nep-mfd New Economics Papers
on Microfinance
Issue of 2019‒05‒20
five papers chosen by
Aastha Pudasainee and Olivier Dagnelie
  1. The Microfinance Alphabet By Marek Hudon; Marc Labie; Ariane Szafarz
  2. The influence of capital structure on financial performance of microfinance institutions By Razvan-Gabriel Hapau
  3. What type of microfinance institutions comply with International Financial Reporting Standards? By Magloire Nya Tchatchoua; Isabelle Pignatel; Hubert Tchakoute Tchuigoua
  4. Effects of Microfinance on Small and Medium scale Enterprises in Ondo State Nigeria By Afelumo, B.E.; Afolabi, J.A.
  5. Comparative Analysis of Income Inequality Among Small and Medium Agribusiness Loan Beneficiaries from Commercial and Microfinance Banks in IMO State Nigeria By Ukoha, I.I.; Ibeagwa, O.B.; Uhuegbulam, I.J.; Ejike, O.U.; Oshaji, I.O.; Osuji, E.E.; Chikezi, C.
  1. By: Marek Hudon; Marc Labie; Ariane Szafarz
    Abstract: Much has been learnt in microfinance over the last ten years. But there is yet so much to discover on how to improve financial inclusion and development. This paper offers an—evidently subjective—microfinance alphabet, hoping to so provide the microfinance scientific community with an opportunity to “read together” both where we stand and where we are heading.
    Keywords: Microfinance; Microcredit; Financial inclusion; Social finance; Hybrid organizations; Portsmouth
    JEL: G21 G23 O16 G32 O19
    Date: 2019–05–10
    URL: http://d.repec.org/n?u=RePEc:sol:wpaper:2013/287174&r=all
  2. By: Razvan-Gabriel Hapau (Academy of Economic Studies, Bucharest)
    Abstract: This paper aims to investigate the influence of capital structure on the financial performance of microfinance institutions (MFIs) using a sample of 89 institutions from 35 countries using the data provided by the MIX Market platform for the year 2015.In order to do that, the paper focus on two main objectives: the first one is to evaluate the financial performance of microfinance institutions using a synthetic measure-composite index based on principal component analysis using several financial indicators and the second one is to assess the impact of capital structure on the MFIsfinancial performance composite index using regression techniques, taking into account three proxies for capital structure(capital to asset ratio, debt to equity ratio, deposits to total assets) and controlling for a variety of MFI-specific variables.Theempirical results pointed out two important factors for the financial performance of MFIs: profit margin and yield on gross loan portfolio. Based on the results of the composite index, Mexico, Azerbaijan, Bolivia, Nepal, Romania, Moldova, Egypt, Armenia and Bolivia are considered to be poles of microfinance performance. In Romania, the best performances were recorded by Express Finance, while at the opposite side there are OMRO and Pro-Credit, which performed poorly.Analysing the influence of capital structure on the financial performance of MFIs, a significant and positive impact have been highlighted by the capital to asset ratio, while for the other two proxies any influence has been refuted. Therefore, a higher ratio of capital to total assets is positively associated with a higher MFIs financial performance.
    Keywords: microfinance institutions, capital structure, financial performance, principal component analysis, regression analysis
    JEL: G21 G32 G10 G15 C38 C40
    Date: 2018–05
    URL: http://d.repec.org/n?u=RePEc:fst:wpaper:0015&r=all
  3. By: Magloire Nya Tchatchoua; Isabelle Pignatel; Hubert Tchakoute Tchuigoua
    Abstract: What are the characteristics of microfinance institutions (MFIs) that choose to draft their financial statements according to international accounting standards? That is the question this article investigates. We study a pooled sample of 5,290 audited financial statements from 2007 to 2015 and find consistent evidence that the institutional framework, for-profit status, and maturity, are likely to drive the MFIs choice to comply with international financial reporting standards. Results are robust after controlling for whether MFIs operate in a country where IFRS are permitted or required.
    Keywords: IFRS; Microfinance; Audit
    JEL: G21 G34 L31 M42
    Date: 2019–05–10
    URL: http://d.repec.org/n?u=RePEc:sol:wpaper:2013/287175&r=all
  4. By: Afelumo, B.E.; Afolabi, J.A.
    Keywords: Financial Economics
    Date: 2017–10
    URL: http://d.repec.org/n?u=RePEc:ags:naae17:288505&r=all
  5. By: Ukoha, I.I.; Ibeagwa, O.B.; Uhuegbulam, I.J.; Ejike, O.U.; Oshaji, I.O.; Osuji, E.E.; Chikezi, C.
    Keywords: Agricultural Finance
    Date: 2017–10
    URL: http://d.repec.org/n?u=RePEc:ags:naae17:288503&r=all
This nep-mfd issue is ©2019 by Aastha Pudasainee and Olivier Dagnelie. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
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