Armendáriz, Beatriz; Szafarz, Ariane - Volkswirtschaftliche Fakultät, … - 2011
This paper sheds light on a poorly understood phenomenon in microfinance which is often referred to as "mission drift …-period framework we pin down the conditions under which mission drift can emerge. Our framework shows that there is a thin line between … mission drift and cross-subsidization, which in turn makes it difficult for empirical researchers to establish whether a …