The Impact of Social Beliefs on Microfinance Performance

Olle Berggren and Katarzyna Burzynska ()
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Katarzyna Burzynska: https://sites.google.com/site/econkatarzynaburzynska/
Authors registered in the RePEc Author Service: Olle Hammar ()

No 2014/5, Knut Wicksell Working Paper Series from Lund University, Knut Wicksell Centre for Financial Studies

Abstract: We apply a panel of 331 microfinance institutions from 37 countries to investigate the relationship between social beliefs and microfinance financial performance. We find that microfinance institutions in countries with higher levels of trust and more collectivist culture have lower operating and default costs and charge lower interest rates. These results provide the first large cross-country evidence that social beliefs are important determinants of microfinance performance.

Keywords: microfinance; performance; informal institutions; trust; collectivism (search for similar items in EconPapers)
JEL-codes: G21 O16 O17 O43 O50 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2014-09-30
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: The Impact of Social Beliefs on Microfinance Performance (2015)
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