Philanthropy and Economic Development: New Roles and Strategies

Giloth, Robert

doi:10.1177/0891242419839464

Cited by 23 publications

(17 citation statements)

References 13 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Literature is full of evidence that literacy or financial literacy fully contribute to financial inclusion [3,29,31,39,40,63,66,89]. However, there is also evidence that financial stability is linked with financial literacy and financial inclusion [11,27,35,44,54,77]. Therefore, this study proposes empirically testing the mediating role of financial stability in the financial literacy and financial inclusion:…”

Section: Review Of Literaturementioning

confidence: 99%

“…UPI can be used in more than one way, which is an innovation to suit the Indian requirement especially to the hoi polloi. The studies which cover UPI are mainly for Open-API and its relevance of the banking or for the financial transaction [5,6,35,44,99]. The serious requirement of assessment of the situation study and lack of any study on such lines are the main motivation of this study.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Unified Payment Interface (UPI): A Digital Innovation and Its Impact on Financial Inclusion and Economic Development

Rastogi¹,

Panse²,

Sharma³

et al. 2021

ujaf

View full text Add to dashboard Cite

UPI (Unified Payment Interface) platform has been used especially in India since 2016. This paper is aimed at exploring how UPI is impacting, financial literacy, financial inclusion and the economic development of the poor in India. Structured equation modelling is applied in the paper to explore the path analysis of the relevant construct to establish the relationship. A structured questionnaire of interval scale was administered to gather the data for the study. It is found that UPI is impacting the financial literacy. In addition to that, it is found that financial literacy is significantly impacting financial inclusion which in turn is significantly causing economic development. Moreover, the significant association of financial literacy to financial inclusion is partially mediated by financial stability and the significant association of financial inclusion to economic development is also partially mediated by trust. The main implication of the study is that UPI is helping people in more than one way. It is not only supporting the financial literacy but also contributing to financial inclusion and economic development of the poor, indirectly. Therefore, policy makers can use the findings of this study to frame policies for UPI more effectively in the future. This study is unique as no other study is observed on the linkage of UPI with financial literacy, financial inclusion and economic development of the poor.

show abstract

Section: Review Of Literaturementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Unified Payment Interface (UPI): A Digital Innovation and Its Impact on Financial Inclusion and Economic Development

Rastogi¹,

Panse²,

Sharma³

et al. 2021

ujaf

View full text Add to dashboard Cite

show abstract

“…While the initiatives or other support may often come from executive function, mayors do not have to create these functions from a scratch, and there are additional resources provided by non-profits and philanthropy. In addition to the Kauffman Foundation, Surdna, Annie E. Casey Foundations, and Casey Family Programs are known to collaborate with local governments, and provide funding as well as resources (Giloth, 2019). Other non-profit organizations, such as the National League of Cities and PolicyLink, also provide key resources and best practices.…”

Section: Discussionmentioning

confidence: 99%

Beyond formal policies: Informal functions of mayor’s offices to promote entrepreneurship

Motoyama

2020

Local Economy

View full text Add to dashboard Cite

Scholars of economic development have generally concluded that local governments have limited capacities, due to their limited resources and orientation toward short-term growth output. In addition, past studies have predominantly examined explicit and formal policies or programs. However, there are other informal yet important dimensions of local governments that can promote economic development. By bringing in examples of mayor’s offices in the context of entrepreneurship in the U.S., this article explores and highlights four major informal functions those municipal offices can perform: (1) setting the priorities, (2) offering a clearinghouse, (3) connecting and coordinating people, and (4) appointing key personnel. Each function does have consequences, and a combination of the functions can significantly contribute to entrepreneurial activities in the local area. While evaluation of effectiveness will be difficult, scholars ought to conduct more exploratory research to understand those potentially significant functions of government for economic development, which includes qualitative dimensions that broadly affect individuals, firms, communities, and regions.

show abstract

“…In the US, foundation funding for CED rose by 160% between 2004 and 2016, while federal government funding declined by 57% over the same time (Thomson, 2020). By the end of the period, philanthropic funding for CED exceeded that of federal government in several large cities, strengthening the hand of market‐oriented philanthropists in place‐based decision‐making (Giloth, 2019; Lindemann, 2019; Thomson, 2020). Public education reform meanwhile has been a singular focus for market‐oriented philanthropy over the past two decades in both the US and UK.…”

Section: Types Of Elite Philanthropymentioning

confidence: 99%

Elite philanthropy in the United States and United Kingdom in the new age of inequalities

Maclean

Harvey

Yang

et al. 2021

Int J Management Reviews

View full text Add to dashboard Cite

Elite philanthropy—voluntary giving at scale by wealthy individuals, couples and families—is intimately bound up with the exercise of power by elites. This theoretically oriented review examines how big philanthropy in the United States and United Kingdom serves to extend elite control from the domain of the economic to the domains of the social and political, and with what results. Elite philanthropy, we argue, is not simply a benign force for good, born of altruism, but is heavily implicated in what we call the new age of inequalities, certainly as consequence and potentially as cause. Philanthropy at scale pays dividends to donors as much as it brings sustenance to beneficiaries. The research contribution we make is fourfold. First, we demonstrate that the true nature and effects of elite philanthropy can only be understood in the context of what Bourdieu calls the field of power, which maintains the economic, social and political hegemony of the super‐rich, nationally and globally. Second, we demonstrate how elite philanthropy systemically concentrates power in the hands of mega foundations and the most prestigious endowed charitable organizations. Third, we explicate the similarities and differences between the four main types of elite philanthropy—institutionally supportive, market‐oriented, developmental and transformational—revealing how and why different sections within the elite express themselves through philanthropy. Fourth, we show how elite philanthropy functions to lock in and perpetuate inequalities rather than remedying them. We conclude by outlining proposals for future research, recognizing that under‐specification of constructs has hitherto limited the integration of philanthropy within the mainstream of management and organizational research.

show abstract

Philanthropy and Economic Development: New Roles and Strategies

Cited by 23 publications

References 13 publications

Unified Payment Interface (UPI): A Digital Innovation and Its Impact on Financial Inclusion and Economic Development

Unified Payment Interface (UPI): A Digital Innovation and Its Impact on Financial Inclusion and Economic Development

Beyond formal policies: Informal functions of mayor’s offices to promote entrepreneurship

Elite philanthropy in the United States and United Kingdom in the new age of inequalities

Contact Info

Product

Resources

About