picture of worldwide microfinance equity from the viewpoint of a profit-oriented investor. We construct microfinance country … equity indices and an international global microfinance index. We analyse the changes in these indices, which we assess in … improves the investor's risk-return performance. While the inclusion of microfinance equity has indeed been a major source of …

This paper is the first to draw a global picture of worldwide microfinance equity by taking full advantage of daily … quoted prices. We revisit previous findings showing that investors should consider microfinance as a self-standing sector …. Our results are threefold: 1) Microfinance has become less risky and more closely correlated with the financial sector, 2 …

This paper is the first to draw a global picture of worldwide microfinance equity by taking full advantage of daily … quoted prices. We revisit previous findings showing that investors should consider microfinance as a self-standing sector …. Our results are threefold. First, microfinance has become less risky and more closely correlated with the financial sector …

This paper is the first to draw a global picture of worldwide microfinance equity by taking full advantage of daily … quoted prices. We revisit previous findings showing that investors should consider microfinance as a self-standing sector …. Our results are threefold. First, microfinance has become less risky and more closely correlated with the financial sector …

This paper is the first to draw a global picture of worldwide microfinance equity by taking full advantage of daily … quoted prices. We revisit previous findings showing that investors should consider microfinance as a self-standing sector …. Our results are threefold. First, microfinance has become less risky and more closely correlated with the financial sector …

equity stakes in publicly traded and privately held European banks for each year over the period 1999–2008. We show that … about 62% of banks' ultimate largest shareholders are diversified investors, holding on average equity investments from …

that generate shocks to the cost of financing for microfinance institutions (MFIs). MFIs that experience politically …

This paper is the first to draw a global picture of worldwide microfinance equity by taking full advantage of daily … quoted prices. We revisit previous findings showing that investors should consider microfinance as a self-standing sector …. Our results are threefold. First, microfinance has become less risky and more closely correlated with the financial sector …

customarily invoked to promote the transformation of credit-only microfinance institutions (MFIs) into integrated loans …-and-savings entities. To ensure robust inference, we estimate scope economies for the microfinance industry using a novel approach which … dataset. Unlike earlier studies, we do not find prevalent scope economies in the microfinance industry. We find that the …

microfinance usually ignore the multi-way heterogeneity across MFIs which vary substantially in size, business model, target …