Green Microfinance. Characteristics of microfinance institutions involved in environmental management
AbstractIn recent years, development practice has seen that microfinance institutions (MFIs), beyond their financial and social objectives, start considering their environmental bottom line. Yet, little is known on the characteristics of institutions involved in environmental management. For the first time, this paper empirically identifies the characteristics of these ‘green’ MFIs on a sample of 160 microfinance institutions worldwide. Basing our analysis on various econometric tests, we find that larger MFIs and MFIs registered as banks tend to perform better in environmental policy and environmental risk assessment. Furthermore, more mature MFIs tend to have a better environmental performance, in particular in the provision of green microcredit and environmental non-financial services. On the other hand, financial performance is not significantly related to environmental performance, suggesting that ‘green’ MFIs are not more or less profitable than other microfinance institutions.
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Bibliographic InfoPaper provided by ULB -- Universite Libre de Bruxelles in its series Working Papers CEB with number 13-005.
Length: 37 p.
Date of creation: 25 Jan 2013
Date of revision:
Publication status: Published by:
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Microfinance; Environment; Microcredit; Corporate Social Responsibility; Size; Financial Performance;
Find related papers by JEL classification:
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- D20 - Microeconomics - - Production and Organizations - - - General
- Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
- Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-02-03 (All new papers)
- NEP-BAN-2013-02-03 (Banking)
- NEP-ENV-2013-02-03 (Environmental Economics)
- NEP-MFD-2013-02-03 (Microfinance)
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- Simon Cornée & Ariane Szafarz, 2012.
"Vive la Différence: Social Banks and Reciprocity in the Credit Market,"
Working Papers CEB
12-029, ULB -- Universite Libre de Bruxelles.
- Simon Cornée & Ariane Szafarz, 2013. "Vive la Différence: Social Banks and Reciprocity in the Credit Market," Post-Print halshs-00874615, HAL.
- Marion Allet, 2014. "Why Do Microfinance Institutions Go Green? An Exploratory Study," Journal of Business Ethics, Springer, vol. 122(3), pages 405-424, July.
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