Microfinance institutions and efficiency

被引：164

作者：

Gutierrez-Nieto, Begona

Serrano-Cinca, Carlos

Molinero, Cecilio Mar

机构：

[1] Univ Zaragoza, Dept Contabil & Finanzas, Zaragoza 50005, Spain

[2] Univ Kent, Kent Business Sch, Canterbury CT2 7NZ, Kent, England

来源：

OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE | 2007年 / 35卷 / 02期

关键词：

DEA; efficiency; banking; operations management; microfinance; microcredit;

D O I：

10.1016/j.omega.2005.04.001

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

Microfinance Institutions (MFIs) are special financial institutions. They have both a social nature and a for-profit nature. Their performance has been traditionally measured by means of financial ratios. The paper goes beyond simple financial ratios using a data envelopment analysis (DEA) approach to measure the efficiency of MFIs. Special care is taken in the specification of the DEA model. We take a methodological approach based on multivariate analysis. We rank DEA efficiencies under different models and specifications; e.g. particular sets of inputs and outputs. This serves to explore what is behind a DEA score. The results show that we can explain MFIs efficiency by means of four principal components of efficiency, and this way we are able to understand differences between DEA scores. It is shown that there are country effects on efficiency; and effects that depend on non-governmental organization (NGO)/non-NGO status of the MFI. (c) 2005 Elsevier Ltd. All rights reserved.

引用

页码：131 / 142

页数：12

共 42 条

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