76 research outputs found
Buffer Capital, Loan Portfolio Quality and the Performance of Microfinance Institutions: A Global Analysis
Using a sample of 625 microfinance institutions (MFI) across 40 countries from 2010-2015, we empirically examine the effect of buffer capital on the performance of MFIs and how this effect varies with loan portfolio quality. We find a negative relationship between buffer capital and MFIs’ performance. We further document that loan portfolio quality positively moderates the buffer capital-MFI performance relationship. We demonstrate that the buffer capital-loan portfolio quality relationship does not vary for deposit-taking, profit-making, and regulated MFIs. Our findings shed new light on the value relevance of capital in microfinance institutions. We use a novel approach to evaluate our results in light of the effects of omitted variable bias
Apakah anda seorang manajer yang kreatif ?
Judul asli: How hot a manajer ere you ?xi, 207 p : il.; 20 cm
Apakah anda seorang manajer yang kreatif, ed.cet.1/ Dichter
xi, 207 ha;. 21 cm
Apakah anda seorang manajer yang kreatif, ed.cet.1/ Dichter
xi, 207 ha;. 21 cm
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