Funding Gap Research Articles

Were the self-employed less happy than waged employees during the COVID-19 pandemic? Evidence from the Gallup World Poll

PurposeThe COVID-19 pandemic created not only a public health crisis but also the largest disruption to the global economies. The purpose of the paper is to investigate the adverse impacts of the pandemic on self-employment including job loss, income reduction and cut back in work hours and how these impacts were related to the well-being the self-employed. The authors also examine how self-employers responded to adversity in different cultural settings.Design/methodology/approachThe main sample was obtained the Gallup World Poll that covers more than 39,000 individuals across 55 countries over the period from October 2020 to June 2021. The ordinary least square was the main choice of methodology. The paper employs the Oaxaca-Blinder decomposition technique to quantify the gap in financial loss between self-employed and employed individuals. Finally, the moderated mediation analysis allows the authors to examine how financial loss mediates the reduction in well-being of self-employers.FindingsThe paper finds that self-employers were 29% more likely to lose their businesses than paid individuals to lose their jobs and perhaps as a result, they were 50% more likely to experience lower work hours and less income. The findings suggest that the impact of the COVID-19 pandemic varied across countries. The financial gap between self-employment and full-time employment was narrower in countries with individualism, low uncertainty avoidance and propensity for long-term future. Finally, the paper shows that although financial loss associated with the coronavirus situation mediated the relationship between self-employment and reduced wellbeing, the positive relationship between self-employment and life satisfaction (wellbeing) held amid the pandemic. Despite all the pecuniary setbacks relative to full-time employment, self-employers report higher subjective wellbeing than regular wage earners during difficult times.Practical implicationsThe earnings gap between self-employers and employees persists (and increase) during adverse conditions may cast into doubt the efficiency of the economic system that ensures no one is left behind. In addition, contextual factors such as cultural values should also be taken into consideration in reducing the earning gap between self-employment and regular employment. It is also implied that the self-employed choose to engage in self-employment due to psychological and emotion benefits rather than material achievements.Originality/valueThis study has quantified the income gap between self-employment and employed individuals in the context of adverse economic conditions. This study also highlights the fact that despite all the financial setbacks, self-employers are happier than employed individuals and they engage in self-employment as an important way to pursue happiness. This highlights well-being as the critical non-pecuniary benefits of the career choice of and transition into self-employment that have been confirmed in extant entrepreneurship literature.

Unlocking the Potential of Microfinance Solutions on Urban Woman Entrepreneurship Development in East Africa: A Bibliometric Analysis Perspective

Empowering women is essential for poverty alleviation and open involvement of woman entrepreneurs in line for entrepreneurship development. Nonetheless, several woman-led enterprises and woman entrepreneurs have scarce opportunities to revitalize beyond the dearth of financial services to realize financial freedom. This article’s approach hinges on a bibliometric analysis to survey recent developments and trends in microfinancing woman-owned enterprises and how this field is expected to transform to recent financial technological progress over successive years. We review existing evidence from 402 published articles indexed in the Scopus database from January 2003 to March 2023 to explain the current research development and interrelated prospects for enhancing studies on microfinance for woman entrepreneurship. The results vividly indicate that access to a stream of microfinancing credit is fundamental to the prosperity of urban woman-led enterprises across all countries. Despite this, woman entrepreneurs still encounter several obstacles when starting new businesses or expanding existing ones. With a growing demand for substantial sums of external financing to transition to sustainable business practices, their contribution to sustainable development is most often unreachable. Thus, any financing strategies focused on allowing access to microfinance credit by woman entrepreneurs are necessary to enable this sector to receive the benefits of economic freedom. This study offers good insights for current and potential entrepreneurs to bridge the financing gaps in emerging economies as a strategy for strengthening the capability of woman entrepreneurs to pursue economic opportunities that can inspire sustainable business enterprises and contribute to sustainable development. Finally, the study provides a foundation for future research in the domain of entrepreneurial financing for MSMEs.

An Analysis on the Performance of Electronic Payments Systems in India Using the TOPSIS Method

In recent years, India's electronic payment systems have undergone a substantial expansion and transformation. Digital payments are now more common in the nation because to a number of government programmers and technology developments. This introduction gives a summary of how well India's electronic payment systems perform while underlining the major elements that have contributed to their success. The implementation of programmers like demonetization in 2016, which aimed to lessen the reliance on physical currency and boost digital transactions, has expedited India's transition to a cashless economy. Economic Impact: A nation's economy is greatly influenced by the use of electronic payment systems. Examining their success in India offers information about the development and uptake of digital transactions, the transition to a cashless society, and the effects on financial inclusion. Such study aids informing financial policy and strategy decisions by regulators, economists, and industry professionals about the economic effects of electronic payments. Financial Inclusion: A key element of inclusive economic development is access to financial services and goods. Examining how electronic payment systems operate in India can help determine how effective they are at promoting financial inclusion, especially for underprivileged people. Targeted actions and legislative changes to close the financial gap can result from an understanding of the challenges and opportunities associated with digital payments.The process for examining the effectiveness of electronic payment systems in India might include a number of processes and research techniques. Here is a recommended approach. Decide on a clear study objective, such as assessing the effectiveness, uptake, or effects of electronic payment systems in India. Gather pertinent “data from a variety of sources, such as government reports, business magazines, academic journals, and financial organizations”. Data can contain user demographics, transaction volumes, values, trends, and technological infrastructure.“E-payment systems,ATM, Mobile Money, Net Banking, Credit (Debit)card”.“Reliability, Ease of use, Responsiveness. Security, Usefulness, Cost”.Mobile Money achieves the highest rank of 1, followed by ATM at rank 2, Credit (Debit) card at rank 3, and Internet Banking at rank 4.Mobile Money achieves the highest rank of 1, followed by ATM at rank 2, Credit (Debit) card at rank 3, and Internet Banking at rank 4.by using TOPSIS method we obtained ranks for the performance of e payments system in India.

The costs and financing needs of delivering Kenya's primary health care service package.

For many Kenyans, high-quality primary health care (PHC) services remain unavailable, inaccessible, or unaffordable. To address these challenges, the Government of Kenya has committed to strengthening the country's PHC system by introducing a comprehensive package of PHC services and promoting the efficient use of existing resources through its primary care network approach. Our study estimated the costs of delivering PHC services in public sector facilities in seven sub-counties, comparing actual costs to normative costs of delivering Kenya's PHC package and determining the corresponding financial resource gap to achieving universal coverage. We collected primary data from a sample of 71 facilities, including dispensaries, health centers, and sub-county hospitals. Data on facility-level recurrent costs were collected retrospectively for 1 year (2018-2019) to estimate economic costs from the public sector perspective. Total actual costs from the sampled facilities were extrapolated using service utilization data from the Kenya Health Information System for the universe of facilities to obtain sub-county and national PHC cost estimates. Normative costs were estimated based on standard treatment protocols and the populations in need of PHC in each sub-county. The average actual PHC cost per capita ranged from US$ 9.3 in Ganze sub-county to US$ 47.2 in Mukurweini while the normative cost per capita ranged from US$ 31.8 in Ganze to US$ 42.4 in Kibwezi West. With the exception of Mukurweini (where there was no financial resource gap), closing the resource gap would require significant increases in PHC expenditures and/or improvements to increase the efficiency of PHC service delivery such as improved staff distribution, increased demand for services and patient loads per clinical staff, and reduced bypass to higher level facilities. This study offers valuable evidence on sub-national cost variations and resource requirements to guide the implementation of the government's PHC reforms and resource mobilization efforts.

Evaluating the role of banking efficiency, institutions and financial development for sustainable development: Implications for Belt and Road Initiative (BRI).

This study explores the relationship between banking efficiency and financial development in the Belt and Road Initiative (BRI) economies from 2007 to 2018. The study employs three dimensions to assess financial development: (i) depth, (ii) stability, and (iii) efficiency. In the initial stage, BRI banking efficiency is quantified using Data Envelopment Analysis (DEA). Subsequently, the Generalized Method of Moments technique is applied to identify the connection between banking efficiency and financial development. The study employs fundamental structural benchmarks to evaluate disparities between actual financial development indicators and predicted values. Banking efficiency plays a crucial role in determining the depth, stability, and efficiency of financial development within BRI economies and is pivotal in closing these gaps. Strong institutional frameworks also support the advancement of the BRI's financial development sector. Moreover, foreign direct investment positively impacts reducing financial development gaps and promoting growth in the financial sector. The study concludes that BRI member countries should prioritize banking industry reforms to enhance the stability, depth, and efficiency of their financial sectors.

Data-Driven Fundraising: Strategic Plan for Medical Education.

Higher education institutions, including medical schools, increasingly rely on fundraising to bridge funding gaps and support their missions. This paper presents a viewpoint on data-driven strategies in fundraising, outlining a 4-step approach for effective planning while considering ethical implications. It outlines a 4-step approach to creating an effective, end-to-end, data-driven fundraising plan, emphasizing the crucial stages of data collection, data analysis, goal establishment, and targeted strategy formulation. By leveraging internal and external data, schools can create tailored outreach initiatives that resonate with potential donors. However, the fundraising process must be grounded in ethical considerations. Ethical challenges, particularly in fundraising with grateful medical patients, necessitate transparent and honest practices prioritizing donors' and beneficiaries' rights and safeguarding public trust. This paper presents a viewpoint on the critical role of data-driven strategies in fundraising for medical education. It emphasizes integrating comprehensive data analysis with ethical considerations to enhance fundraising efforts in medical schools. By integrating data analytics with fundraising best practices and ensuring ethical practice, medical institutions can ensure financial support and foster enduring, trust-based relationships with their donor communities.

Residents' willingness to pay for renewable electricity can bridge the gap in financing for renewable electricity development in China

The current state in China is characterised by an increased demand for renewable electricity due to energy shortage and emission reduction targets. This study utilises the contingent valuation method (CVM) to investigate provincial residents' willingness to pay (WTP) for renewable electricity and employs the geographically weighted regression (GWR) model to analyse the spatial heterogeneity of influencing factors. The average WTP for renewable electricity among Chinese residents is 0.85 yuan/kWh, surpassing the current electricity price of 0.5 yuan/kWh. Reducing air pollution and the occurrence of haze is prioritised by residents (66.89%), followed by saving fossil energy and avoiding energy crises (10.09%), and reducing carbon emission and mitigating climate change (22.04%). Chinese residents pay more attention to the immediate impacts of renewable electricity on personal well-being and quality of life. Factors such as economic status, education background, air quality, health concerns, and environmental crisis awareness significantly influence WTP, with spatial disparities further compounding these effects. Sensitivity to economic level and air quality was observed in the southeast, while the southwest showed sensitivity to air quality, and the northwest exhibited sensitivity to environmental awareness. These findings suggest that residents' adoption of renewable electricity could partially alleviate China's funding gap in this sector. Recognising the factors that shape WTP provides a strategic pathway to enhance residents' financial support for renewable electricity initiatives.

Recovering lost tax to meet the health financing gap for universal public sector health systems in East and Southern Africa

IntroductionUniversal healthcare services funded through taxation and free at point-of-access are the most equitable ways of funding healthcare rights. This paper examines key public sector health financing measures in 17...

Improving Export Credit Agency Impact Through Full Faith and Credit

International trade requires sufficient, reliable, and affordable sources of financing. Export credit agencies (ECAs) fill trade finance gaps by offering financing, insurance and guarantees to provide liquidity or mitigate risks. They help to create or secure jobs in the domestic economy. However, comprehensive government support is required to create significant impact. This includes ‘full faith and credit’ of the state. In the context of public foreign trade promotion, full faith and credit is defined as an explicit, direct or indirect, irrevocable, legal commitment to accept all liabilities of an ECA as unconditional obligations of the respective government. Our policy recommendations for countries with relatively young ECAs, for example in Ukraine, Armenia, and Malawi, are to establish a full guarantee in addition to an efficient legal set-up, sufficient capital, and sound risk management of the respective agency. Without full faith and credit, policy goals of fostering economic growth through foreign trade fall short. trade promotion, trade finance, export credit, export credit agency, export-import bank, full faith and credit, government guarantee

Strategic recommendations for financing green and sustainable energy projects

Abstract The main hindrances to the large-scale development of renewable-energy projects are the lack of bankability and the inability to align investments and investors with suitable financial instruments or robust policy measures. To illustrate a bankable project, this paper presents a research-based case study on the installation of solar photovoltaic panels on the rooftops of 195 trains of the Indian Railways. Detailed information on the annual running hours, exposure to sunlight, efficiency of solar photovoltaic generation and electrical power demands of each rail coach is considered to conduct a quantitative measure of the tentative amount of fossil fuel savings. The purpose is to provide insight into the types of renewable-energy projects that can be highly attractive to financial institutions and promoters due to their lucrative internal return on investment. As seen in this case study, there are annual savings in diesel of 12 323 088 litres and a CO2 reduction of 32 755 tonnes, with return on investment of 1.3 years. Furthermore, this study conducts a comprehensive analysis of the limitations of existing renewable-energy project financing mechanisms in India. Subsequently, three policy measures are recommended to develop a robust financial mechanism that can effectively meet the needs of investors and investors. These measures include increasing equity injection through a buy-and-hold strategy, providing direct tax benefits to promoters and financing through real-estate investment trusts. The findings are highly relevant to address the challenges associated with bridging the financial gap between access to finance and capital investment in the renewable-energy sector, especially for Asian countries.

The relationship between financial literacy and financial access among SMES in the Ekurhuleni municipality

Orientation: Among the numerous factors affecting small and medium enterprises’ (SMEs) ability to access funding, financial literacy or the lack thereof continues to rank high. The below-average levels of financial literacy among entrepreneurs inevitably restrict their access to finance, thereby adding to the already soaring rate of small business failure.Research purpose: The main research objective of this article is to determine the underlying financial literacy-financial access relationship among SMEs in the Ekurhuleni Metropolitan Municipality in South Africa.Motivation of the study: Understanding the relationship between financial literacy and financial access among small businesses is imperative as they are key players in economic development. Empirical literature outlining this relationship is sparse. Therefore, the study made an original empirical contribution to the financial literacy-financial access nexus in the metropolitan.Research design, approach and method: A quantitative descriptive research design was followed. The survey method was used to gather data, where structured questionnaires were distributed to the respondents. The study considered a targeted population of 5609 registered SMEs in Ekurhuleni with a sample size of 384 prospective participants. A total of 310 responses were obtained from the owners and managers of SMEs in the municipality. The Statistical Package for Social Sciences was used to compute all statitical analyses for the study. Descriptive statistics were used to establish the SMEs’ financial literacy and financial access relationship. Data were analysed using factor analysis, regression analysis and correlation analysis.Main findings: Entrepreneurs in Ekurhuleni were found to have a limited understanding of basic financial concepts implying low levels of financial knowledge. Additionally, the study established that financial access was significantly challenging for most SMEs. The findings further revealed a positive relationship between financial literacy and financial access.Practical managerial/ implications: The knowledge from this article may assist entrepreneurs and financial institutions in bridging the financial literacy gap, thereby increasing the likelihood of accessing funding by SMEs. It may also assist in influencing the development and implementation of micro and macroeconomics policies to raise financial literacy levels and leniency from financing sources towards SMEs.

The problem of ensuring the long-term sustainability of research infrastructures in today’s conditions

Problem setting. The research is devoted to the analysis of the problem of ensuring the long-term sustainability of research infrastructures, taking into account the challenges and threats that exist at the current stage. analysis of resent researches and publications. Today, aspects of the development of innovation systems and research infrastructures of the European Union and Ukraine are a topic for research of many foreign and domestic researchers. At the same time, the question of ensuring the long-term sustainability of research infrastructures in modern conditions remains relevant. Purpose of the research is to analyze the problem of ensuring the long-term sustainability of research infrastructures, taking into account the challenges and threats that exist at the present stage. Аrticle’s main body. The European framework programs made a significant contribution to the development of effective, open and effective use of national research infrastructures, and developed together with the European Strategic Forum of Research Infrastructures a consistent approach to the development of national investment policies in pan-European research infrastructures, which gave rise to the development of many European research infrastructures. Emphasis is placed on the fact that in order to maintain scientific excellence and competitiveness, it is necessary to ensure constant funding of both existing and new research infrastructure. It is concluded that it is necessary to promote synergy between funding instruments for research infrastructures (both European and national), to coordinate investments in research and innovation, improve access and translate research results for the benefit of society and the economy. Sufficient funding including adequate and sustainable funding models, required across the whole RI lifecycle to address the diversity of needs and the funding gaps, is indispensable for successful RI strategy. A joint effort combining European, national or other funding sources is vital for the healthy development of the pan-European RI ecosystem. For research infrastructures to remain relevant throughout the entire RI lifecycle, scientific excellence is the necessary condition, which becomes, together with adequate human resources, crucial when it comes to long-term persistence in the operational phase. Effective governance and sustainable long-term funding (public and private) are other key elements for ensuring long-term sustainability of research infrastructures at every stage in their lifecycle. All the long-term sustainability elements form a unique set, which should be considered and implemented as a general strategic guidance, and not only for ESFRI initiated Research infrastructures. conclusions and prospects for the development. Necessary from the development of the situation, in our opinion, it was expedient to start the preparation and implementation of the investment road map for the reconstruction of the scientific infrastructure of Ukraine. After all, the level of increasing the sustainability of research infrastructure remains an urgent issue for Europe and the world as a whole, in particular in the context of exiting the crisis related to the COVID-19 pandemic, the war in Ukraine, and the economic and political situation.

Understanding the China-Tanzania Malaria Control Project: lessons learned from a multi-stakeholder qualitative study.

Tanzania is among the countries with the highest malaria cases and deaths worldwide, where vulnerable populations have been severely affected due to poverty and weakness in health system and infrastructure. The China-Tanzania Malaria Control Project (the Project) was a two-phase global health intervention project implemented between 2015 and 2021 that aimed to transfer project-designated intervention experience in malaria elimination to the Tanzanian health system. This study aims to identify the barriers and facilitators encountered during the Project and to improve our understanding of the emerging phenomenon of South-South global health collaboration. We conducted thematic analysis of qualitative data collected from a purposive sample of 14 participants from multiple stakeholders including project management office, project implementation agency, funding partners and external evaluators of the Project. A conceptual framework was developed to construct the interviews guides. The interviews were transcribed verbatim, crossover checked, translated into English, and analyzed with NVivo 12.0. We conducted the open coding followed by the axial coding based on the Grounded Theory to generate themes and subthemes, and identified key influencing factors that aided or hindered the malaria control in Tanzania. The findings suggested that malaria control strategies should largely be tailored due to varied socioeconomic contexts. The perceived enablers in practice include project-designated intervention experiences and technologies, professional and self-learning capabilities of the implementation team, sustainable financial assistance, and support from the international partners. The barriers include the shortage of global health talents, existing gaps to meet international standards, defects in internal communication mechanisms, inadequacy of intergovernmental dialogue, and limitations in logistical arrangements. A checklist and policy implications for China's future engagement in malaria control in resource-limited settings have been proposed. The initiative of Health Silk Road has generated strong global interest in promoting development assistance in health. In the hope of generalizing the evidence-based interventions to high malaria-endemic countries in Africa, the need for China to carefully face the challenges of funding gaps and the lack of support from recipient governments remains ongoing. It is recommended that China should form an institutionalized scheme and sustainable funding pool to ensure the steady progress of development assistance in health.

National Institutes of Health Funding Gaps for Principal Investigators

Early-stage and established investigators compete for a limited supply of funds from the National Institutes of Health (NIH). Regardless of their previous funding success, many principal investigators (PIs) encounter a funding gap in which they no longer receive ongoing funding from the NIH. To determine incidence rates of PI-level funding gaps, the mean funding gap length, and whether these 2 metrics are associated with previous funding success. This study was conducted using data from NIH RePORTER. Historical datafiles for fiscal year (FY) 2011 to FY 2021 were aggregated to generate 2 master datafiles for this period: all NIH awards and only R01 awards. PIs with no funding in FY 2011 or FY 2021 were removed. PIs were sorted by FY 2011 total funding amounts and grouped by quarter of amount. A total of 39 944 unique researchers were awarded 220 131 NIH awards, of which 103 753 were R01 awards. For all NIH awards, there was an overall linear increase from top quarter to bottom quarter in the percentage of PIs who had at least 1 year without funding (from 27% to 75%), percentage of these gap PIs who had at least 2 consecutive years without funding (from 56% to 68%), and mean maximum consecutive years without funding for gap PIs (2.2 years to 3.1 years). For only R01 awards, there was an overall linear increase from top quarter to bottom quarter in the percentage of PIs who had at least 1 year without funding (50% to 74%), percentage of gap PIs who had at least 2 consecutive years without funding (59% to 71%), and mean maximum consecutive years without funding for gap PIs (2.4 years to 3.1 years). In this cohort study of NIH-funded investigators, PIs with higher NIH funding were less likely to experience a funding gap. Additionally, when these PIs encountered a funding gap, this period without funding was shorter; however, among all PIs, funding gaps typically lasted 2 to 3 years. These associations were found inclusive of all NIH awards and when analysis was limited to only R01 awards. These findings may be useful to PIs and academic institutions as they prepare, structure, and project research resource allocations.

Improving Support for Physician Scientists—Mind the (Funding) Gap

Improving Support for Physician Scientists—Mind the (Funding) Gap

Uncovering Trends and Research Gaps in Corporate Governance and Islamic Finance

The objective of the study is to investigate the intersection of corporate governance and Islamic finance. Previous studies have explored the intersection of these two fields, examining board structure, ownership, and executive compensation. However, limited attention has been given to the role of Islamic finance in corporate governance. Therefore, this study aims to fill this gap by conducting a bibliometric analysis of research on corporate governance and Islamic finance. The findings provide insights into the current state of research and offer opportunities for future research. The study's outcomes have implications for policymakers, practitioners, and scholars in the field of corporate governance and Islamic finance.

Legal Framework of Innovative Financing in Sustainable Development Through Public–Private Partnerships

Objective: This research paper aims to investigate the complex nexus among public–private partnerships (PPPs), business law, and sustainable development. Against the backdrop of recent economic transformations, the imperative of sustainable development has intensified, posing financing challenges. This study seeks to establish that PPPs, grounded in business law tenets, offer a remedy by amalgamating private sector efficiency with public sector developmental pursuits. Method: A qualitative methodology is employed to explore the dynamics of PPPs in relation to sustainable development. In-depth analysis and examination of relevant literature are carried out to understand how PPPs function in bridging funding gaps and aligning private investments with societal well-being. Legal frameworks inherent to PPPs are studied to elucidate mechanisms ensuring accountability and transparency. Results: The research reveals that PPPs, functioning as conduits of collaboration between public and private sectors, hold the potential to address funding shortfalls and synchronize private investments with broader societal welfare goals. Successful case studies, particularly within extensive-scale infrastructure ventures, demonstrate the transformative capacity of PPPs. The study underscores the significance of legal frameworks in maintaining transparent and accountable PPP operations. Conclusion: The integration of business law, PPPs, and sustainable development emerges as a promising trajectory for nurturing equitable, prosperous, and resilient societies. By harnessing the efficiency of private enterprises in tandem with public developmental objectives, PPPs offer a pragmatic solution to the pressing challenges of financing sustainable development. This research underscores the viability of PPPs as instruments for fostering positive socio-economic change while maintaining transparency and accountability through legal mechanisms.

Formulating Natural Disaster Insurance Scheme for Micro, Small, and Medium Enterprises (MSMEs) in Indonesia

The existence of disaster insurance in Indonesia is particularly important for disaster-prone areas. In recent years, only 2.96% of 64 million MSMEs have disaster insurance. This is because the existing disaster insurance scheme has not fully met the expectations of MSMEs regarding its premium value, its claims mechanism and MSMEs financial capability. This research seeks to explore the factors that influence MSMEs to own disaster insurance, by using quantitative analysis of Panel Fixed Effects Model as the first model and Probit Models as the second and third models as well as qualitative analysis. The result will be utilized to formulate the appropriate disaster insurance product which optimize insurance features based on MSMEs’ demand, encourage regulatory support and improve government funding capacity. Indonesia is currently facing approximately IDR19.75 trillion (USD1.4 billion) financing gap to cover the loss caused by disasters hence, there is also a need to create a high- level financing scheme to cover the gap.

Wisconsin

The state of Wisconsin is currently operating on the 2021–2023 biennial budget signed by Governor Tony Evers on July 8, 2021. Although the budget was intended to close the funding gaps, provide mental health support, and increased support for education throughout Wisconsin, the Wisconsin Public Education Network issued a press release indicating the new budget underserves students. Consequently, the focus for the 2023–2025 budget is on filling the gap left by the previous budget.

Prevention of Election Violations on The Money Political Mode Conducted by Candidate Members of the 2024 Legislative

Elections are instruments or means to implement democracy; in fact, many democratic countries make elections as a symbol as well as a benchmark for democracy. Direct general elections by the people are a means of realizing people's sovereignty in order to produce a democratic state government based on Pancasila and the 1945 Constitution. The 1945 Constitution in Article 1 paragraph (2) states that "sovereignty is in the hands of the people and implemented according to the 1945 Constitution." Constitution". Direct, public, free, confidential, honest and fair general elections can be realized if they are carried out by general election organizers who have integrity, professionalism and accountability. In the implementation of elections, the role of political participation is important because citizens have surrendered their right to power to political institutions through elections and must not lose their right to defend themselves against possible abuse of power. This approach method is carried out in order to be able to make changes or changes from various theories in the discipline of law through a scientific process. Normative juridical research is research conducted by examining library materials or primary legal materials. This information can be obtained from laws and regulations and articles. Then it is described and linked so that it can be presented in a more systematic writing, in order to answer the problems that have been formulated. The research specification used in this research is descriptive analytical method by explaining, describing, and correlating legal regulations and theories with the problems that occur. The results of the study show that efforts to prevent election violations related to the money politics mode committed by legislative candidates in 2024 can be carried out through several steps, including the government must strictly enforce the law against money politics violations. Increase public education and awareness about the dangers and negative effects of money politics. Improve oversight of expenditures and campaign funding of candidates for legislative members. Communities must be encouraged to actively report any money politics practices they encounter. Establish a reasonable and realistic maximum limit on campaign spending for legislative candidates. This can help reduce the financial gap between candidates and prevent unhealthy money politics practices. Establish an independent institution tasked with overseeing elections and handling violations related to money politics. Conducting education and training related to ethics and integrity to candidates for legislative members. Keywords: Prevention of Election, Money Political, Legislative