Does commercial microfinance belong to the financial sector? Lessons from the stock market
Marie Briere and
Post-Print CEB, 2015, vol. 67, 110-125
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)
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)
Journal Article: Does Commercial Microfinance Belong to the Financial Sector? Lessons from the Stock Market (2015)
Working Paper: Does Commercial Microfinance Belong to the Financial Sector? Lessons from the Stock Market (2015)
Working Paper: Does Commercial Microfinance Belong to the Financial Sector? Lessons from the Stock Market (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
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 ().