Search results for "MICROFINANCE INSTITUTIONS"
showing 6 items of 6 documents
Religion and governance in microfinance institutions: evidence from the global microfinance industry
2014
Masteroppgave i økonomi og administrasjon – Universitetet i Agder 2014 This thesis sought to study the influence of religion on corporate governance in Microfinance Institutions. The study uses secondary data on a sample of rated Christian and secular MFIs compiled in rating reports by rating agencies to compare the governance differences and similarities between Christian and secular MFIs. The research uses the random effects General Least Squares and logistic regression models alongside other univariate statistical methods to test for the effect of religious affiliation on corporate governance. The overall findings indicate that Christian MFIs are significantly less-regulated by banking a…
Entrepreneurship Training and Self-Employment among University Graduates
2012
In economies characterized by low labor demand and high rates of youth unemployment, entrepreneurship training has the potential to enable youth to gain skills and create their own jobs. This paper presents experimental evidence on a new entrepreneurship track that provides business training and personalized coaching to university students in Tunisia. Undergraduates in the final year of licence appliquee were given the opportunity to graduate with a business plan instead of following the standard curriculum. This paper relies on randomized assignment of the entrepreneurship track to identify impacts on labor market outcomes one year after graduation. The analysis finds that the entrepreneur…
Scale economies and input price elasticities in microfinance institutions
2013
Author's version of an article in the journal: Journal of Banking & Finance. Also available from the publisher at: http://dx.doi.org/10.1016/j.jbankfin.2012.08.004 We evaluate the efficiency of microfinance institutions (MFIs) using a structural approach which also captures these institutions' outreach and sustainability objectives. We estimate economies of scale and input price elasticities for lending-only and deposit-mobilizing MFIs using a large sample of high-quality panel data. The results confirm conjectures that improvements in efficiency can come from the growth or consolidations of MFIs, as we find substantial increasing returns to scale for all but profitability-focused deposit-m…
Rôle des institutions de microfinance dans le financement de l’entrepreneuriat féminin
2020
Microfinance Institutions (MFIs) are responsible for lending money to people who do not have sufficient collateral to access the formal banking system. These organizations participate in the development of entrepreneurship by funding women's projects. Several actors, who intervene around this contractual relationship between MFIs and women, may follow different objectives and interests, which can be a source of inefficiency. This contribution examines the determinants of the credit supply of MFIs intended for female entrepreneurship in the 8 countries of the West African Economic and Monetary Union (UEMOA). Our results show that if the volume of subsidies, equity and indebtedness of MFIs ha…
Boards in microfinance institutions: how do stakeholders matter?
2012
Published version of an article in the journal: Journal of Management and Governance. Also available from the publisher at: http://dx.doi.org/10.1007/s10997-011-9191-4 Microfinance Institutions provide financial services to poor people. Governance of these organizations is important so that they can operate efficiently and sustainably. This study analyzes the influence of stakeholders (donors, employees, customers, and creditors), on board structure (board size and CEO duality), and on organizational performance. We use a global data set of 379 microfinance institutions from 73 countries, collected from rating organizations. Supported by stakeholder theory, agency theory and resource depend…
The influence of international ownership on the performance of microfinance institutions
2016
Master thesis Business Administration - University of Agder 2016 The microfinance industry is experiencing rapid growth and financing this growth is a legitimate concern. During the past decade, international commercial funding in the form of international equity and debt has played a remarkable role in this regard. Until now, microfinance research that focus on the performance implications of international funding of MFIs is inadequate even though microfinance literature is voluminous. Our study focuses on the presence of international shareholders in microfinance institutions. Using data from 148 Microfinance Institutions (MFIs) in 51 countries, we empirically determine MFI characteristic…