库兹涅茨曲线假说能解释小额信贷机构的使命漂移吗?来自发展中国家的证据

Md Aslam Mia , Adamu Jibir , Arpita Sharma , Musa Abdu
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引用次数: 0

摘要

为了使小额金融机构对社会产生重大影响,它们必须同时实现财务可持续性和外联目标。然而,当小额金融机构以牺牲其外联目标为代价来优先考虑财务可持续性时,这被视为使命漂移。本研究引入库兹涅茨曲线假说的概念来解释MFI中任务漂移的发生。通过分析2010年至2018年间105个新兴国家1323家独特小额金融机构的数据,我们的研究结果证实了外联和金融目标的库兹涅茨曲线的存在。调查结果表明,小额金融机构最初优先考虑为更多女性客户提供服务的外联目标,但随着固定资产的扩张和积累,逐渐将重点转向财务绩效。此外,我们还实证量化了小额金融机构的关键资产规模,超过该规模,它们不太可能实现其外联和财务可持续性目标。还讨论了这些发现对政策的影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Can Kuznets curve hypothesis explain the mission drift of microfinance institutions? Evidence from developing countries

In order for microfinance institutions (MFIs) to significantly impact the society, they must achieve both financial sustainability and outreach goals simultaneously. However, when MFIs prioritize financial sustainability at the expense of their outreach goals, it is regarded as mission drift. This study introduces the concept of the Kuznets curve hypothesis to explain the occurrence of mission drift in MFIs. By analysing data from 1,323 unique MFIs across 105 emerging countries, between 2010 and 2018, our findings corroborate the existence of the Kuznets curve for outreach and financial goals. The findings demonstrate that MFIs initially prioritize their outreach goal of serving more female clients but gradually shift focus towards financial performance as they expand and accumulate fixed assets. Moreover, we also empirically quantified the critical asset size of MFIs beyond which they are less likely to achieve their outreach and financial sustainability goals. The implications of these findings for policy are also discussed.

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