Publication:
Does Regulatory Supervision Curtail Microfinance Profitability and Outreach?

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dc.contributor.authorCull, Robert
dc.contributor.authorDemirguc-Kunt, Asli
dc.contributor.authorMorduch, Jonathan
dc.date.accessioned2012-03-30T07:33:24Z
dc.date.available2012-03-30T07:33:24Z
dc.date.issued2011
dc.description.abstractRegulation allows microfinance institutions to take deposits and expand their banking functions, but complying with regulation can be costly. We examine implications for institutions' profitability and their outreach to small-scale borrowers and women, using a newly-constructed dataset on 245 leading institutions. Controlling for the non-random assignment of supervision via treatment effects and instrumental variables regressions, we find evidence consistent with the hypothesis that profit-oriented microfinance institutions respond to supervision by maintaining profit rates but curtailing outreach to women and customers that are costly to reach. Institutions with a weaker commercial focus instead tend to reduce profitability but maintain outreach.en
dc.identifier.citationWorld Development
dc.identifier.issn0305750X
dc.identifier.urihttps://hdl.handle.net/10986/5555
dc.language.isoEN
dc.relation.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rights.holderWorld Bank
dc.subjectBanks
dc.subjectOther Depository Institutions
dc.subjectMicro Finance Institutions
dc.subjectMortgages G210
dc.subjectFinancial Institutions and Services: Government Policy and Regulation G280
dc.subjectEconomics of Gender
dc.subjectNon-labor Discrimination J160
dc.subjectEconomics of Regulation L510
dc.subjectEconomic Development: Financial Markets
dc.subjectSaving and Capital Investment
dc.subjectCorporate Finance and Governance O160
dc.titleDoes Regulatory Supervision Curtail Microfinance Profitability and Outreach?en
dc.title.alternativeWorld Developmenten
dc.typeJournal Articleen
dc.typeArticle de journalfr
dc.typeArtículo de revistaes
dspace.entity.typePublication
okr.doctypeJournal Article
okr.externalcontentExternal Content
okr.identifier.externaldocumentum463
okr.journal.nbpages949-965
okr.language.supporteden
okr.peerreviewAcademic Peer Review
okr.relation.associatedurlhttp://dx.doi.org/10.1016/j.worlddev.2009.10.016
okr.relation.associatedurlhttp://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=1246011&site=ehost-live
okr.relation.associatedurlhttp://www.elsevier.com/wps/find/journaldescription.cws_home/386/description#description
okr.volume39
relation.isAuthorOfPublication234a20c0-893c-561a-8c90-6f5be5be5b9b
relation.isAuthorOfPublication.latestForDiscovery234a20c0-893c-561a-8c90-6f5be5be5b9b
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