驾驭连环涟漪:关于 COVID-19 经济衰退与微型金融机构 (MFI) 财务状况之间相互作用的研究

Santhosh Kumar K., P. S. Aithal
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摘要

目的:微型金融机构(MFIs)的成功取决于在充满挑战的经济环境中做出有效的决策,因此必须具备预测和驾驭未来商业环境的能力。本研究旨在探讨财务业绩与 COVID-19 大流行对在印度国家证券交易所(NSE)上市的小额金融机构的影响之间的关系。通过分析财务数据和采用统计技术,本研究试图阐明小额金融机构在大流行期间的抗灾能力以及财务比率在预测每股收益 (EPS) 中的作用。此外,本研究还旨在加深对小额信贷行业财务指标与组织成果之间相互作用的理解:本研究采用定量方法,利用从 2018 年至 2022 年在 NSE 上市的部分小额金融机构的季度财务报告中获得的二手数据。采用配对 t 检验、相关性和回归等统计分析方法,评估 COVID-19 大流行衰退对小额贷款机构盈利能力的影响,并研究财务比率与每股收益(EPS)之间的关系:尽管 COVID-19 大流行导致经济衰退,但印度小额金融机构(MFIs)的盈利能力基本未受影响,大流行前后的息税前盈利(EBIT)差异不大。回归分析凸显了流动比率、总资产比率、净利润比率和毛利润比率等财务比率对每股收益(EPS)的重要影响,强调了该行业的复原力以及财务分析在预测小额金融机构业绩方面的重要性:论文类型: 实证研究:实证研究。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Navigating the Cascading Ripples: A Study on the Interplay between the COVID-19 Recession and the Financial Fortunes of Micro Finance Institutions (MFIs)
Purpose: The success of Micro Finance Institutions (MFIs) hinges on effective decision-making amidst challenging economic circumstances, necessitating the ability to anticipate and navigate future business conditions. This research aims to explore the relationship between financial performance and the COVID-19 pandemic's impact on MFIs listed on the National Stock Exchange (NSE) in India. By analyzing financial data and employing statistical techniques, the study seeks to elucidate the resilience of MFIs during the pandemic and the role of financial ratios in predicting earnings per share (EPS). Additionally, the research aims to contribute to a deeper understanding of the interplay between financial indicators and organizational outcomes within the microfinance sector. Design/Methodology/Approach: This research adopts a quantitative approach, utilizing secondary data obtained from quarterly financial reports of selected MFIs listed on the NSE from 2018 to 2022. Statistical analyses such as paired t-tests, correlation, and regression are employed to assess the impact of the COVID-19 pandemic recession on MFIs' profitability and to investigate the relationship between financial ratios and earnings per share (EPS). Findings/Result: Despite the COVID-19 pandemic recession, the profitability of Indian Micro Finance Institutions (MFIs) remained largely unaffected, as indicated by non-significant differences in earnings before interest and taxes (EBIT) before and after the pandemic. Regression analysis highlighted significant influences of financial ratios like the current ratio, total asset ratio, net profit ratio, and gross profit ratio on earnings per share (EPS), underscoring the sector's resilience and the importance of financial analysis in predicting MFI performance. Originality/Value: This research offers novel insights into the resilience of Indian Micro Finance Institutions (MFIs) during the COVID-19 pandemic and underscores the significance of financial analysis in guiding strategic decision-making processes within the microfinance sector. Paper Type: Empirical Research.
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