All Eyes on Asset Quality: Microfinance Global Valuation Survey 2010

Kneiding, Christoph; Mariz, Frédéric Rozeira de; O'Donohoe, Nick; Reille, Xavier; Rozas, Daniel

doi:10.2139/ssrn.2625241

Cited by 5 publications

(4 citation statements)

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“…The microfinance sector has never before experienced such a negative portfolioquality development, in respect to both the pace of deterioration and the geographical breadth (O'Donohoe et al, 2010). According to Chen et al (2010), the weakening of credit discipline was most pronounced in the credit-boom countries, such as Bosnia or Morocco.…”

Section: Deterioration Of Lending Standardsmentioning

confidence: 99%

From Boom to Bust: How Different Has Microfinance Been from Traditional Banking?

Wagner¹

2012

Development Policy Review

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractThis paper presents an in-depth analysis of developments in the microfinance sector before and after the Lehman Brothers collapse in 2008 by comparing them with developments in traditional banking sectors of emerging market economies and developing countries. The findings indicate that microfinance has been part of the same credit boom observed in the traditional banking sector. Moreover, as in the traditional banking sector, the boom was fostered by substantial inflows of foreign capital. This raises the question whether the crisis resilience the microfinance sector has shown in the past remains a characterizing feature of microfinance or whether the same risk factors associated with excessive credit growth lead -as in the traditional banking sector -to greater vulnerability.The findings indicate that microfinance markets with strong capital inflows, high credit growth rates and rapidly increasing competition experienced a substantial decrease in credit growth and deterioration of portfolio quality in the post-Lehman period. This is in line with the evidence found for the traditional banking sector in emerging markets and developing countries. The paper concludes that by becoming part of the global financial system, microfinance has lost one of the characteristics which distinguish it from traditional banking, namely its higher resilience towards crises in domestic and global financial markets.

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Section: Deterioration Of Lending Standardsmentioning

confidence: 99%

From Boom to Bust: How Different Has Microfinance Been from Traditional Banking?

Wagner¹

2012

Development Policy Review

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“…On one hand, there is some research which suggests that there continues to be relatively low correlation between the performance of MIVs and the broader financial economy during the crisis (CGAP, : 1; Deiana, ; Galema et al., ). On the other hand, although the global financial crisis did not displace processes of micro/financialization, it has exerted pressure in several ways (Gonzalez, : 1; Lascelles and Mendelson, : 7; MicroRate, : 5; O'Donohoe and Rozeria de Mariz, : 3).…”

mentioning

confidence: 99%

The Financialization of Micro‐Credit

Aitken¹

2013

Development and Change

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The financial crisis which crested in 2008/2009 sparked much debate regarding the future of global financial governance. Echoing the ways in which that crisis entailed a particular intrusion of ‘high finance’ into everyday lives, the main contention of this article is that critical analyses of finance would benefit from training attention onto the intersections between global finance and the level of the everyday and the mundane. To explore this intersection, this article reviews the increasing ways in which micro‐credit has been financialized. This process of micro/financialization, I argue, has been accomplished in very particular ways which have brought micro‐credit networks and their borrowers more fully into the spaces of global capital markets. This development, however, confronts vulnerable populations of micro‐borrowers with serious risks of various sorts. Most importantly, micro/financialization risks exporting — and globalizing — some of the riskiest parts of financial practices to the ‘poorest of the poor’. I conclude the article by noting the ways in which this involves a particularly dangerous extension of what some commentators have referred to as the ‘democratization of finance’.

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“…GIIN highlighted four key elements that classify an investment as impact investment: intentionality, utilisation of evidence and data in designing investment, impact performance management and overall contribution to the sector's advancement. In fact, intentionality (Höchstädter & Scheck, 2015) and measurability (O'Donohoe et al, 2010) of financial and non-financial returns are the two salient aspects of investment to quality as impact investment.…”

Section: Re Vie W Of Liter Aturementioning

confidence: 99%

Impact investing: Scientometric review and research agenda

Singhania,

Swami

2023

Business Ethics Env & Resp

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Innovations in aligning investment with sustainability led to impact investing, enabling investors to achieve conventional financial returns and measurable social and environmental returns. Since its inception in 2007, it has grown manifolds, with significant efforts being made to create a global ecosystem. However, due to limited academic literature, the theme is yet to garner the scholarly interest it deserves. In this study, we analyse and visualise a knowledge map of the impact investment research field through a comprehensive bibliometric analysis by employing a research corpus of 421 studies sourced from Web of Science and Scopus. We identify the growth trajectory, geographical concentration, productive and influential authors, journals and significant articles and examine the inter‐disciplinarity of the field. The major research themes interlinked with impact investing included; social entrepreneurship, social innovation, social finance, impact investment market, innovative financial instruments, financialisation of essential services and impact reporting. To drive the field forward, future research needs to develop an impact investment ecosystem, address behavioural issues, stakeholder management and institutional context in impact investment theme, develop and diffuse innovative financial instruments, develop a framework for standardised accounting and reporting practices to measure financial and non‐financial dimensions, tackle impact washing by fund managers, address lack of financial access to the third sector and develop the legal and regulatory framework for third sector organisations.

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All Eyes on Asset Quality: Microfinance Global Valuation Survey 2010

Cited by 5 publications

References 4 publications

From Boom to Bust: How Different Has Microfinance Been from Traditional Banking?

From Boom to Bust: How Different Has Microfinance Been from Traditional Banking?

The Financialization of Micro‐Credit

Impact investing: Scientometric review and research agenda

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