Back to Search
Start Over
Application of structural equation modelling to develop a conceptual model for smallholder's credit access: The mediation of agility and innovativeness in organic food value chain finance
- Source :
- PLoS ONE, Vol 15, Iss 8, p e0235921 (2020), PLoS ONE
- Publication Year :
- 2020
- Publisher :
- Public Library of Science (PLoS), 2020.
-
Abstract
- Developing a conceptual model is vital for small-scale organic farmer’s credit access to sustain the livelihoods. However, smallholders continually face severe problems in getting finance that lead to reduce investment and in turn, challenges the livelihoods. Therefore, the aim of the present study was to establish and empirically test a theoretical model to explore how agility and innovativeness in organic food value chain finance are achieved through ITI, TRST, CG, ICT, and IS, and how these, in turn, can accelerate financial flow in the value chain and enhance competitiveness. The present study used a survey method and collected data from small-scale farmers, traders, and financial institutions. The model and hypothesis are tested using data obtained from 331 respondents through partial least square structure equation modeling techniques. We argue that development of theoretical model show potential to increase creditworthiness of smallholders and overcome uncertainties that impede traditional value chain credit arrangement. Thus, the present study could provide new ways to integrate the value chain partners, through information and communication technology and governance arrangements in the organic food value chain financing. This study demonstrates that the mediations of innovativeness and agility significantly affect the development of new financial products to make agile the financial flow, which in turn positively influences value chain competitiveness. Significant judgments are required for trustworthy relations among the value chain partners to positively harness innovative product development for swifter value chain finance. Therefore, this theoretical model should not be regarded as a quick solution, but a process of testing, error, and learning by doing so.
- Subjects :
- Economics
Social Sciences
Sociology
Medicine and Health Sciences
Pakistan
media_common
Organic Agriculture
Farmers
Multidisciplinary
Corporate governance
05 social sciences
Agriculture
Agricultural Methods
Organic Farming
Professions
Value (economics)
Telecommunications
Agricultural Workers
Engineering and Technology
Medicine
Food, Organic
Research Article
Agile software development
media_common.quotation_subject
Science
Agricultural Production
0502 economics and business
Humans
Asymmetric Information
Least-Squares Analysis
Value chain
Financial services
Nutrition
Finance
business.industry
Biology and Life Sciences
Information Economics
Communications
Diet
Learning-by-doing (economics)
Public Finance
Food
Multivariate Analysis
People and Places
New product development
Money Supply and Banking
Conceptual model
Population Groupings
050211 marketing
Business
050203 business & management
Subjects
Details
- Language :
- English
- ISSN :
- 19326203
- Volume :
- 15
- Issue :
- 8
- Database :
- OpenAIRE
- Journal :
- PLoS ONE
- Accession number :
- edsair.doi.dedup.....05c15d9e614bd01f1a0d52d1e069631e