Do regulated microfinance institutions achieve better sustainability and outreach? Cross-country evidence

By Valentina Hartarska, Denis Nadolnyak. 2007

521 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Management Information Systems

View Paper: https://www.semanticscholar.org/paper/f44cc1e2cdac319a73f559e43a77a26b99b98c54

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Citations in the corpus

Outreach and Efficiency of Microfinance Institutions (2011, methodology): “…attention away from outreach, if regulatory requirements focus too much on financial goals such as capital adequacy, financial sustainability, etc. Hartarska and Nadolnyak (2007), using data for 114 MFIs from 62 countries specifically investigate the impact of regulation on the performance of…”
Performance and governance in microfinance institutions (2009, background): “Hartarska and Nadolnyak (2007) confirm that regulation has no direct effect on social and financial performance of MFIs, but may indirectly affect outreach if regulated MFIs are allowed the mobilisation of savings.”
Social and financial efficiency of Islamic microfinance institutions:a Data Envelopment Analysis application (2015, background): “These confirm Hartarska & Nadolnyak (2007) for MFIs in dataset that regulating MFIs do not guarantee higher performance.”
Microfinance: its Impact, Outreach and Sustainability (2011, background): “Hermes et al. find strong evidence that outreach is negatively related to efficiency of MFIs. More specifically, MFIs that have lower average loan balances are also clearly less efficient. Moreover, MFIs that have more women borrowers as clients are also less efficient. The results remain robustly s”
Islamic Banking Sustainability: A Review of Literature and Directions for Future Research (2016, background): “The institutional scholars are concerned with the long-term viability and survival of the institutions via financial and operational sufficiency(Cull, Demirgüç-Kunt, and Morduch 2007; Hartarska and Nadolnyak 2007).”
Performance and trade-offs in microfinance organisations--does ownership matter? (2008, background): “In another study Hartarska and Nadolnyak (2007) found that regulation did not affect either social nor financial performance in MFOs.”
Depth of outreach and financial sustainability of microfinance institutions (2012, methodology): “Hartarska and Nadolnyak (2007), Hisako (2009) and Manos and Yaron (2009) have used data from Mix Market.”
Do microfinance institutions accomplish their mission? Evidence from the relationship between traditional financial sector development and microfinance institutions’ outreach and performance (2013, background): “(13)Age squared is here introduced because the assumption is that the older the MFI, the better it performs, but this effect reduces with age (Hartarska and Nadolnyak, 2007).”
Which Governance Mechanisms Promote Efficiency in Reaching Poor Clients? Evidence from Rated Microfinance Institutions (2012, unknown): “However, Hartarska and Nadolnyak (2007) find that better outreach (measured as the number of borrowers) is associated with higher levels of savings, suggesting an indirect effect of regulation on outreach if regulation is required for deposit-taking activity.”
Scale economies and input price elasticities in microfinance institutions (2013, unknown): “Several microfinance studies have reported that MFI performance is not affected by the type of organization (lendingonly vs. deposit-collecting) and financial banking regulations; therefore, efficiency studies analyze all MFIs as an industry (Hartarska and Nadolnyak, 2007; Mersland and Strøm, 2009).”
Outreach and performance of microfinance institutions: a panel analysis (2015, background): “While these changes may have improved the efficiency of MFIs (Hartarska and Nadolnyak, 2007), it is also argued that it came at the cost of lower outreach.”
Determinants of the Performance of Microfinance Institutions: A Systematic Review (2018, background): “Most of these studies find that the regulatory environment has either no or a negative impact, especially on social performance (Ahlin et al., 2011; Anku-Tsede, 2014; Halouani and Boujelbène, 2015; Hartarska and Nadolnyak, 2007; Pati, 2012; Pati, 2015; Bakker et al., 2014; Mersland and Strøm, 2009; ”