Assefa, Esubalew; Hermes, Niels; Meesters, Aljar - In: Applied Financial Economics 23 (2013) 9, pp. 767-782
This article examines the relationship between competition and the performance of Microfinance Institutions (MFIs). We measure competition by constructing a Lerner index. Next, we assess the association between increased competition among MFIs on the one hand and outreach and loan repayment...