| Publikationstyp: | Beitrag in wissenschaftlicher Zeitschrift |
| Art der Begutachtung: | Peer review (Publikation) |
| Titel: | Outreach and performance of microfinance institutions : the importance of portfolio yield |
| Autor/-in: | Meyer, Julia |
| et. al: | No |
| DOI: | 10.1080/00036846.2018.1564016 |
| Erschienen in: | Applied Economics |
| Band(Heft): | 51 |
| Heft: | 27 |
| Seite(n): | 2945 |
| Seiten bis: | 2962 |
| Erscheinungsdatum: | 7-Jan-2019 |
| Verlag / Hrsg. Institution: | Routledge |
| ISSN: | 0003-6846 1466-4283 |
| Sprache: | Englisch |
| Schlagwörter: | Microfinance; Financial return; Outreach; Operating expense; Portfolio yield |
| Fachgebiet (DDC): | 332.1: Banken |
| Zusammenfassung: | In this paper, we examine the interaction between social outreach and financial return in microfinance. Running multivariate regression models and using 1,805 observations of microfinance institutions between 2004 and 2013, we find strong evidence suggesting that institutions with more social engagement – in terms of outreach to the poor – earn higher portfolio yields. We also find that measures of outreach are associated with increased operating expenses. As return figures are influenced by both costs and yield, and because both increase to a similar degree with the depth of outreach, these two effects lead to a zero sum result on return measures. This finding could explain why existing studies assessing the interaction between social outreach and different measures of financial performance in microfinance (such as return on assets/equity, operating expenses, operational self-sufficiency) have not produced consistent results. |
| URI: | https://www.zora.uzh.ch/id/eprint/162877/ https://digitalcollection.zhaw.ch/handle/11475/20957 |
| Volltext Version: | Publizierte Version |
| Lizenz (gemäss Verlagsvertrag): | Lizenz gemäss Verlagsvertrag |
| Departement: | School of Management and Law |
| Enthalten in den Sammlungen: | Publikationen School of Management and Law |
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Meyer, J. (2019). Outreach and performance of microfinance institutions : the importance of portfolio yield. Applied Economics, 51(27), 2945–2962. https://doi.org/10.1080/00036846.2018.1564016
Meyer, J. (2019) ‘Outreach and performance of microfinance institutions : the importance of portfolio yield’, Applied Economics, 51(27), pp. 2945–2962. Available at: https://doi.org/10.1080/00036846.2018.1564016.
J. Meyer, “Outreach and performance of microfinance institutions : the importance of portfolio yield,” Applied Economics, vol. 51, no. 27, pp. 2945–2962, Jan. 2019, doi: 10.1080/00036846.2018.1564016.
MEYER, Julia, 2019. Outreach and performance of microfinance institutions : the importance of portfolio yield. Applied Economics [online]. 7 Januar 2019. Bd. 51, Nr. 27, S. 2945–2962. DOI 10.1080/00036846.2018.1564016. Verfügbar unter: https://www.zora.uzh.ch/id/eprint/162877/
Meyer, Julia. 2019. “Outreach and Performance of Microfinance Institutions : The Importance of Portfolio Yield.” Applied Economics 51 (27): 2945–62. https://doi.org/10.1080/00036846.2018.1564016.
Meyer, Julia. “Outreach and Performance of Microfinance Institutions : The Importance of Portfolio Yield.” Applied Economics, vol. 51, no. 27, Jan. 2019, pp. 2945–62, https://doi.org/10.1080/00036846.2018.1564016.
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