Deposit-borrowing substitutability: Evidence from microfinance institutions around the world

被引：2

作者：

Shettima, Usman ^{[1
]}

Dzolkarnaini, Nazam ^{[2
]}

机构：

[1] Rayyan Microfinance Bank, Maiduguri, Nigeria

[2] Univ Bradford, Sch Management, Accounting Finance & Econ Dept, Bradford, England

来源：

INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS | 2024年 / 29卷 / 03期

关键词：

dynamic panel data; GMM; institutional setting; international evidence; microfinance institutions; sustainable development goals (SDGs); CAPITAL STRUCTURE; DEBT; CREDIT; INFORMATION; FIRMS; DETERMINANTS; EFFICIENCY; GOVERNANCE; CONTRACTS; DECISIONS;

D O I：

10.1002/ijfe.2817

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Drawing from 645 microfinance institutions across 56 countries, this paper examines the deposit-borrowing dynamic of microfinance institutions' source of capital. We find that deposits and borrowings are substitutes rather than complements. We further find that the degree of substitutability is more pronounced among microfinance institutions operating in a developed financial sector where the level of information asymmetry is lower. Our findings represent novel contribution in understanding microfinance institutions' funding behaviour that supports its quest for further growth and long-term sustainability.

引用

页码：3326 / 3343

页数：18

共 64 条

[1] AN INCOMPLETE CONTRACTS APPROACH TO FINANCIAL CONTRACTING [J].