Performance of microfinance institutions in achieving the poverty outreach and financial sustainability: When age and size matter Reportar como inadecuado




Performance of microfinance institutions in achieving the poverty outreach and financial sustainability: When age and size matter - Descarga este documento en PDF. Documentación en PDF para descargar gratis. Disponible también para leer online.

Abstract

Using a two-stage DEA bootstrapped metafrontier approach, we investigate the effects of ageand size on efficiency estimates of microfinance institutions MFIs. In the first-stage, we use ametafrontier model combining with DEA bootstrapped procedure to obtain statistically robustand comparable efficiencies. In the second-stage, we employ a bootstrapped truncated regressionto account for the impact of exogenous factors on both dimensions of efficiency. Resultshighlight the importance of model specification for MFIs operating in different geographicalregions. Moreover, we find that although older MFIs perform better than younger ones in termsof achieving financial results, they are relatively inefficient in achieving outreach objectives. Wealso document that MFI size matters: larger MFIs tend to have higher financial and outreachefficiency.



Item Type: MPRA Paper -

Original Title: Performance of microfinance institutions in achieving the poverty outreach and financial sustainability: When age and size matter?-

Language: English-

Keywords: Data envelopment analysis; Metafrontier; Bootstrap; Efficiency; Microfinance-

Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C14 - Semiparametric and Nonparametric Methods: GeneralC - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C15 - Statistical Simulation Methods: GeneralC - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C18 - Methodological Issues: GeneralG - Financial Economics > G2 - Financial Institutions and ServicesG - Financial Economics > G2 - Financial Institutions and Services > G23 - Non-bank Financial Institutions ; Financial Instruments ; Institutional InvestorsO - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance-





Autor: Wijesiri, Mahinda

Fuente: https://mpra.ub.uni-muenchen.de/69821/







Documentos relacionados