Economics at your fingertips  

How do social performance and financial performance of microfinance institutions interact: A panel data study upon the MENA region (1998-2011)

Philippe Adair and Imene Berguiga

Post-Print from HAL

Abstract: The relationship between social performance (SP) and financial performance (FP) of microfi-nance institutions (MFIs) in the Middle East and North Africa (MENA) region is a matter of substitution or complementarity. A panel data study (1998-2011) upon a sample of 64 MFIs in nine MENA countries examines both one-way and reciprocal dependency between SP and FP. We document the various determinants according to information transparency, credit methodology, status, the operating area of MFIs and their macroeconomic environment. Simultaneous equations models show that SP has a negative impact upon FP and conversely for mature MFIs: hence, substitution takes place. However, there is no clear interaction between these performances.

Keywords: simultaneous equations; Financial and social performance; MENA; microfinance institutions; panel data (search for similar items in EconPapers)
Date: 2014
Note: View the original document on HAL open archive server:
References: Add references at CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Published in Savings and Development, 2014

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().

Page updated 2020-06-19
Handle: RePEc:hal:journl:hal-01667328