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The Impact of Social Beliefs on Microfinance Performance

Burzynska, Katarzyna LU and Berggren, Olle (2015) In Journal of International Development 27(7). p.1074-1097
Abstract
We apply a panel of 331 microfinance institutions from 37 countries to investigate the relationship between social beliefs and microfinance financial performance over the period of 2003-2011. We find that microfinance institutions in countries with higher levels of trust and more collectivist culture have lower operating and default costs and charge lower interest rates. These results provide the first large cross-country evidence that social beliefs are important determinants of microfinance performance. Copyright (c) 2014 John Wiley & Sons, Ltd.
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
collectivism, trust, informal institutions, performance, microfinance
in
Journal of International Development
volume
27
issue
7
pages
1074 - 1097
publisher
John Wiley & Sons
external identifiers
  • wos:000363696200011
  • scopus:84945458907
ISSN
1099-1328
DOI
10.1002/jid.3053
language
English
LU publication?
yes
id
4c92444a-aad1-4da0-a820-97bfbf3d9759 (old id 8401078)
date added to LUP
2015-12-21 08:47:44
date last changed
2017-09-17 03:35:50
@article{4c92444a-aad1-4da0-a820-97bfbf3d9759,
  abstract     = {We apply a panel of 331 microfinance institutions from 37 countries to investigate the relationship between social beliefs and microfinance financial performance over the period of 2003-2011. We find that microfinance institutions in countries with higher levels of trust and more collectivist culture have lower operating and default costs and charge lower interest rates. These results provide the first large cross-country evidence that social beliefs are important determinants of microfinance performance. Copyright (c) 2014 John Wiley & Sons, Ltd.},
  author       = {Burzynska, Katarzyna and Berggren, Olle},
  issn         = {1099-1328},
  keyword      = {collectivism,trust,informal institutions,performance,microfinance},
  language     = {eng},
  number       = {7},
  pages        = {1074--1097},
  publisher    = {John Wiley & Sons},
  series       = {Journal of International Development},
  title        = {The Impact of Social Beliefs on Microfinance Performance},
  url          = {http://dx.doi.org/10.1002/jid.3053},
  volume       = {27},
  year         = {2015},
}