Sheremenko, Ganna; Escalante, Cesar L.; Florkowski, … - Agricultural and Applied Economics Association - AAEA - 2012
This paper examines delinquency, profitability, and outreach determinants of microfinance institutions’ (MFIs) performance in Russia, the Caucasus, and Central Asia. The estimation is done using the Seemingly Unrelated Regression (SUR) technique. The estimation results suggest that the...