IDEAS home Printed from https://ideas.repec.org/p/sol/wpaper/2013-128723.html
   My bibliography  Save this paper

Microfinance Investment Vehicles and Social Performance: Moving forward with the MACBETH Approach

Author

Listed:
  • Jean-Marie De Corte
  • Marc Labie
  • Ludovic Urgeghe
  • Jean-Claude Vansnick

Abstract

In a context where MIVs face several bottlenecks regarding their future role in the microfinance industry, this paper suggests a brand new way of reviewing their commitment to double bottom line returns. We suggest using the MACBETH (Measuring Attractiveness by a Categorical Based Evaluation TecHnique) approach as an investment screening method which, combined to existing social performance tools such as the Social Performance Indicators, can ensure that investment decisions are taken in accordance with socially responsible investors’ values. This approach could contribute to the emergence of the transparency MIVs need in ensuring the whole sector that their commitment to double bottom line returns is real.

Suggested Citation

  • Jean-Marie De Corte & Marc Labie & Ludovic Urgeghe & Jean-Claude Vansnick, 2012. "Microfinance Investment Vehicles and Social Performance: Moving forward with the MACBETH Approach," Working Papers CEB 12-025, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:sol:wpaper:2013/128723
    as

    Download full text from publisher

    File URL: https://dipot.ulb.ac.be/dspace/bitstream/2013/128723/1/wp12025.pdf
    Download Restriction: info:eu-repo/semantics/openAccess

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

    References listed on IDEAS

    as
    1. Cochran, Philip L., 2007. "The evolution of corporate social responsibility," Business Horizons, Elsevier, vol. 50(6), pages 449-454.
    2. Ludovic Urgeghe, 2010. "Les véhicules d'investissement en microfinance et le défi de la performance sociale," Mondes en développement, De Boeck Université, vol. 0(4), pages 69-82.
    3. Xavier Reille & Jasmina Glisovic-Mezieres & Yannis Berthouzoz & Damian Milverton, 2009. "MIV Performance and Prospects : Highlights from the CGAP 2009 MIV Benchmark Survey," World Bank Other Operational Studies 9490, The World Bank.
    4. Van den Bossche, Filip & Rogge, Nicky & Devooght, Kurt & Van Puyenbroeck, Tom, 2010. "Robust Corporate Social Responsibility investment screening," Ecological Economics, Elsevier, vol. 69(5), pages 1159-1169, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:eee:quaeco:v:65:y:2017:i:c:p:1-15 is not listed on IDEAS
    2. Lutz G. Arnold & Benedikt Booker & Gregor Dorfleitner & Michaela Röhe, 2016. "Refinancing MFIs with Market Power: Theory and Evidence," Working Papers 162, Bavarian Graduate Program in Economics (BGPE).

    More about this item

    Keywords

    Microfinance; Social performance; Microfinance Investment Vehicles; Investment screening; Multicriteria assessment;

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:sol:wpaper:2013/128723. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Benoit Pauwels). General contact details of provider: http://edirc.repec.org/data/cebulbe.html .

    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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.