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- Kar, Ashim, et al.
(författare)
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Competition, performance and portfolio quality in microfinance markets
- 2018
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Ingår i: European Journal of Development Research. - : Palgrave Macmillan. - 0957-8811 .- 1743-9728. ; 30:5, s. 842-870
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Tidskriftsartikel (refereegranskat)abstract
- Growing competition in microfinance has been blamed for multiple borrowing, over-indebtedness and loan repayment crisis in recent times. Using the Boone indicator as a proxy for competition, we investigate how competition impacts microfinance institutions’ (MFIs’) outreach, financial performance and quality of loan portfolio in this paper. The analysis is based on data from 568 MFIs in 10 vibrant microfinance markets (Bangladesh, Bolivia, Ecuador, India, Indonesia, Mexico, Nepal, Nicaragua, Peru and Philippines) for the period 2003-2014. We control for potential endogeneity of MFI performance, competition and other covariates by employing the generalized methods of moments (GMM) estimation technique. We find that increased competition leads to higher profitability and better loan portfolio quality of the sampled MFIs, but worsens depth of outreach to the poor, which is an indication of mission drift.
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| 2. |
- Sepahvand, Mohammad H., et al.
(författare)
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Does revolution change risk attitudes? Evidence from Burkina Faso
- 2019
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- A popular uprising in 2014, led to a revolution overthrowing the sitting president of Burkina Faso. We investigate if individuals’ risk attitudes changed due to this revolution. Specifically, we investigate the impact of the revolution on risk attitudes, by gender, age and level of education. The analysis is based on a unique nationally representative panel Household Budget Survey, which allows us to track the changes in the risk attitudes of the same individuals before, during and after the revolution. Our results suggest that the impact of the revolution is short-term. Individuals become risk averse during the revolution but converge back to the pre-revolution risk attitudes, slightly increasing their risk taking, after the revolution is over. Women are more risk taking than the men after the revolution but are more risk averse during the revolution. In general, older individuals tend to have higher risk aversion than the younger individuals. During the revolution, however, the individuals with higher level of education are less willing to take risk.
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