Microfinance Institutions in Africa, Asia and Latin America: An Empirical Analysis of Operational Efficiency, Institutional Context and Costs

Carlo Bellavite Pellegrini, Emiliano Sironi, Marco Arnone, Laura Pellegrini, Andrea Messa

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

5 Citazioni (Scopus)

Abstract

This paper presents an empirical analysis of the operational efficiency of Microfinance Institutions. Using a cross section of 750 microfinance institutions operating in Asia, Latin America and Sub-Saharan Africa, the analysis shows that operating costs and efficiency are negatively related. More specifically operating costs are lower when institutions are more focused on traditional financial aspects of commercial banking, thereby improving their efficiency, and enhancing the development of the sector and the quality of offered services. Successively, the study takes into consideration how these above described relationships are declined in different geographical areas. Additional explanation to the observed outcomes highlights the importance of different legal and institutional frameworks and of features of macro-governance.
Lingua originaleEnglish
pagine (da-a)255-271
Numero di pagine17
RivistaInternational Journal of Economic Policy in Emerging Economies
Volume5
Stato di pubblicazionePubblicato - 2012

Keywords

  • ASIA, AFRICA AND LATIN AMERICA
  • MICROFINANCE INSTITUTIONS
  • OPERATIONAL EFFICIENCY

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