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Emmanuel Olatunbosun Benjamin M.ScWirtschaftswissenschaft
1990 – 1996: I.E.H.S (Nigeria)
1997 – 1999: University of Lodz (Poland)
2004 – 2007: University of Applied Sciences Giessen-Friedberg (Germany)
2009 – 2010: Bergische University of Wuppertal (Germany)
2010 – Till date: Bergische University of Wuppertal (Germany)
Titel und Abstract des Dissertationsprojektes
Financial institutions and trends in sustainable agriculture: Synergy in rural sub-Saharan Africa
Abstract 1: Expansion of operations by rural financial and non-financial institutions in developing countries has prompted the enactment of regulations and emphasis on risk management by national supervisors. However, lending to smallholders especially sustainable framers and financial investment in small-scale climate mitigation and adaptation agriculture has not seen substantially increased. The impact of financial institutions on anti-climate-change agricultural practices and sustainable development has been advocated by a number of researchers. This study examines ways of using the opportunities provided by climate-change to reverse existing disconnect between smallholders and small-scale agribusinesses and financial institutions. Using available literature on sub-Saharan banking, climate change investment and economic development, this paper explores support mechanism for investing in climate-friendly agriculture and the possible integration of mitigation payment into Credit risk management. The collaboration between financial institutions and smallholders is an appropriate foundation for relationship building which will ease credit constraints, improve information asymmetry and increase agricultural investment.
Abstract 2: Two important reasons for the limited access to formal credit experienced by rural small farmers in developing countries are information asymmetry and lack of collateral. For formal lenders, these conditions present a challenge to prudent risk management. Sustainable agriculture in sub-Saharan Africa may abate these challenges. This article extends Katchova and Barry's (2005) risk model to include environmental services cash flow in the asset evaluation of farms in Southern Africa. In the presence of falling land prices, future distance-to-default of carbon-certified smallholders would improve considerably with a default probability of approximately 40% as compared with that without certification.
Abstract 3: The ability of microfinance institutions to identify sound and creditworthy clients in the area of agriculture in developing countries is difficult. The rural poor usually portray their farming activities as successful, even though this may not be the case. This gives rise to issues of adverse selection and loan default. Can certified environmental services (i.e. carbon credits) in rural sub-Saharan Africa provide adequate signalling for project success? This paper applies the standard game theory approach — similar to that set forth in previous publications — to adverse selection in developing countries in connection with certified environmental services. The results suggest that in a separating equilibrium, borrowers with certification (carbon credits) send a positive signal regarding the actual state of their farming activities which may ease adverse selection problems.
Benjamin, O. (2012): Financial lending and investment in sustainable small-scale agribusiness in sub-Saharan Africa: a review of carbon sequestration and welfare benefits. African Journal of Science, Technology, Innovation and Development 4(2):109 – 129
Benjamin, EO. (2013): Credit risk modelling and sustainable agriculture: asset evaluation and rural carbon revenue. Journal of Sustainable Finance & Investment 3(1): 57 – 69 DOI 10.1080/20430795.2013.765382
Benjamin, EO. (2013): Adverse selections and microfinance in rural Africa: signalling through environmental services. Enterprise Development and Microfinance 24(1): 28 – 39 DOI 10.3362/1755-1986.2013.004
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