Falling government and donor funding, which has traditionally supported microfinance, is followed by an expansion of financially self-sustainable Microfinance Institutions (MFIs). This development has raised the concern as to whether the social goals of traditional microfinance would be equally...

We examine the relationship between financial sustainability and client outreach in microfinance institutions. Financial ratios are used to proxy financial performance. Outreach is captured in two dimensions, depth or how poor the clients are and breadth or how many people the program is...

Purpose: The purpose of this paper is to investigate the response of investors to the announcements on the inclusion and exclusion of companies from the FTSE-ASE 20 index. Design/methodology/approach: Data on the inclusion and exclusion of companies from the FTSE-ASE 20 index in the period...