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Economies (EMDEs) which merits research into the effect of financial development on the efficiency and sustainability of the … efficiency, and sustainability. Also, these studies are confined to the impact of financial development either on the efficiency … or sustainability of MFIs. Addressing this gap, the study attempts to explore the country-specific and MFIs …
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-specific variables. Data on regulation, supervision and monitoring variables, and activity restrictions are from the most recent Bank … Regulation and Supervision Survey database conducted by the World Bank, published 2012. Besides these we incorporate bank size … evidence suggests that the link between capital regulation and banking efficiency is not robust enough to control for other …
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