Revealed objective functions of Microfinance Institutions: Evidence from Bangladesh

Journal of Development Economics

Volumn 104, Issue , 2013, Pages 34-55

  Salim, Mir M ^a  

^a UNIVERSITY OF VIRGINIA   (United States)

Author keywords

Microfinance; Not for profit; Objective functions

Indexed keywords

GRAMEEN BANK; LOCATION DECISION; MICROFINANCE; POVERTY ALLEVIATION;

BANGLADESH;

EID: 84877916387     PISSN: 03043878     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jdeveco.2013.03.011     Document Type: Article

References (50)

1. Alamgir Dewan A.H., Wright David L. Inclusive Financial System Reforms: What Works, What Doesn't and Why? Country Report: Bangladesh 2007, GTZ.
2. Armendariz, Beatriz and Ariane Szafarz, "On Mission Drift In Microfinance Institutions," Mimeo, Universite Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB), April 2009, (09-015.RS).
3. Aubert C., de Janvry A., Sadoulet E. Designing credit agent incentives to prevent mission drift in pro-poor microfinance institutions. Journal of Development Economics 2009, 90(1):153-162.
4. Banerjee, Abhijit, Esther Duflo, Rachel Glennerster, and Cynthia Kinnan, "The miracle of microfinance? Evidence from a randomized evaluation," Mimeo, MIT, 2009.
5. Bangladesh Bureau of Statistics Statistical Pocketbook of Bangladesh 2005 2006, Bangladesh Bureau of Statistics.
6. Burgess Robin, Pande Rohini Do rural banks matter? Evidence from the Indian social banking experiment. American Economic Review 2005, 95(3):780-795.
7. Casini, Paolo, "Competition and Altruism in Microcredit Markets," Mimeo, ECARES, Universite Libre de Bruxelles, 2008.
8. Chaudhary Nitin, Rai Suyash MFI pricing and valuation: an analysis of key drivers. IFMR Trust Discussion Note 2009.
9. Conley T.G. GMM estimation with cross sectional dependence. Journal of Econometrics 1999, 92(1):1-45.
10. Credit and Development Forum CDF Microfinance Statistics 2003, vol. 16. Credit and Development Forum.
11. Credit and Development Forum CDF Microfinance Statistics 2005, vol. 18. Credit and Development Forum.
12. Credit and Development Forum Bangladesh Microfinance Country Profile 2006, Credit and Development Forum.
13. Cull R., Demirgüç-Kunt A., Morduch J. Microfinance meets the market. Journal of Economic Perspectives 2009, 23(1):167-192.
14. Elbers Chris, Lanjouw Jean O., Lanjouw Peter Micro-level estimation of poverty and inequality. Econometrica 2003, 71(1):355-364.
15. Elbers Chris, Fujii Tomoki, Lanjouw Peter, Özler Berk, Yin Wesley Poverty alleviation through geographic targeting: how much does disaggregation help?. Journal of Development Economics 2007, 83(1):198-213.
16. Fruttero A., Gauri V. The strategic choices of NGOS: location decisions in rural Bangladesh. Journal of Development Studies 2005, 41(5):759-787.
17. Gauri Varun, Galef Julia NGOs in Bangladesh: activities, resources, and governance. World Development 2005, 33(12):2045-2065.
18. Goldberg Nathanael Measuring the Impact of Microfinance: Taking Stock of What We Know 2005, Grameen Foundation USA Publication Series.
19. Grameen Bank, Grameen Bank Annual Report 2003, 2004, 2005.
20. Halder Shantana Poverty outreach and BRAC's microfinance interventions: programme impact and sustainability. BRAC RED Report 2003.
21. Jia P. What happens when Wal-Mart comes to town: an empirical analysis of the discount retailing industry. Econometrica 2008, 76(6):1263-1316.
22. Karlan Dean, Zinman Jonathan Expanding microenterprise credit access: using randomized supply decisions to estimate the impacts in Manila. Economic Growth Center, Yale University Working Paper 2010, paper 976.
23. Khandker S.R. Microfinance and poverty: evidence using panel data from Bangladesh. World Bank Economic Review 2005, 19(2):263-286.
24. Klepper Steven Product life cycle. The New Palgrave Dictionary of Economics 2008, Palgrave Macmillan, Basingstoke.
25. McFadden Daniel A method of simulated moments for estimation of discrete response models without numerical integration. Econometrica 1989, 57(5):995-1026.
26. McIntosh C., De Janvry A., Sadoulet E. How rising competition among microfinance institutions affects incumbent lenders. The Economic Journal 2005, 115(506):987-1004.
27. Mersland Roy, Øystein Strøm R. Microfinance mission drift?. World Development 2010, 38(1):28-36.
28. MIX The Microfinance Information Exchange http://www.mixmarket.org.
29. Morduch Jonathan The role of subsidies in microfinance: evidence from the Grameen Bank. Journal of Development Economics 1999, 60(1):229-248.
30. Nishida, Mitsukuni, "Estimating a Model of Strategic Store-Network Choice," Mimeo, University of Chicago, 2008.
31. Palli Karma-Sahayak Foundation PKSF Maps on Microcredit Coverage in Bangladesh 2004, PKSF.
32. Palli Karma-Sahayak Foundation PKSF Maps on Microcredit Coverage in Bangladesh 2006, PKSF.
33. Roodman David, Morduch Jonathan The impact of microcredit on the poor in Bangladesh: Revisiting the evidence. Center for Global Development Working Paper 2009, paper 174.
34. Schlesinger M., Gray B.H. How nonprofits matter in American medicine, and what to do about it. Health affairs 2006, 25(4):W287-W303.
35. Sharma M., Zeller M. Placement and outreach of group-based credit organizations: the cases of ASA, BRAC, and PROSHIKA in Bangladesh. World Development 1999, 27(12):2123-2136.
36. Steinberg Richard, Weisbrod Burton A. Non-profit organizations. The New Palgrave Dictionary of Economics 2008, Palgrave Macmillan, Basingstoke.
37. Sundaram Rangarajan K. A First Course in Optimization Theory 1996, Cambridge University Press.
38. Tarski A. A lattice theoretical fixpoint theorem and its applications. Pacific Journal of Mathematics 1955, 5(2):285-309.
39. Tharoor Shashi The Crisis of Microfinance Project Syndicate website, (03). http://www.project-syndicate.org/commentary/tharoor30/English.
40. Thomas Scott J. Do not-for-profit firms behave differently?. NERA Antitrust Insights 2005, (Sept/Oct 2005).
41. TMSS Credit Rating Report on TMSS 2005, TMSS.
42. Topkis Donald M. Equilibrium points in nonzero-sum n-person submodular games. SIAM Journal on Control and Optimization 1979, 17.
43. Topkis Donald M. Supermodularity and Complementarity 1998, Princeton Univeristy Press.
44. UNDP Human Development Report 2005 2005, UNDP.
45. Vives Xavier Nash equilibrium with strategic complementarities. Journal of Mathematical Economics 1990, 19(3):305-321.
46. Vives Xavier Complementarities and games: new developments. Journal of Economic Literature 2005, 43(2):437-479.
47. Vogelgesang U. Microfinance in times of crisis: the effects of competition, rising indebtedness, and economic crisis on repayment behavior. World Development 2003, 31(12):2085-2114.
48. Werker E., Ahmed F.Z. What do nongovernmental organizations do?. Journal of Economic Perspectives 2008, 22(2):73-92.
49. World Bank The Economics and Governance of Non Governmental Organizations (NGOs) in Bangladesh 2005, World Bank Consultation Draft.
50. Yunus Muhammad Creating a World Without Poverty: Social Business and the Future of Capitalism, Public Affairs 2008.