Performance and International Investments in Microfinance Institutions
Copyright policy )Performance and International Investments in Microfinance Institutions
Using data from 319 microfinance institutions (MFIs) in 68 developing countries, we study the degree to which international debt investments are related to the financial and social performances of MFIs. We find that commercial investments are mainly related to financial performance and level of professionalisation of the MFIs. The targeting of women is not a priority, even though international commercial investors target MFIs that provide small loans. Subsidised investments, however, are mainly driven by the targeting of women, while financial performance and the level of professionalisation of the MFI is not a priority.
- Université Libre de Bruxelles Belgium
- Brussels Management School Belgium
- University of Agder Norway
Saving and Capital Investment, Economic Development: Financial Markets, Pension Funds, microfinance,; commercialisation; socially responsible investors; microfinance investment vehicles; social performance, L20, Institutional Investors, Firm Objectives, Organization, and Behavior: General, microfinance investment vehicles, Pension Funds; Other Private Financial Institutions; Institutional Investors, and Behavior: General, socially responsible investors, VDP::Social science: 200::Economics: 210::Economics: 212, G11, Other Private Financial Institutions, Portfolio Choice, social performance, Investment Decisions, Formal and Informal Sectors, commercialisation, Formal and Informal Sectors; Shadow Economy; Institutional Arrangements, O17, O16, Institutional Arrangements, microfinance,, Shadow Economy, Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance, microfinance, Economie, Firm Objectives, G23, Organization, Corporate Finance and Governance, Portfolio Choice; Investment Decisions, jel: jel:G23, jel: jel:L20, jel: jel:G11, jel: jel:O17, jel: jel:O16
Saving and Capital Investment, Economic Development: Financial Markets, Pension Funds, microfinance,; commercialisation; socially responsible investors; microfinance investment vehicles; social performance, L20, Institutional Investors, Firm Objectives, Organization, and Behavior: General, microfinance investment vehicles, Pension Funds; Other Private Financial Institutions; Institutional Investors, and Behavior: General, socially responsible investors, VDP::Social science: 200::Economics: 210::Economics: 212, G11, Other Private Financial Institutions, Portfolio Choice, social performance, Investment Decisions, Formal and Informal Sectors, commercialisation, Formal and Informal Sectors; Shadow Economy; Institutional Arrangements, O17, O16, Institutional Arrangements, microfinance,, Shadow Economy, Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance, microfinance, Economie, Firm Objectives, G23, Organization, Corporate Finance and Governance, Portfolio Choice; Investment Decisions, jel: jel:G23, jel: jel:L20, jel: jel:G11, jel: jel:O17, jel: jel:O16
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).0 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
Citations provided by BIP!Popularity provided by BIP!