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Microborrowers may take usurious loans to repay a loan taken from a microfinance institution because of having …. Microfinance programs should strive at preventing such consequences of bounded rationality. -- microfinance ; hyperbolic …
Persistent link: https://www.econbiz.de/10009620576
This paper investigates investment performance of microfinance investment funds. The examined funds have recorded lower … revealed that investment in microfinance investment funds that focus especially on debt instruments represents an attractive … investors with a particular interest in the socially responsible aspect of investment into microfinance. …
Persistent link: https://www.econbiz.de/10010322191
This paper investigates investment performance of microfinance investment funds. The examined funds have recorded lower … revealed that investment in microfinance investment funds that focus especially on debt instruments represents an attractive … investors with a particular interest in the socially responsible aspect of investment into microfinance. -- Microfinance …
Persistent link: https://www.econbiz.de/10003929610
This paper investigates investment performance of the most commercially developed microfinance investment funds and it … also includes a discussion of major economic characteristics of microfinance investments. When we analyze the relation … between microfinance funds' returns and the performance of stock and fixed income markets in developed and emerging economies …
Persistent link: https://www.econbiz.de/10013098019
microfinance investment vehicle to analyze how different motives affect the demand for distinct sustainable investments. Our …
Persistent link: https://www.econbiz.de/10012869575
In a general equilibrium economy with uninsurable aggregate liquidity shocks, we show that public information may trigger allocative inefficiency and liquidity crises. Entrepreneurs do not internalize the negative impact of their investment decisions on the equilibrium risk of liquidity...
Persistent link: https://www.econbiz.de/10013116285
Few micro…nance-funded businesses grow beyond subsistence entrepreneur-ship. This paper considers one possible explanation: that the structure ofexisting micro…nance contracts may discourage risky but high-expected returninvestments. To explore this possibility, I develop a theory that uni…es...
Persistent link: https://www.econbiz.de/10008845708
uncertainty and investment;ultimately this relationship is theoretically ambiguous. Using loan-level panel data from microfi…nance …
Persistent link: https://www.econbiz.de/10008860680
Persistent link: https://www.econbiz.de/10003963744
Persistent link: https://www.econbiz.de/10012878986