6
iv. Thesis outline 7
CHAPTER I. THE DEMAND FOR INFORMAL AND ITS COEXISTENCE WITH
FORMAL MICROFINANCE: CONCEPTUAL FRAMEWORK . 11
1.1 Financial informality: an elusive concept . 12
i. The ILO approach 12
ii. The specific law criterion 13
1.2 The economics of financial informality 15
i. Financial dualism: informal finance as a solution of last resort . 16
ii. Informal finance as a deliberate choice . 20
iii. Important remarks with respect to the above theoretical arguments 26
1.3 Informal finance and social influences . 28
i. The social influence a` la Granovetter or "the bandwagon effect" 29
ii. The social effect a` la Polanyi or the reciprocity effect . 31
iii. A global analytical framework: putting things together 33
1.4 Analysing the coexistence of informal and formal microfinance:
substitutability or complementarity . 36
i. Substitutability 36
ii. Complementarity 38
TABLE OF CONTENTS
v
iii. Summing up 41
1.5 Conclusion 43
CHAPTER II. MICRO-ENTREPRENEURS' FINANCIAL LANDSCAPE. 47
2.1 Empirical methodology 48
i. Combining qualitative and quantitative approaches . 48
ii. Method for data collection . 49
iii. Questionnaire design 52
iv. Sample design . 52
2.2 The micro-entrepreneurs' socio-economic characteristics 58
i. Gender, Age and Education 59
ii. The micro-entrepreneurs’ income . 60
iii. The business activities of micro-entrepreneurs . 64
2.3 The micro-entrepreneurs’ financial landscape . 65
i. The Pari (Roscas) . 66
ii. The Cauri d’or . 70
iii. Interest-free loans between relatives & friends 73
iv. The supplier’s credit . 73
v. Formal microfinance . 74
2.4 The magnitude of the micro-entrepreneurs’ financial activity 82
i. Financial enrolment rates . 82
ii. Volume of financial cash flows . 87
2.5 Comparative analytics: informal finance vs. formal finance 90
i. The strengths of the informal financial mechanisms . 90
ii. The weaknesses of the informal financial mechanisms . 92
iii. The price of money . 93
2.6 Conclusion 96
CHAPTER III. UNDERSTANDING THE MOTIVES DRIVING THE FINANCIAL
CHOICES OF THE MICRO-ENTREPRENEURS IN THE PRESENCE OF HYPERBOLIC
PREFERENCES AND SOCIAL INFLUENCES 99
3.1 Conceptual framework: the micro-entrepreneur financial choice rule under
hyperbolic preferences and social influences 100
TABLE OF CONTENTS
vi
i. Hyperbolic preferences 100
ii. The micro-entrepreneur decision problem 102
iii. Social influences and the perceived return/cost 103
iv. Model solution using the Bellman principle of optimality . 106
v. A focus on the effects of quasi-hyperbolic preferences 110
3.2 Empirical Framework. 113
i. Empirical specification 113
ii. The Direct Revelation Method . 114
iii. Empirical techniques 120
3.3 Empirical results 122
i. Correspondence Analysis statistics 122
ii. Results discussion . 126
iii. Summing up: overview of the motives driving the micro-entrepreneurs’ choices
134
3.4 Conclusion 137
CHAPTER IV. COMBINATIVE USE OF INFORMAL AND FORMAL MICROFINANCE:
COMPLEMENTARITY OR SUBSTITUTABILITY? . 141
4.1 The magnitude of the combinative use of informal and formal (micro) finance
among micro-entrepreneurs . 141
4.2 How do the micro-entrepreneurs combine financial mechanisms? . 143
i. A brief note about cluster analysis . 143
ii. Clusters of micro-entrepreneurs 144
4.3 Who is combining informal and formal (micro) finance? 148
i. Empirical specification 148
ii. Results and discussion 149
iii. Robustness check & a note on the use of formal credit 154
4.4 Complementarity or substitutability 158
i. Complementarity 158
ii. Substitutability 161
4.5 Conclusion 163
GENERAL CONCLUSION . 167
TABLE OF CONTENTS
vii
i. The diversity of the micro-entrepreneurs financial landscape 167
ii. The combinative use of informal and formal microfinance . 168
iii. The resilience of informal finance: diversity of motives 168
iv. Informal and formal finance: poor substitutes, weak complements . 170
v. Limited access to formal credit 171
vi. Lessons for microfinance institutions and policymakers . 172
vii. Limits and venues for future research . 177
REFERENCES 179
APPENDICES 193
Appendix 1. A brief review of economic approaches to informality 194
Appendix 2. Information asymmetries a` la Stiglitz & Weiss . 200
Appendix 3. Questionnaire (in French) . 203
Appendix 4. Microfinance institutions in Burkina Faso 218
Appendix 5. Solving for the micro-entrepreneur decision rule 219
Appendix 6. Cross tab clusters vs. Micro-entrepreneurs financial choices 227