Microcrediting and Investment Analysis in the Context of Environmental, Social, and Corporate Governance

Ainagul Adambekova, Nurbek Adambekov (), Timothy O. Randhir, Zhuldyz Adambekova and Manat Yezhebekov
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Ainagul Adambekova: Department of Management, School of Economics and Business, Al-Farabi Kazakh National University, Almaty 050038, Kazakhstan
Nurbek Adambekov: School of Economics and Management, Narxoz University, Almaty 050035, Kazakhstan
Timothy O. Randhir: Sustainability Department of Environmental Conservation, University of Massachusetts, Amherst, MA 01003, USA
Zhuldyz Adambekova: Higher School of Economics and Management, Caspian University, Almaty 050000, Kazakhstan
Manat Yezhebekov: Department of Digital Engineering and Data Analysis, School of Digital Technologies, Narxoz University, Almaty 050035, Kazakhstan

JRFM, 2024, vol. 17, issue 11, 1-26

Abstract: This article is devoted to the analysis and development of ranking criteria for microcredit organizations to increase their investment attractiveness. The need to solve problematic issues is associated with the need to minimize risks before the start of the lending process through the correct selection of participants in the credit transaction. This study used the methods of content analysis and interpretation, correlation analysis and regression modeling, ranking, and clustering to assess the factors affecting the effectiveness of microcredit organizations. The most attention is paid to identifying key indicators that help improve the quality of financial services provided and their availability for various categories of borrowers. The results show that factors related to lending volumes and borrower characteristics have a significant impact on the quality of microcredit organizations. Of interest is the interpretation of classical financial indicators of microcredit organizations in the context of the principles of environmental, social, and corporate governance (ESG). The proposed approaches and conclusions can be used to improve the practice of microfinance and develop management and regulation strategies in this area.

Keywords: investment analysis; ESG analysis; microcredit; ranking; responsible investment; consumer expectations; sustainable development (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2024
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