CEU Electronic Theses and Dissertations, 2020
| Author | Munduzbaeva, Aliia |
|---|---|
| Title | Social and Financial Performance of Microfinance Institutions |
| Summary | The paper studies the relationship between the social performance of the microfinance institutions (MFIs) and their financial performance. Achieving both high depths of outreach and financial sustainability is challenging, besides, it may seem contradictory. By trying to become financially sustainable, i.e. targeting better financial performance, microfinance institutions may fail to achieve their main goal to help the poor. Therefore, microfinance institutions may face a trade-off between social and financial objectives. To analyze this relationship, I use GLS random effect regression model over the sample of 2,403 microfinance institutions from six regions in 116 countries, beginning from 2009 to 2019. The results of the regression analysis show no relationship between social performance and financial performance. |
| Supervisor | Maciej Kisilowski |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2020/munduzbaeva_aliia.pdf |
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