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Title: Do for-profit micro-finance institutions achieve better financial efficiency and social impact? A generalized estimating equations panel data approach
Authors: Louis, Philippe
Baesens, Bart
Issue Date: 31-May-2013
Publisher: European Centre for corporate Engagement
Host Document: Financial Globalisation and Sustainable Finance: Implications for Policy and Practice conference vol:e-pub zonder artikelnummer: http://www.ecce-usb-conference2013.org/?page_id=1047 pages:0-0
Conference: Financial Globalisation and Sustainable Finance: Implications for Policy and Practice conference location:Cape Town (South Africa) date:29-31 May 2013
Abstract: This paper contributes to the literature by investigating the potential benefits of the commercialization of microfinance. We investigate two types of possible improvements of pursuing protability: efficiency gains and social impact advances. A comprehensive longitudinal data set spanning 15
periods and covering 456 microfinance institutions has been used. The analyses are done using a generalized estimating equations framework in order to correct for the correlations within each cluster. The results show that we cannot support the hypothesis that for-prot MFIs are able to
operate more financially efficient. With respect to social impact, for-prot MFIs do seem to have less depth of outreach and less outreach to women.
Publication status: published
KU Leuven publication type: IC
Appears in Collections:Research Center for Management Informatics (LIRIS), Leuven

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