Diversification of Microfinance Institutions: Determinants for Entering the Remittances Market
AbstractAs financial intermediaries, microfinance institutions (MFIs) contribute to integrate remittances into the formal financial system. Using a database including 225 MFIs from Latin America and the Caribbean, this paper investigates the institutional factors that influence the MFI decision-making process of entering the remittances market. Operational, managerial, and financial performances are considered as potential explanatory factors. Results exhibit that financial performance has the highest impact on the MFIs’ decision to diversify by offering a remittances service. Latest version (August 2011): http://www.solvay.edu/sites/upload/files/CEB_WorkingPapers/LastUpdate/wp10043.pdf
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Bibliographic InfoPaper provided by ULB -- Universite Libre de Bruxelles in its series Working Papers CEB with number 10-043.
Length: 26 p.
Date of creation: Sep 2010
Date of revision:
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microfinance; remittances; money transfer activity; diversification;
Find related papers by JEL classification:
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-09-11 (All new papers)
- NEP-BAN-2010-09-11 (Banking)
- NEP-DEV-2010-09-11 (Development)
- NEP-MFD-2010-09-11 (Microfinance)
- NEP-MIG-2010-09-11 (Economics of Human Migration)
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