Hartarska, Valentina; Shen, Xuan; Mersland, Roy - In: Journal of Banking & Finance 37 (2013) 1, pp. 118-131
We evaluate the efficiency of microfinance institutions (MFIs) using a structural approach which also captures these institutions’ outreach and sustainability objectives. We estimate economies of scale and input price elasticities for lending-only and deposit-mobilizing MFIs using a large...