• Login
    Advanced Search
    • | About us
    • | eJournals
    • | Feedback
    • | Help Guide
    View Item 
    •   KIPPRA PPR Home
    • 3. KIPPRA Research Publications
    • Journal Articles
    • View Item
    •   KIPPRA PPR Home
    • 3. KIPPRA Research Publications
    • Journal Articles
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Firms’ use of formal and informal finance in coping with droughts and floods: experiences from Kenya

    Thumbnail
    View/Open
    FULL tEXT (2.281Mb)
    Publication Date
    2023
    Author
    Shibia, Adan Guyo
    Item Usage Stats
    26
    views
    10
    downloads
    Metadata
    Show full item record
    Abstract/Overview

    This study analysed factors influencing firms’ use of formal and informal finance in coping with droughts and floods. It utilized a cross-sectional survey of 802 mostly Micro and Small Enterprises (MSEs) in 27 counties in Kenya that are prone to droughts and floods. The study covered firms in manufacturing, wholesale and retail trade, and accommodation and food services sectors. Bivariate probit regressions reveal that choice of finance coping mechanisms varies by firm-specific characteristics, sector and locational features. Sectors with predominantly informal firms reveal higher usage of informal finance, signalling vulnerabilities. Micro firms and female-owned firms show dependence on informal finance, while educational attainment of the firm’s owner, location within urban clusters and larger firms are associated with use of formal finance in coping with droughts and floods. The findings reveal that firms’ adaptations to climate change risks require measures to facilitate access to formal finance and promoting interventions tailored around firm-specific variables, sector characteristics and business environment.

    Subject/Keywords
    Climate Adaptation; Enterprises; Coping Strategies; Resilience; Developing Countries; Africa
    Publisher
    The Climate and Development journal
    Series
    Journal Article;2023
    Permalink
    https://repository.kippra.or.ke/handle/123456789/4078
    Collections
    • Journal Articles [23]


    Contact Us | Send Feedback
     
    Related Links
    The National Treasury & PlanningKenya National Bureau of StatisticsMaarifa Centre - An Initiative of the Council of Governors (CoG)Devolution HubKenya Law Reform CommissionParliament of KenyaBrookings Institution

    Browse

    All of KIPPRA PPRCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

    My Account

    LoginRegister

    Statistics

    View Usage StatisticsView Google Analytics Statistics

    Contact Us | Send Feedback