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Sustainability and Mission Drift in Microfinance

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dc.contributor Svenska handelshögskolan, institutionen för nationalekonomi, nationalekonomi sv
dc.contributor Hanken School of Economics, Department of Economics, Economics en
dc.contributor.author Kar, Ashim Kumar
dc.date.accessioned 2010-11-01T11:47:38Z fi
dc.date.accessioned 2011-03-02T13:20:39Z
dc.date.available 2010-11-01T11:47:38Z fi
dc.date.available 2011-03-02T13:20:39Z
dc.date.issued 2010-11-01
dc.identifier.isbn 978-952-232-099-5
dc.identifier.issn 0424-7256
dc.identifier.uri http://hdl.handle.net/10227/720
dc.identifier.uri URN:ISBN:978-952-232-099-5
dc.description.abstract Microfinance institutions (MFIs) are constrained by double bottom-lines: meeting social obligations (the first bottom-line) and obtaining financial self-sufficiency (the second bottom-line). The proponents of the first bottom-line, however, are increasingly concerned that there is a trade-off between these two bottom-lines—i.e., getting hold of financial self-sufficiency may lead MFIs to drift away from their original social mission of serving the very poor, commonly known as mission drift in microfinance which is still a controversial issue. This study aims at addressing the concerns for mission drift in microfinance in a performance analysis framework. Chapter 1 deals with theoretical background, motivation and objectives of the topic. Then the study explores the validity of three major and related present-day concerns. Chapter 2 explores the impact of profitability on outreach-quality in MFIs, commonly known as mission drift, using a unique panel database that contains 4-9 years’ observations from 253 MFIs in 69 countries. Chapter 3 introduces factor analysis, a multivariate tool, in the process of analysing mission drift in microfinance and the exercise in this chapter demonstrates how the statistical tool of factor analysis can be utilised to examine this conjecture. In order to explore why some microfinance institutions (MFIs) perform better than others, Chapter 4 looks at factors which have an impact on several performance indicators of MFIs—profitability or sustainability, repayment status and cost indicators—based on quality-data on 353 institutions in 77 countries. The study also demonstrates whether such mission drift can be avoided while having self-sustainability. In Chapter 5 we examine the impact of capital and financing structure on the performance of microfinance institutions where estimations with instruments have been performed using a panel dataset of 782 MFIs in 92 countries for the period 2000-2007. Finally, Chapter 6 concludes the study by summarising the results from the previous chapters and suggesting some directions for future studies. fi
dc.language.iso en
dc.publisher Svenska handelshögskolan sv
dc.publisher Hanken School of Economics en
dc.relation.ispartofseries Economics and Society
dc.relation.ispartofseries 217
dc.rights Publikationen är skyddad av upphovsrätten. Den får läsas och skrivas ut för personligt bruk. Användning i kommersiellt syfte är förbjuden. sv
dc.rights This publication is copyrighted. You may download, display and print it for Your own personal use. Commercial use is prohibited. en
dc.rights Julkaisu on tekijänoikeussäännösten alainen. Teosta voi lukea ja tulostaa henkilökohtaista käyttöä varten. Käyttö kaupallisiin tarkoituksiin on kielletty. fi
dc.subject microfinance fi
dc.subject microfinance institutions fi
dc.subject outreach fi
dc.subject sustainability fi
dc.subject capital structure fi
dc.subject performance fi
dc.subject mission drift fi
dc.subject panel data fi
dc.subject panel data estimation fi
dc.subject factor analysis fi
dc.subject cross-country study fi
dc.subject GMM estimation fi
dc.subject Hausman-Taylor estimation fi
dc.subject.other Economics fi
dc.title Sustainability and Mission Drift in Microfinance fi
dc.type.ontasot Doctoral thesis en
dc.type.ontasot Väitöskirja fi
dc.type.ontasot Doktorsavhandling sv
dc.type.dcmitype Text
dc.date.accepted 2010-11-12

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