The public sector and the development of microfinance in Spain

Estapé‐Dubreuil, Glòria; Torreguitart‐Mirada, Consol

doi:10.1108/ijse-2011-0078

Cited by 4 publications

(3 citation statements)

References 20 publications

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“…Increase of female staff increases operational self-sufficiency and yield of the gross portfolio. This result is also observed by Estapé-Dubreuil and Torreguitart-Mirada (2013). This is the most interesting result, which is obtained from Table V.…”

Section: Empirical Findingssupporting

confidence: 80%

Role of gender on the performance of Indian microfinance institutions

Ghosh

Guha

2019

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Purpose Microfinance institutions (MFIs) are known for their contribution to the women empowerment and poverty alleviation but it is not clear about the role of gender on the performance of this industry. It is important to explore the representation of both the gender in three levels, namely, decision-making, day-to-day management and implementation of the micro-financial services. This study aims to examine the impact of female board members, female managers and female field officers on the financial and social performance of the MFIs. Design/methodology/approach The authors have used random effect panel data analysis. The study covers 104 MFIs operating in India. The time period of the analysis is from 2010 to 2014. Findings The study has shown that as the number of female directors within the board increase there is an increase in cost per borrower. This is an indication that more female clients are being targeted. The increase in number of female managers leads to an increase in the number of active borrowers. The increase in the number of female staff members leads to an increase of operational self-sufficiency and yield of the gross portfolio. Research limitations/implications The present study has faced a lot of limitation due to the non-availability of the secondary data on the governance system of the microfinance industry. The study could not be undertaken for an extended period because of the unavailability of data for a long period. Practical implications This study has highlighted the role of gender in case of performance of microfinance institutions. The gender diversity at the field level has shown to enhance the financial performance of the MFIs. So, the MFIs should try to bring gender diversity at the operation level. Social implications This study has shown that an increase of woman directors at the board level increase female clients of MFIs. The increase of female managers also enhances number of female clients. So, the gender diversity at the managerial level and director level help MFIs to meet their social performance by reaching to more number of needy female clients. Originality/value The gender diversity at the three levels, namely, board level, managerial level and field operation level has not been analyzed in the Indian context. In India MFIs mainly target the female clients so in this context having gender diversity at the three levels of operation of the MFIs, which can improve both the financial and social performance of the MFIs.

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Section: Empirical Findingssupporting

confidence: 80%

Role of gender on the performance of Indian microfinance institutions

Ghosh

Guha

2019

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“…In Western Europe, well‐developed mainstream financial systems have led to most governments leaving microfinance unregulated (EMN, 2020). Whilst some authors argue that specific regulation would improve the financial viability of the sector (Pedrini et al, 2016) and enhance financial inclusion (Estapé‐Dubreuil & Torreguitart‐Mirada, 2013), others question the effects of specialized laws on the social performance of MFIs (Dayson & Vik, 2014). Cozarenco and Szafarz (2018) quantitatively explore how the impact of a regulatory change affects the social performance of a French MFI.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Intended and unintended effects of specialized regulation on microfinance institutions’ double‐bottom line management

Bellazzecca

Artinano

2021

Ann Public Coop Econ

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Taking advantage of the passage of a microfinance law in Italy (2014), we explore the rationales for introducing microfinance-specific regulation in high-income welfare states and the potential effects that this process may have on MFIs' social and financial performances (i.e. double bottom line). Our findings suggest that the institutional transformation of MFIs, in addition to product design and target group required by the new regulation, has unintendedly shifted their balance in favor of financial over social performance. This mainly applies to nonprofit organizations and cooperatives. Microfinancespecific regulation in high-income welfare states may reflect the emerging trends of market-based rationality of public policy. When regulatory arrangements for MFIs are stipulated irrespectively of MFIs' original mission the structural causes of financial exclusion may be reinforced. The underlying rationales for this trade-off should be considered to prevent and mitigate the unintended effects of microfinance-specific regulation.

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“…In Asia, Bangladesh and Indonesia are the giants and successful countries from the perspective of MFIs (Ahmed, 2009;Helms, 2006;Patten et al, 2001). This is due to their tremendous success in providing financial services to the poor and the low-income earners (Estapé-Dubreuil and Torreguitart-Mirada, 2013). Ever since this claim by Ahmed and others, there is virtually no single study that combines MFIs from these countries with the aim of examining their efficiencies.…”

Section: Introductionmentioning

confidence: 99%

Measuring efficiencies of Bangladeshi and Indonesian microfinance institutions

Jaiyeoba

Adewale

Ibrahim

2018

IJBM

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Purpose: The purpose of this paper is to measure the technical efficiency and growth trajectory of Bangladeshi and Indonesian microfinance institutions (MFIs). The motivation for this study was derived from crucial roles that these institutions play in the socioeconomic transformation of any nations, especially Bangladesh and Indonesia which are at least prominent in the Asian context in this regard. Rather than "proving" impact, research endeavors have shifted to focusing on "improving" the impact of MFIs, because the ability to improve their impact as socioeconomic transformation platform may be hinged on their efficiency over time. Design/methodology/approach: Data were obtained from MIX market database covering a five-year period from 2007 to 2011 for 20 Bangladeshi and 11 Indonesian MFIs. The data obtained were subjected to both efficiency and trajectory analysis using data envelopment analysis (DEA) based on Malmquist productivity index, independent t-test, and latent growth curve modeling (LGCM). Findings: Overall, DEA results indicate that both Bangladeshi and Indonesian MFIs are approximately efficient under constant returns to scale, variable returns to scale, and scale. There has been an improvement in the management practices of Bangladeshi MFIs, while Indonesian MFIs have increased in optimum size. Independent t-test result shows that Bangladeshi MFIs are significantly efficient in terms of performance and firm's size compared to Indonesian MFIs, but there is no significant difference in their efficiencies with regard to technology. The intercept and the slope of the regression weight in the estimated model using LGCM are not significantly different. Research limitations/implications: This study measures technical efficiency and growth trajectory of Bangladeshi and Indonesian MFIs over a five-year period. However, future studies could explore this in greater depth by incorporating more data. Practical implications: The research findings have great implications for the Bangladeshi and Indonesian MFIs. Since this study is among the first of its kind, the researchers have paved ways for further investigation in this area. Moreover, the study encourages the Bangladeshi and Indonesian MFIs to be more concerned of their efficiencies. Originality/value: This study measures technical efficiency and growth trajectory of the Bangladeshi and Indonesian (MFIs). These have never been examined together in this way before.

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The public sector and the development of microfinance in Spain

Cited by 4 publications

References 20 publications

Role of gender on the performance of Indian microfinance institutions

Role of gender on the performance of Indian microfinance institutions

Intended and unintended effects of specialized regulation on microfinance institutions’ double‐bottom line management

Measuring efficiencies of Bangladeshi and Indonesian microfinance institutions

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