Arnone, Marco; Pellegrini, Carlo Bellavite; Messa, Andrea; … - In: International Journal of Economic Policy in Emerging … 5 (2012) 3, pp. 255-271
This paper presents an empirical analysis of the operational efficiency of microfinance institutions. Using a cross section of 750 microfinance institutions operating in Asia, Latin America and Sub-Saharan Africa, the analysis shows that operating costs and efficiency are negatively related....
