Ownership and technical efficiency of microfinance institutions: Empirical evidence from Latin America
Roselia Servin Juarez,
Robert Lensink () and
Marrit van den Berg
Journal of Banking & Finance, 2012, vol. 36, issue 7, 2136-2144
By using stochastic frontier analysis, this article examines the technical efficiency of different types of microfinance institutions in Latin America. In particular, it tests whether differences in technical efficiency, both intra- and interfirm, can be explained by differences in ownership. With a focus on non-governmental organizations, cooperatives and credit unions, non-bank financial intermediaries, and banks, the data set contains 1681 observations from a panel of 315 institutions operating in 18 Latin American countries. The results show that non-governmental organizations and cooperatives have much lower interfirm and intrafirm technical efficiencies than non-bank financial intermediaries and banks, which indicates the importance of ownership type for technical efficiency.
Keywords: Microfinance; Efficiency; Technology; Stochastic frontier; Ownership type; Latin America (search for similar items in EconPapers)
JEL-codes: D24 G21 L31 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbfina:v:36:y:2012:i:7:p:2136-2144
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