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, cultural, or geographical which can change from one country to another. It is the regulation frame and its degree of …
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The objective of this paper is to analyze the relationship between risk management and performance of microfinance … institutions (MFIs). The devices tested are the choices of credit contracts and prudential regulation. Performance is understood in … three dimensions. It refers to profitability, operational performance and portfolio quality. Based on a sample of 148 …
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, we address the following question: what are the consequences, in terms of performance over time, of the adoption of an …
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