Gestion des risques et performance des institutions de microfinance

Hubert Tchakoute Tchuigoua and Mehdi Nekhili

Revue d'économie industrielle, 2012, vol. n° 138, issue 2, 127-148

Abstract: The objective of this paper is to analyze the relationship between risk management and performance of microfinance institutions (MFIs). The devices tested are the choices of credit contracts and prudential regulation. Performance is understood in three dimensions. It refers to profitability, operational performance and portfolio quality. Based on a sample of 148 microfinance institutions in the period 2001-2006, our study shows that specialization on a type of contract improves the quality of the portfolio. Specifically, the group-lending contracts improve quality of portfolio and negatively influence the economic and operational performance, indicating that the choice of credit agreements group led microfinance institutions to a trade-off between profitability and portfolio quality. Finally, the regulation does not influence the three dimensions of performance.

Keywords: Microfinance; Performance; Design of Contracts; Regulation (search for similar items in EconPapers)
Date: 2012
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