Microfinance Institutions

1. Front Matter

   Pages i-xvii

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2. Microfinance Financial and Social Performance: An Introduction

   • Roy Mersland, R. Øystein Strøm

   Pages 1-11

3. Measuring Microfinance Performance

   • Roy Mersland, R. Øystein Strøm

   Pages 12-30

4. What Does MFIs’ Cash Flow Analysis Reveal?

   • Gautier Dumont, Mathias Schmit

   Pages 31-52

5. Determinants of Performance in the Microfinance Industry: The Role of Culture

   • Ronny Manos, Leonid Tsytrinbaum

   Pages 53-78

6. Does Financial Globalization Affect Microfinance Mission Drift?

   • Akem Noela Forkusam

   Pages 79-98

7. Sustainability and Mission Drift: Do Microfinance Institutions in Vietnam Reach the Poor?

   • Sarath Abeysekera, Umut Oguzoglu, Thanh Tam Le

   Pages 99-118

8. The Impact of the 2010 Andhra Pradesh Crisis on the Operational Efficiency of Indian Microfinance Institutions

   • Trishit Bandyopadhyay, Savita Shankar

   Pages 119-138

9. Impact of Regulation on the Cost Efficiency of Microfinance Institutions in Bangladesh

   • M. A. Banqui Khalily, M. Abdul Khaleque, S. Badruddoza

   Pages 139-161

10. The Social Function of Asset Classes in Microfinance

    • Harry Hummels, Matteo Milione

    Pages 162-186

11. Defining Social Collateral in Microfinance Group Lending

    • Luminita Postelnicu, Niels Hermes, Ariane Szafarz

    Pages 187-207

12. Competition in Microfinance: Does It Affect Performance, Portfolio Quality, and Capitalization?

    • Ashim Kumar Kar, Ranjula Bali Swain

    Pages 208-226

13. The Efficiency of Microfinance Institutions in Ethiopia: A DEA Approach

    • Hailemichael Tesfay Gessesse, Guesh Gebremeskel Ambaye

    Pages 227-243

14. Financial Sustainability and Outreach of MFIs in Ethiopia: Does Ownership Form Matter?

    • Gashaw Tadesse Abate, Carlo Borzaga, Kindie Getnet

    Pages 244-270

15. Microbank Regulation and Earnings Quality: A Global Survey

    • Leif Atle Beisland, Roy Mersland, Trond Randøy

    Pages 271-293

16. Back Matter

    Pages 294-300

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Research on MFI performance is still in its infancy. MFIs are hybrid organizations with dual objectives. Performance studies in microfinance are therefore less straightforward compared to performance studies in traditional banking research. This book contains new MFI performance research by top scholars from across the globe.

• Efficiency
• Performance
• Microfinance
• Hybrid Organizations
• double-bottom lines
• banking
• finance
• private equity
• Vietnam

• University of Agder, Norway

  Roy Mersland

• Oslo and Akershus University College and Telemark University College, Norway

  R. Øystein Strøm

Gashaw Tadesse Abate, University of Trento, Italy Sarath Abeysekera, University of Manitoba, Canada Guesh Gebremeskel Ambaye, Mekelle University, Ethiopia S. Badruddoza, Institute of Microfinance, Bangladesh Trishit Bandyopadhyay, XLRI Xavier School of Management, India Leif Atle Beisland, University of Agder, Norway Carlo Borzaga, University of Trento, Italy Gautier Dumont, Business Intelligence Analyst, Belgium Akem Noela Forkusam, University of Oldenburg , Germany Hailemichael Tesfay Gessesse, Mekelle University, Ethiopia Kindie Getnet, International Water Management Institute, Ethiopia Niels Hermes, University of Groningen, Netherlands Harry Hummels, Maastricht University, Netherlands Ashim Kumar Kar, University of Helsinki, Finland Md. Abdul Khaleque, University of Dhaka, Bangladesh M. A. Baqui Khalily, Institute of Microfinance, Bangladesh Ronny Manos, Cranfield School of Management, UK Matteo Millone, Maastricht School of Business and Economics, Netherlands Umut Oguzoglu, University of Manitoba, Canada Luminita Postelnicu, Université Libre de Bruxelles, Belgium Trond Randøy, University of Agder, Norway Mathias Schmit, Solvay Brussels School of Economics and Management, Belgium Savita Shankar, Asian Institute of Management, Philippines Ranjula Bali Swain, Uppsala University, Sweden Ariane Szafarz, Université Libre de Bruxelles, Belgium Tam Le Thanh, National Economics University of Vietnam, Vietnam Leonid Tsytrinbaum, The Technion - IsraelInstitute of Technology, Israel

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