{"title":"Financial Inclusion: A Strong Critique","authors":"Peterson K. Ozili","doi":"10.2139/ssrn.3584574","DOIUrl":"https://doi.org/10.2139/ssrn.3584574","url":null,"abstract":"This article presents some criticisms of financial inclusion. It notes that (i) financial inclusion is an invitation to live by finance and leads to the financialisation of poverty; (ii) some of the benefits of financial inclusion disappears after a few years; (iii) financial inclusion ignores how poverty affects financial decision making, (iv) it promotes digital money which is difficult to understand, (v) financial inclusion promotes the use of transaction accounts; (vi) digital money is difficult to understand; and that (vii) some financial inclusion efforts bear a resemblance to a campaign against having cash-in-hand. This study will help policymakers in their assessment of the economic, social, political and cultural factors that hinder financial inclusion as well as the consequence of financial inclusion for society. For academics, this study will provide a critical perspective to on-going financial inclusion debates in the large positivist literature on financial inclusion","PeriodicalId":432454,"journal":{"name":"FinPlanRN: Financial Well-Being (Topic)","volume":"113 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121789523","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Investment Risk for Long-Term Investors","authors":"G. Warren","doi":"10.2139/ssrn.3820435","DOIUrl":"https://doi.org/10.2139/ssrn.3820435","url":null,"abstract":"Investment risk is addressed from the perspective of long-term investors, with key concepts being discussed and methods outlined for evaluating risk over long horizons. The main themes include: the need to focus on shortfall versus objectives and sources of sustained loss, rather than return volatility; the potential influence of path dependence; and the benefit of directly modelling the wealth accumulation process. A framework is presented that decomposes the drivers of wealth accumulation into initial expected returns, discount rate risk, cash flow risk and reinvestment risk. Approaches are highlighted for forming distributions of accumulated wealth, while demonstrating the importance of incorporating prevailing market conditions into any risk analysis. Alternatives to the Standard Risk Measure used for Australian superannuation funds are discussed.","PeriodicalId":432454,"journal":{"name":"FinPlanRN: Financial Well-Being (Topic)","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125437216","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Confirmatory Factor Analysis of Wealth Management Behaviour of Investors","authors":"Priya Solomon","doi":"10.2139/ssrn.3743408","DOIUrl":"https://doi.org/10.2139/ssrn.3743408","url":null,"abstract":"India is ranked among the Top 10 nations in terms of total private wealth held as per Capgemini’s World Wealth report. In 2017, the individual wealth in India expanded to Rs.344 lakh crore from Rs.310 lakh crore in 2016. Individual wealth witnessed a higher growth rate of 10.91% in 2017 against 8.50% in 2016. India also created higher number of high-net-worth-individuals (HNWIs)with a growth rate of 9.5% to 2.19 lakh HNWIs versus the global average of 7.5% and Asia Pacific region’s 7.4% Preference of Indians is also slowly but definitely shifting to financial assets over physical assets on year-on-year basis.<br><br>The aggregate wealth held by Indian High Net worth Individuals (HNWI) (i.e. individuals with investible assets of $ 1 million or more) is expected to grow at a CAGR of 27 percent over next five years to approximately Rs. 400 trillion.<br><br>Wealth advisors and wealth managers need to employ specific strategies for acquisition, service and retention of individual investor clients and at the same time deploy bold, game-changing strategies using data analytics to build business models to provide dynamic innovative investible products.<br><br>This paper seeks to understand the diverse needs and factors influencing wealth management behaviour of the individual investors using descriptive statistics and confirmatory factor analysis.","PeriodicalId":432454,"journal":{"name":"FinPlanRN: Financial Well-Being (Topic)","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116511499","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Partial List of Observations on Longevity and Financial Planning","authors":"A. Nozari","doi":"10.2139/ssrn.2906957","DOIUrl":"https://doi.org/10.2139/ssrn.2906957","url":null,"abstract":"The greatest concern of retirees is to maintain their lifestyle through retirement. They ponder if they have enough money, should they adjust their expenses, how should they invest their savings, and would they be able to leave anything for their children or charity. There are no unique answers to these questions. The answers depend on individual circumstances and references. In this note, we offer a list of observations that might help to provide answers to these important questions.","PeriodicalId":432454,"journal":{"name":"FinPlanRN: Financial Well-Being (Topic)","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129220423","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
