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地中海国家小额信贷机构的绩效

时间:2016-04-25 16:51来源:www.ukthesis.org 作者:英国论文网 点击联系客服: 客服:Damien

地中海国家小额信贷机构的绩效
Performance Of Microfinance Institutions In Mediterranean Countries


本文探讨在推广和可持续发展的条件下,经验治理机制与欧洲地中海的小额信贷机构的绩效之间的关系(MFI)。具体来说,我们发现,管理者的绩效薪酬没有与性能较好的小额信贷机构相关。结果确定小额贷款的推广和可持续发展之间的权衡取决于较大的板尺寸,并对独立董事比例更高。此外,研究表明,女性在董事会表现的更好,并揭示了外部治理机制帮助小额信贷机构实现更好的财务业绩。这项研究也使我们能够区分其他因素,形成一个更好的可持续发展,如调节个人贷款的使用方法。然而,小额信贷机构作为非政府组织,他们的社会使命似乎与财务绩效更一致。
小额信贷是被穷人排除在金融/信贷市场,因为他们认为unbankable提供金融和非金融服务。事实上,小额信贷机构的发展主要是由于个人和援助机构致力于确保穷人获得某种形式的信贷的想法的结果。大多数的小额信贷机构声称它们具有达到贫困者的双重使命(宣传)和经济上的可持续(可持续发展)。
虽然达到最贫穷和减贫的社会目标是有效的,但财政可持续性作为核心管理和治理问题已成为一个问题。萎缩的资源库供资金支持的需求越来越大,赠款和软贷款意味着小额信贷机构最终将不得不支持自己(雷格伍德,2000)。


This paper examines empirically the relation between governance mechanisms and the performance of Euro-Mediterranean microfinance institutions (MFIs) in terms of outreach and sustainability. Specifically, we found that performance-based compensation of managers is not associated with better performance of MFIs. The results identify tradeoffs between MFIs outreach and sustainability depending on larger boards size, and on higher proportion of unaffiliated directors. Moreover, the study shows that the more women there are on a board the better the performance, and reveals that external governance mechanisms help MFIs to achieve better financial performance. This study also allows us to distinguish other factors leading to a better sustainability such as Regulation, the use of individual lending methodology. However, the MFIs active as NGOs seem to be more consistent with their social mission than with their financial performance.


1. Introduction——简介

Microfinance is the provision of financial and non financial services to the poor who are excluded from financial/credit markets because they are considered unbankable. Indeed, microfinance institutions has evolved primarily as a consequence of the efforts individuals and assistance agencies committed to the idea of ensuring that the poor people has access to some form of credit. The majority of MFIs claims having a dual mission of reaching poor borrowers (outreach), and being financially sustainable (sustainability).(责任编辑:cinq)



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