The Road to Financial Sustainability. Comparative Analysis of Russia and the Caucasus Region

Ganna Sheremenko, Cesar Escalante () and Wojciech J. Florkowski

No 119525, 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama from Southern Agricultural Economics Association

Abstract: This paper examines delinquency, profitability, and outreach determinants of microfinance institutions’ (MFIs) performance in Russia and the Caucasus. The estimation is done using the Seemingly Unrelated Regression (SUR) technique. The estimation results suggest that Russian and Caucasian MFIs are profit-driven but are expected to improve outreach in the long-run.

Keywords: Agricultural Finance; Financial Economics (search for similar items in EconPapers)
Pages: 29
Date: 2012
New Economics Papers: this item is included in nep-mfd and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea12:119525

DOI: 10.22004/ag.econ.119525

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