Capital Structure and Sustainability
An Empirical Study of Microfinance Institutions
Bibliographic Data
| ID | 19315132 |
|---|---|
| Authors | Vicki L Bogan (0000-0003-2659-8170, Cornell University, corresponding author) |
| Year | 2012 |
| Volume | 94 |
| Issue | 4 |
| Pages | 1045-1058 |
| Publication date | 2012-11-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Review of Economics and Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0034-6535 • E-ISSN: 1530-9142 |
| Publisher | MIT Press - Journals (PUBLISHER) |
| DOI | 10.1162/rest_a_00223 |
| OpenAlex | W2126107841 |
| Language | EN |
| Citations received | 18 |
| References cited | 15 |
The capital structure of lending institutions has become an increasingly prominent issue in the world of finance. Contemporaneously, microfinance institutions (MFIs) have risen to the forefront as invaluable lending institutions in the development process. Since capital constraints have hindered the expansion of microfinance programs and microfinance organizations have had various degrees of sustainability, the question of how best to finance these organizations is a key issue. This paper explores how changes in capital structure could improve MFI efficiency and financial sustainability. I find causal evidence supporting the assertion that increased use of grants by large MFIs decreases operational self-sufficiency
Assertion · Business · Capital (architecture) · Capital structure · Debt · Economic growth · Economics · Empirical evidence · Financial system · Microfinance · Sustainability · Finance · FinTech, Crowdfunding, Digital Finance · Islamic Finance and Banking Studies · Microfinance and Financial Inclusion
Community-Based Risk Management Arrangements
Exploring the Participation of Women in Financial Cooperatives and Credit Unions in Developing Countries
Success Factors of Microfinance Institutions
Performance of Asian MFIs
Analysis of the financial sustainability of the cooperative savings and credit sector in Peru
Women on Boards and Performance Trade-offs in Social Enterprises
Financial Sustainability of For-Profit Versus Non-Profit Microfinance Organizations Following a Scandal
Does corporate social responsibility pay? Evidence from social ratings in microfinance institutions
How Should Rural Financial Cooperatives Be Best Organized? Evidence From Ethiopia
Financing Structure and Financial Sustainability of Selected Sadc Microfinance Institutions (Mfis)
Relationship between microfinance institutions' self‐sustainability and financing sources
Performance of Microfinance Institutions
Does Commercial Microfinance Belong to the Financial Sector? Lessons from the Stock Market
Corporate governance in microfinance institutions
Measuring the Financial Sustainability and its Influential Factors in Microfinance Sector of Pakistan
The Factors Influencing the Participation of Women in Microfinance
The Poverty Penalty and Microcredit
Optimal sources of financing for microfinance institutions in sub-Saharan Africa
| Citations per year | 1.13 |
|---|---|
| Citation span | 2010 - 2026 (17) |
| Highly cited | No |