The Impact of Social Beliefs on Microfinance Performance
Författare
Summary, in English
We apply a panel of 331 microfinance institutions from 37 countries to investigate the relationship between social beliefs and microfinance financial performance over the period of 2003-2011. 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. Copyright (c) 2014 John Wiley & Sons, Ltd.
Avdelning/ar
Publiceringsår
2015
Språk
Engelska
Sidor
1074-1097
Publikation/Tidskrift/Serie
Journal of International Development
Volym
27
Issue
7
Dokumenttyp
Artikel i tidskrift
Förlag
John Wiley & Sons Inc.
Ämne
- Economics
- Economic Geography
Nyckelord
- collectivism
- trust
- informal institutions
- performance
- microfinance
Status
Published
ISBN/ISSN/Övrigt
- ISSN: 1099-1328