Browsing by Subject "Social networks"

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Open Access
Social Networks Behind Trade Credit Guarantee Networks
(University of North Bengal, 31-03-2021) Deshmukh, Jayeeta
Trade on credit is a very common practice among industry participants both in less developed countries and advanced economies. The non-branded readymade garment manufacturing industry in Metiabruz and its adjoining areas of Kolkata is one of the largest such industries in India, where input sellers of the industry often extend trade credit to their buyers, i. e, manufacturer-cum-producers of the industry. In addition to that producers often extend trade credit guarantee facility among themselves and use their own social network for accessing and providing it. Out of a sample of eighty firms in Metiabruz, the seventy-one firms had acted as guarantors for around two to three firms on the average in the last two years, and seventyseven firms had asked around three to four other firms to act as guarantors. It has been seen further from the primary survey that guarantors and the producers, who take trade credit guarantees from them, are tied by various kinds of social relationships and use these social ties for accessing trade credit guarantees. The central focus of the paper is to study the role of social networks behind this trade credit guarantee system. Empirical findings show that the producers who want trade credit guarantees often use their family ties, friendship ties and friends of friends for getting trade credit guarantees. Presence of social networks here enables producers to establish their creditworthiness as a potential borrower to a guarantor and makes this informal credit system a successful one.
Open Access
Strength of Social Ties in Local Labour Market of Kolkata
(University of North Bengal, 2018-03) Deshmukh, Jayeeta
In a world where labour market participants are not anonymous, social networks often play a major part in shaping labour market outcomes. Labour economists have long recognized that social networks play a very important role in shaping labour markets outcomes. Job-seekers often use their personal contacts to get employment-related information or job referrals. This paper provides an example, where workers use social ties to exchange employment information, in the context of the urban formal labour market in Kolkata. Workers are mainly employed in the healthcare sector, IT sector, data analysts, and in other service sectors, including banking sector, education (non-teaching) of Kolkata. The paper finds that a significant percentage of the workers irrespective of their age and gender, hears about the job vacancy through personal connections. This paper further finds that friendship ties are mainly used for searching jobs. Most of the workers hear about the job vacancies from their friends or acquaintances. The paper also finds that a worker, who is a newcomer in the labour market, is likely to get information through one of his direct ties rather than indirect ties. However, indirect ties are important for the workers who change their companies on a regular interval. Moreover, workers hear about employment information from both strong ties and weak ties. The paper also finds the empirical support of evolution of a triad.