Total Factor Productivity of Indian Microfinance Institutions

Bibek Ray Chaudhuri and Shubhasree Bhadra
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Shubhasree Bhadra: Department of Business Management, University of Calcutta

No 1527, Working Papers from Indian Institute of Foreign Trade

Abstract: The present study attempts to empirically examine the total factor productivity change (TFPG) of Indian microfinance institutions, using balanced panel data set of 55 MFIs in India between 2008 and 2010. A non parametric Malmquist Productivity Index has been used for this purpose. Efficiency of Indian MFIs has been calculated based on production approach. It was found that technological change has played a significant role in increase of TFPG in the terminal year considered. Further, significant change of scale efficiency in terms of women borrowers also enhances TFPG. Moreover, it was found that operational self sufficiency, return on asset and lagged capital-asset ratio, are significant determinants of TFPG. PAR>30 was also found to be positively related to TFPG.

Keywords: Productivity change; efficiency; microfinance institution; index number (search for similar items in EconPapers)
JEL-codes: C43 D24 G21 (search for similar items in EconPapers)
Pages: 56 pages
Date: 2015-02
New Economics Papers: this item is included in nep-agr, nep-cfn, nep-eff and nep-mfd
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