Does Regulatory Supervision Curtail Microfinance Profitability and Outreach?

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dc.contributor.author
Cull, Robert
en_US
dc.contributor.author
Demirguc-Kunt, Asli
en_US
dc.contributor.author
Morduch, Jonathan
en_US
dc.date.accessioned
2012-03-30T07:33:24Z
en_US
dc.date.available
2012-03-30T07:33:24Z
en_US
dc.date.issued
2011
en_US
dc.identifier.citation
World Development
en_US
dc.identifier.issn
0305750X
en_US
dc.identifier.uri
http://hdl.handle.net/10986/5555
en_US
dc.description.abstract
Regulation 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_US
dc.language.iso
EN
en_US
dc.relation.uri
http://creativecommons.org/licenses/by-nc-nd/3.0/igo
en_US
dc.subject
Banks
en_US
dc.subject
Other Depository Institutions
en_US
dc.subject
Micro Finance Institutions
en_US
dc.subject
Mortgages G210
en_US
dc.subject
Financial Institutions and Services: Government Policy and Regulation G280
en_US
dc.subject
Economics of Gender
en_US
dc.subject
Non-labor Discrimination J160
en_US
dc.subject
Economics of Regulation L510
en_US
dc.subject
Economic Development: Financial Markets
en_US
dc.subject
Saving and Capital Investment
en_US
dc.subject
Corporate Finance and Governance O160
en_US
dc.title
Does Regulatory Supervision Curtail Microfinance Profitability and Outreach?
en_US
dc.title.alternative
World Development
en_US
dc.type
Journal Article
en_US
okr.identifier.externaldocumentum
463
en_US
okr.volume
39
en_US
okr.doctype
Journal Article
en_US
dc.rights.holder
World Bank
en_US
okr.peerreview
Academic Peer Review
en_US
okr.relation.associatedurl
http://dx.doi.org/10.1016/j.worlddev.2009.10.016
en_US
okr.relation.associatedurl
http://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=1246011&site=ehost-live
en_US
okr.relation.associatedurl
http://www.elsevier.com/wps/find/journaldescription.cws_home/386/description#description
en_US
okr.externalcontent
External Content
en_US
okr.journal.nbpages
949-965
en_US
okr.relation.googlescholar
http://scholar.google.com/scholar?q=doi%3A10.1016%2Fj.worlddev.2009.10.016
okr.googlescholar.linkpresent
yes

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