A Study of the Factors Affecting the Growth of Building Societies in Zambia: A Case Study of Building Societies, Banks and Micro-Finance Institutions in Lusaka ()
ABSTRACT
This study examines the factors that affect the
growth of building societies with regards to the housing deficit, in Zambia. It
focuses on the influence of regulatory requirements, socio-economic factors,
environmental considerations and operational requirements. The goal is to gain
an understanding of how these financial institutions develop over time. Through
a regression approach, the study examines
the relationships between independent variables (regulatory, socio-economic,
environmental and operational factors) and the growth of building societies.
The research is based on quantitative data collected from 53 participants from
building societies in Zambia. The findings reveal a significant and positive
relationship between regulatory requirements and building society growth.
Socio-economic factors demonstrate varying degrees
of significance, environmental factors exhibit limited impact, and operational requirements display a weak relationship
with growth. The study highlights the role of frameworks, the multifaceted influence of socio-economic dynamics, the secondary importance of environmental factors and the significance
of operational excellence. In conclusion, this research provides insights into the dynamics that drive building
society growth in Zambia. Policymakers are advised to strengthen frameworks to consider socio intricacies carefully and prioritize operational
efficiency. The implications extend to promoting inclusion, stability and
growth, in Zambia’s evolving landscape.
Share and Cite:
Malilwe, S. and Haabazoka, L. (2024) A Study of the Factors Affecting the Growth of Building Societies in Zambia: A Case Study of Building Societies, Banks and Micro-Finance Institutions in Lusaka.
Open Journal of Business and Management,
12, 993-1020. doi:
10.4236/ojbm.2024.122053.
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