@article{10902/9618,
year = {2015},
month = {8},
url = {http://hdl.handle.net/10902/9618},
abstract = {This article empirically analyses the reasons for crises in microfinance institutions (MFIs), using a sample of 832 MFIs from 74 countries for the period 2003-2011. The methodology used is logit analysis with panel data. The main results show that both internal and external factors influence the probability of a crisis. We find different factors that reduce the likelihood of a crisis (company’s performance, country’s economic growth, political stability and existence of a private credit bureau). On the other hand, excessive liquidity, a higher proportion of deposits over loans and more loans per employee all increase the probability of a crisis.},
publisher = {John Wiley and Sons},
publisher = {Journal of International Development, 2015, 27(7), 1058-1073},
title = {Crisis in microfinance institutions: identifying problems},
author = {Sainz Fenández, Isabel and Torre Olmo, Begoña and López Gutiérrez, Carlos and Sanfilippo Azofra, Sergio},
}