An Uncommon Commons: Government’s Role in Constituting an Unusual Credit Union Deposit Insurance Scheme

While Ostrom-inspired research has proven an important corrective to the simplistic “markets or government” dichotomy that continues to shape social and administrative sciences, this paper uses a case study to suggest that in some circumstances, our understanding of the commons could be enriched by giving more weight to the role governments can play in helping to constitute a human-made commons. In particular, this paper examines the case of a little-known deposit insurance scheme run by credit unions in the Canadian province of Saskatchewan that has operated without once incurring a deficit for 70 years despite offering the kind of unlimited deposit insurance frowned upon by policymakers. We find that the provincial government played an important role in constituting the scheme and helping it operate, effectively, as a polycentric commons that until recently, satisfied all the design principles that tend to characterize successful collective management. The resulting argument is simple: it would be difficult to understand the stability of Saskatchewan’s credit union deposit insurance scheme without also understanding how government supported its operation as a commons

Políticas de crédito y gestión de cobranza en Laboratorios SMA S.A.C. Ate Vitarte

El informe de investigación tuvo como finalidad describir en qué medida las políticas de crédito se relacionan con la gestión de cobranza en la empresa Laboratorios SMA SAC. Para fundamentar la variable política de crédito, se acudió a autores como Gitman y Zutter (2016), Brachfield (2017), y Ross, Westerfiel y Jordan (2018). Para la variable gestión de cobranza se aludió a Córdova (2017), Brachfield (2017) y Uquillas (2019). La metodología empleada fue de tipo aplicado y de diseño descriptivo, correlacional, transaccional. La población de estudio fue conformada por 541 trabajadores y se obtuvo una muestra no probabilística por conveniencia de 50 elementos. Se diseñaron dos cuestionarios para cada variable con 30 preguntas cada una. Fueron validadas por dos especialistas de la Escuela de Administración mediante el Coeficiente de Aiken. La fiabilidad del instrumento se ejecutó con el test de Alpha de Cronbach, obteniendo un resultado de 0,892 y 0,818 para cada una de las variables. Los resultados obtenidos en la prueba de hipótesis mediante el estadígrafo Rho de Spearman, para la hipótesis general el coeficiente de correlación de 0,755 y un Sig. (Bilateral)= 0,000; confirmando el rechazo de la hipótesis nula y la aceptación de la hipótesis alterna. Se concluye que existe relación entre las variables de estudio política de crédito y gestión de cobranza

Are Islamic banks more resilient to financial crises? A critical analysis of Islamic and conventional banks with particular reference to Saudi Arabia

This study seeks to determine whether the regulatory basis and operational structure of the Islamic financial model position it as the front-runner in terms of sustainability and resilience to financial crises. A critical review of the extant literature reveals that Islamic banks have performed better than conventional banks during economic shocks because Islamic banks are less exposed to risks. However, this study maps the profile of financial institutions that are generally resilient to financial crises, and notes that Islamic banks do not match this profile. Nonetheless, an assessment of the risk management strategies of Islamic banks reveals that they are in fact less likely to trigger instability when using profit-loss sharing schemes. The study utilises existing statistical data as part of the inter-disciplinary understanding of the effects of financial crises. The data is derived from various surveys and reports that chart overall performance considering the stressful financial environment of 2007-09 and beyond. This is complemented with original qualitative data that has been collected through surveys that identify the perceptions of key stakeholders in the banking sector on the resilience of their respective banking systems and how those systems could ultimately be improved. The traditional tripartite analysis of knowledge is adopted. The analysis at a generic level reveals that banks using the profit-loss sharing schemes match the profile of institutions that are generally more resilient to financial crises. The analysis at the level of the State reveals that where Islamic banks are accommodated within the same regulatory framework as conventional banks, the former are more resistant to financial shock. Lastly, the analysis at the level of individual banks reveals that the stress testing frameworks of the conventional banks may be rated as less effective than those of Islamic banks