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Why do microfinance institutions fail socially? A global empirical examination

Gregor Dorfleitner, Christopher Priberny and Michaela Röhe

Finance Research Letters, 2017, vol. 22, issue C, 81-89

Abstract: We empirically study social failures of microfinance institutions (MFIs). Besides various measures for the financial performance and outreach, we consider the relationship between several institutional variables and social failure. Regarding the relationship with the financial performance, we identify MFIs with good portfolio quality as being less prone to social failure. Also, MFIs with better measures for the quality of outreach appear to be less likely to fail socially. Finally, MFIs with a higher fraction of donations and regulated institutions exhibit a lower probability of social failure, while fast growing MFIs appear to show a positive correlation.

Keywords: Microfinance; Microcredit; MFI social failure; Regulation; Gender; Risk (search for similar items in EconPapers)
JEL-codes: G21 G23 L31 M14 (search for similar items in EconPapers)
Date: 2017
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