EconPapers    
Economics at your fingertips  
 

Does commercial microfinance belong to the financial sector? Lessons from the stock market

Marie Briere and Ariane Szafarz

Post-Print CEB, 2015, vol. 67, 110-125

Abstract: This paper is the first to draw a global picture of worldwide microfinance equity by taking full advantage of daily quoted prices. We revisit previous findings showing that investors should consider microfinance as a self-standing sector. Our results are threefold. First, microfinance has become less risky and more closely correlated with the financial sector. This convergence might be followed by a decline in the proportion of women borrowers. Second, microfinance and finance shares have equivalent currency exposure. Last, introducing a self-standing microfinance sector presents few diversification benefits. This paper confirms that microfinance has changed dramatically during the last decade.

Keywords: Bangladesh; Indonesia; Kenya; Mexico; Microfinance; South Africa (search for similar items in EconPapers)
Date: 2015
Note: SCOPUS: ar.j
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12) Track citations by RSS feed

Downloads: (external link)
https://dipot.ulb.ac.be/dspace/bitstream/2013/187643/7/CEBPostprint002.pdf Œuvre complète ou partie de l'œuvre (application/pdf)

Related works:
Journal Article: Does Commercial Microfinance Belong to the Financial Sector? Lessons from the Stock Market (2015) Downloads
Working Paper: Does Commercial Microfinance Belong to the Financial Sector? Lessons from the Stock Market (2015) Downloads
Working Paper: Does Commercial Microfinance Belong to the Financial Sector? Lessons from the Stock Market (2014) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sol:spaper:2013/187643

Ordering information: This journal article can be ordered from
http://hdl.handle.ne ... lb.ac.be:2013/187643

Access Statistics for this article

More articles in Post-Print CEB from ULB -- Universite Libre de Bruxelles Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Pauwels ().

 
Page updated 2021-04-08
Handle: RePEc:sol:spaper:2013/187643