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This study investigates how finance contributes to socioeconomic development through an inclusive financial system and the impact of financial inclusion programs pursued by non-bank financial institutions (NBFIs) in Ghana.

In this study, we leverage a rich, nationally representative household survey (ICPSR, 2014) from 17 Ghanaian MFIs (1,629 households), sponsored by the World Bank, to analyze microfinance impacts using a generalized method of moment (GMM) and channel analysis.

Our findings reveal a statistically significant positive impact of donor-funded financial inclusion projects on targeted households’ welfare, regardless of implementing agency (donor, government or microfinance institution). The channel analysis further suggests that credit unions and savings and loan (S&L) institutions may be particularly effective conduits for delivering these welfare gains through financial inclusion programs. These findings hold valuable insights for funders seeking to maximize the welfare impact of such interventions: credit unions and S&Ls may be preferential channels for delivering financial inclusion programs aimed at improving household well-being.

The poverty-reducing impact of informal non-bank financial intermediaries like credit unions and susu groups highlights the need for policies that integrate these institutions into the formal financial system. Therefore, donor-funded initiatives should not rely solely on local government implementation. Since the focus of this study is on Ghana, we caution readers to exercise caution when generalizing the findings to other jurisdictions.

The World Bank/IMF-backed financial sector reform in Ghana has many important implications for financial inclusion and welfare impacts which are rare in other jurisdictions. Our finding has policy implications for agencies that wish to translate financial inclusion into significant economic inclusion, especially in middle- and low-income countries (LICs) where the COVID-19 pandemic and the global impact of the recent war in Ukraine could exacerbate the exclusion gap.

The focus of this study is to understand if MFIs, funded by different sources, can contribute to inclusive growth and welfare. This research employs channel analysis, considering that donor and government programs are often channeled through community-based NBFIs and offer key contributions to the existing body of knowledge on financial inclusion and household welfare. This study extends the current literature by providing a deeper understanding of the role of each NBFI type in deepening financial inclusion and improving household welfare and allows policymakers, donors and governments to target inclusion efforts for maximum impact.

This paper provides a systematic review of literature pertaining to the welfare impact of financial inclusion. We identify the 50 most influential publications in the field that have evolved into three distinct categories, each of which we critically review to identify the main contributions of this research area.

By conducting a state-of-the-art literature review, this paper identifies the most influential papers in the research fields on the welfare impact of financial inclusion. One caveat is that as newer publications generally have fewer citations, reviewing prior work can result in a misleading account of emerging trends and research directions. Manual assessment of publications after 2018 facilitates a discussion of important emerging research trends and their directions.

The three key research streams are identified as financial services and financial accessibility, financial capability, and financial literacy and household welfare. By assessing publications from 2018 to 2023, we also document four key emerging research trends: Fintech and digital financial inclusion, sustainability and climate change, growth, poverty, income inequality, financial stability, and Entrepreneurship. Drawing on these emerging trends, we highlight the opportunities for future research.

Keyword searches have limitations as some papers might be overlooked if they do not match the specific search criteria, despite their relation and significance to the overall topic of the welfare impact of financial inclusion. To address this issue, we have expanded this review by incorporating more literature from other databases, such as the Scopus database which may alleviate this issue.

The three key research streams contribute to a comprehensive understanding of the welfare impact of financial inclusion. The emerging trends integrate existing knowledge and leave the chance for innovative research to expand the research frontier.

This paper fulfils the systematic literature review streams in the welfare impact of financial inclusion and provides fruitful opportunities for future research.

Although many health and safety (H&S) studies have widely examined safety risk perception in the construction industry, few studies have explored how this perception influences site workers' risk-taking behaviours during construction. This study aims to examine how construction site workers perceive and judge safety risks in risk-taking behaviours of site workers for intervention safety policy framework that may encourage safe work.

The study employed Pictorial-based Q-Methodology, which documented 63 picture scenarios of risk-taking behaviours from building sites and submitted them for validation from H&S inspectors. In total, 33 pictures emerged as having great potential to cause harm. After using these 33 pictures to elicit data from randomised site workers, the study used Frequency Tabulation, Relative Importance Index (RII) and Kruskal–Wallis Test to analyse the collected data. To fully explain the analysed data for deeper understanding, the study conducted Focus Group Discussions (FGDs) with these site workers to share the thoughts of site workers on these pictures.

Two distinctive pictures emerged from these analyses: one showing risk-taking behaviour likely to contract internal and skin disease and the other likely to fall from height. One of the implications is that construction site workers are unfamiliar with the dangerous contaminants in the materials the site workers use to work, which can potentially harm the site workers' skin and internal organs. Hence, site workers continue engaging in risk-taking behaviours. The other is that site workers are aware of and can mention catastrophic physical injuries attached to site workers' jobs. However, site workers continue engaging in risk-taking behaviours because of site workers' safety plights and rely on the favour and mercies of a supreme being as coping strategies to escape from these physical injuries.

This study is original in that the study uses picture scenarios of risk-taking behaviours to amass an empirical-based understanding of how site workers perceive and respond to H&S risks during construction. This piece of evidence is missing in the numerous research studies in this area. Again, the findings contribute to the state-of-the-art literature regarding risk-taking behaviours on construction sites.

As construction project designs grow in complexity, the challenges associated with project monitoring also escalate. Therefore, it is recommended that cutting-edge technologies like unmanned aerial vehicles (UAVs) be incorporated to alleviate some of the issues encountered during the execution of construction projects. This paper examines the utilisation and barriers of UAV applications for health and safety (H&S) management in the construction industry.

Adopting a quantitative method for the study, data were collected from 408 construction professionals in the Ghanaian construction industry (GCI) with a questionnaire using the convenience and snowball sampling techniques. The collected data were analysed using both descriptive and inferential statistics.

The study reveals a low level of UAV adoption in the GCI, with most firms not using UAVs for H&S management. Key barriers identified include technical challenges, high costs, lack of training, limited government support and resistance to new technologies. Despite the recognised potential of UAVs in improving construction safety, their adoption remains limited due to these obstacles. Conclusively, this study recommends measures that would propel the espousal of UAVs for H&S management in the construction industry.

The results of this research shed light on a relatively unexplored area within the construction sector, particularly in a developing country like Ghana. By providing empirical evidence and insights, the study contributes to the broader understanding of how innovative technologies can be leveraged for H&S management in emerging economies.

Construction remains a male-dominated industry with marked occupational segregation. Based on Gottfredson’s Circumscription and Compromise theory of career development, the purpose of this study is to outline the range of occupational alternatives that Building Engineering students in Andalusia (Spain) find acceptable for their future careers. These alternatives enable an analysis to be performed regarding the extent to which such segregation is related to their possible career aspirations.

A sample of 704 Spanish final-year Building Engineering students was drawn from a survey administered in person to all students attending each compulsory subject. A cluster statistical analysis was carried out to study how they are grouped according to their occupational preferences and perceived career barriers.

Men might choose their career options with a low level of compromise, and their range of satisfactory occupations corresponds to their main preferences: “Technical project drafting and development”, “Technical site management” and “Production site management”. Women, showing a higher perception of career barriers, have to exercise a higher compromise on their preferred options. They are likely to sacrifice their field of interest for the sake of prestige and are more likely than men to give up prestige to preserve options more closely related to their gender such as “Technical project drafting and development” and “Risk prevention and Health and Safety”. “Technical site management” shows the greatest perceived barriers, but its high preference level and the associated prestige render it likely to form part of the range of career aspirations for women. The employment options that women and men aspire to are more similar while they are still at university than when they later join the labour market. It is concluded that occupational segregation is a complex phenomenon that must be addressed from different perspectives. The responsibility of the business community is highlighted, and the implementation of actions in higher education is suggested.

The research contributes to the career development body of knowledge in male-dominated and gender-segregated occupational fields within STEM (Science, Technology, Engineering and Mathematics). The focus is on the Building Engineering profession which remains largely under-researched

This paper aims to investigate the Occupational Safety and Health (OSH) management practices of construction companies in South Korea to ascertain specific components and practices that need improvement for successful OSH performance.

A quantitative research strategy was adopted. A close-ended questionnaire survey covering 45 OSH management practices was sent to 324 contractors; 108 responses were gathered, representing a response rate of 33.3%. Data were analysed using simple descriptive statistics (frequencies and percentages) and Pearson’s chi-square test.

The findings revealed that there is a moderate level of implementation of OSH management practices among construction firms in South Korea. However, there is a significant disparity in terms of implementation between large enterprises on the one hand and small to medium enterprises on the other. Furthermore, a few of the business characteristics (i.e. the size of companies and certification to OHSAS 18001) were closely associated with the extent of the implementation of OSH management practices.

This research uncovers the OSH management practices that are poorly implemented and lays the foundation for appropriate measures to improve OSH in South Korean construction companies. It suggests an effective strategy for communicating health and safety issues to workers, training safety managers, reviewing risk assessments, reviewing the health and safety plan, incentivising workers by rewarding good behaviour and having a penal mechanism for employees not adhering to the rules.

The study provides insights into an under-investigated South Korean construction industry topic. It offers additional insight into state-of-the-art health and safety management practices in the construction industry in South Korea. Furthermore, it establishes which components of OSH management practice require improvement in the Korean context. This is also one of the few studies in OSH which establishes the association between the construction business characteristics and OSH management in the South Korean construction domain.

In the modern era, the concept of sustainability has become pervasive, permeating various sectors, including the construction industry. Driven by growing environmental concerns, construction organizations are increasingly compelled to seek operational excellence while realigning their practices towards environmental sustainability goals. Hence, this paper investigates the capability of lean construction (LC) principles in enhancing environmental performance (EP) within the construction industry using a structural equation modeling (SEM) approach.

The study employs SEM to explore the relationship between LC components and environmental performance factors in the construction context. This methodology integrates both empirical and qualitative analyses within a structured framework to explore the relationship between LC components and EP factors in the construction context. By collecting and statistically testing data from 307 Moroccan construction companies, the study evaluates the impact of five LC principles – process transparency and standardization, continuous improvement, waste elimination, planning and scheduling and material flow and pull – on four environmental performance indicators: material use, energy consumption, non-product output and pollutant releases.

The analysis reveals that, among the five LC principles – process transparency and standardization, continuous improvement, waste elimination, planning and scheduling and material flow and pull – the principles of waste elimination and planning and scheduling significantly contribute to environmental improvements. These practices were shown to impact positively four environmental performance indicators: material use, energy consumption, non-product output and pollutant releases.

This research fills a critical gap in empirical studies on the beneficial effects of LC practices on environmental sustainability in the construction industry. It provides theoretical insights and practical recommendations for managers and practitioners to effectively implement LC principles, thereby promoting more efficient and sustainable practices, particularly in developing countries.

This paper aims to identify industry drivers and priorities that influence decision-making towards adopting environmentally sustainable (ES) features in stadiums. An “Environmentally Sustainable Stadium (ESS) Process Model” is proposed to track ES features throughout their life cycle, guiding planning, designing, construction, operation and management.

Data were collected through 20 online semi-structured interviews with experts from sustainability, built environment, stadium management, mega-event planning and management and researchers. The experts’ project experiences spanned across Oceania, North America, South America, Asia and Europe. The data were recorded and transcribed through Teams and analysed using NVivo 11 application software.

Stadium’s ES features predominantly focus on energy, waste and materials management with some emphasis on carbon emission reductions and renewable energy sources. Emerging focus areas include flexible designs, audience (or fans) and community engagement, circular economy principles and integration with nature. Key drivers for adopting ES features include legislation and other sector-based requirements, competitive advantages and stakeholder pressures. ES feature success depends on owner support, budget, partnerships, expertise and opportunities. Major barriers include stakeholder diversity, infrastructure limitations and limited stadium-specific requirements.

This paper proposes a six-step “ESS Process Model” to support the stadium industry to holistically integrate ES features, from the initial decision-making to the implementation, ongoing improvement and stakeholder engagement. The model helps stakeholders to identify opportunities, navigate challenges and achieve continual improvement.

The ESS process model is a novel approach to integrate ES features in stadiums, through enhancing collaboration among stakeholders and overcoming challenges in choosing, implementing and maintaining ES features.

Carbon emissions trading is an effective instrument in reducing greenhouse gas emissions. There is a notable scarcity of comprehensive reviews on the modelling techniques within carbon trading research in construction.

This paper reviews 68 relevant articles published in 19 peer-reviewed journals using systematic search. Scientometric analysis and content analysis are undertaken.

Generally, China was the largest contributor to carbon trading research using quantitative models (representing 36% of the total articles). From the results, the modelling techniques identified were multi-objective grasshopper optimisation algorithm; system dynamics; interpretive structural modelling; multi-agent-based model; decision-support model; multi-objective chaotic sine cosine algorithm; optimised backpropagation neural network; sequential panel selection method; Granger causality test; and impulse response analysis. Moreover, the advantages and disadvantages of these techniques were identified. System dynamics was recommended as the most suitable modelling technique for carbon trading in construction.

This study is significant, and through this review paper, practitioners can easily be more familiar with the significant modelling techniques, and this will motivate them to better understand their uses.

The purpose of this article is to increase understanding of the relationship between parent-teacher associations (PTAs) activities and school-community development, with a particular emphasis on the ways in which PTAs are utilized as supplemental or alternative sources of funding or support for school self-development initiatives.

The article is based on a case study conducted in two Ghanaian elementary schools. Field notes, in-depth interviews and observations of PTA members (n = 21) and activities make up the data. The article theoretically adopts a community development practice that is predicated on promoting solidarity and agency by upholding the ideas of felt needs, self-help and participation.

The study revealed that PTA initiatives can improve the diversity of activities available within a school while also building the skills and capacity of local communities and enabling individuals to make social connections. The study mainly recommended that in making educational systems resilient, such school-community-based resources of resilience should be preserved, fostered and valued.

The findings are practically relevant to local school managers and other stakeholders involved in school leadership, promoting the relationships between PTAs, school management, children’s well-being and community development, particularly in sub-Saharan African schools like those in Ghana.

This article explores PTA’s involvement in school-community development in Ghana, a relatively under-researched area in this approach, using a community development practice approach, highlighting PTA’s impacts, implementation and challenges at elementary schools in the post-COVID era.