IDEAS home Printed from https://ideas.repec.org/a/ids/gbusec/v29y2023i4p525-542.html
   My bibliography  Save this article

Economic freedom and financial performance of microfinance institutions: Asian perspective

Author

Listed:
  • Faiza Liaqat
  • Sadia Farooq
  • Muhammad Usman
  • Nasira Perveen
  • Hafiza Muntaha Khalid

Abstract

This study aims at examining role of economic freedom in financial performance of Asian based MFIs. We have gathered data from 145 MFIs operating in 19 Asian countries during 2012-2018. Data on economic freedom and MFIs' financial performance have been collected from Heritage Foundation and MIX market respectively. System GMM is employed for data analysis due to endogeneity issues in dynamic panel data. Findings substantiate crucial role of various dimensions of economic freedom in MFIs' financial performance (i.e., business freedom, property rights, investment freedom, financial freedom, and trade freedom). Findings recommend MFIs to consider contextual factors before starting operations in any country, e.g., MFIs may prefer to operate in countries having higher investment freedom, business freedom, and financial freedom.

Suggested Citation

  • Faiza Liaqat & Sadia Farooq & Muhammad Usman & Nasira Perveen & Hafiza Muntaha Khalid, 2023. "Economic freedom and financial performance of microfinance institutions: Asian perspective," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 29(4), pages 525-542.
    • Handle: RePEc:ids:gbusec:v:29:y:2023:i:4:p:525-542
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=134380
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:gbusec:v:29:y:2023:i:4:p:525-542. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=168 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.