Performance of microfinance institutions in Europe-Does social capital matter?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43310%2F19%3A43914415" target="_blank" >RIV/62156489:43310/19:43914415 - isvavai.cz</a>
Alternative codes found
RIV/61384399:31130/19:00053705
Result on the web
<a href="https://doi.org/10.1016/j.seps.2018.11.007" target="_blank" >https://doi.org/10.1016/j.seps.2018.11.007</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.seps.2018.11.007" target="_blank" >10.1016/j.seps.2018.11.007</a>
Alternative languages
Result language
angličtina
Original language name
Performance of microfinance institutions in Europe-Does social capital matter?
Original language description
This paper investigates performance drivers of microfinance suppliers in Europe. As such suppliers, in contrast to advanced microfinance suppliers in developing economies, typically focus on uncollateralized microcredit services to individuals at the margins of society and of labor markets, we draw on the theory of social capital and empirically investigate the role that social capital may play in the overall performance of European microfinance suppliers. We build a unique, unbalanced panel data set of 302 microfinance service providers in Europe covering the years 2008-2015, and measure their performance in terms of credit risk, financial and social performance, and efficiency. Pursuing an econometric approach, we test a series of hypotheses using various measures of conditions conducive to building social capital on both the institutional and the country level, such as the client base of a microfinance supplier and the level of cultural fractionalization in a society. Our findings confirm that a higher intensity of social capital is positively associated with all areas of the performance of microfinance suppliers in Europe. Our conclusions could help in the design and launch of microfinance institutions in those European countries in which microfinance markets are developed not at all or only to a very limited extent. Our paper thus contributes to the nascent literature on microfinance in developed economies by applying and extending the theoretical framework and empirical models on social capital and microfinance that were originally elaborated for developing economies.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Socio-Economic Planning Sciences
ISSN
0038-0121
e-ISSN
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Volume of the periodical
68
Issue of the periodical within the volume
December
Country of publishing house
GB - UNITED KINGDOM
Number of pages
15
Pages from-to
100670
UT code for WoS article
000503052700020
EID of the result in the Scopus database
2-s2.0-85057581028