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Efficiency of Microfinance Institutions: A Data Envelopment Analysis


Mamiza Haq


University of Queensland - Finance; Financial Research Network (FIRN)

Michael T. Skully


Monash University - Department of Accounting and Finance; Financial Research Network (FIRN)

Shams Pathan


University of Queensland - Business School; The University of Queensland
September 30, 2009

Asia-Pacific Financial Markets, Forthcoming

Abstract:     
This study examines the cost efficiency of 39 microfinance institutions across Africa, Asia and the Latin America using non-parametric data envelopment analysis. Our findings show non-governmental microfinance institutions particularly; under production approach, are the most efficient and this result is consistent with their fulfillment of dual objectives: alleviating poverty and simultaneously achieving financial sustainability. However, bank-microfinance institutions also outperform in the measure of efficiency under intermediation approach. This result reflects that banks are the financial intermediaries and have access to local capital market. It may be possible that bank-microfinance institutions may outperform the non-governmental microfinance institutions in the long run.

Number of Pages in PDF File: 39

Keywords: Africa, Asia, Data Envelopment Analysis, Efficiency, Latin America, Microfinance institutions

JEL Classification: G21, H21

Accepted Paper Series


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Date posted: May 16, 2009 ; Last revised: October 2, 2009

Suggested Citation

Haq, Mamiza, Skully, Michael T. and Pathan, Shams, Efficiency of Microfinance Institutions: A Data Envelopment Analysis (September 30, 2009). Asia-Pacific Financial Markets, Forthcoming. Available at SSRN: http://ssrn.com/abstract=1405709

Contact Information

Mamiza Haq (Contact Author)
University of Queensland - Finance ( email )
Australia
Financial Research Network (FIRN) ( email )
C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia

Michael T. Skully
Monash University - Department of Accounting and Finance ( email )
900 Dandenong Road
Caulfield East, Victoria 3145
Australia
+61 3 9903 2407 (Phone)
+61 3 9903 1443 (Fax)
Financial Research Network (FIRN)
C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia
HOME PAGE: http://www.firn.org.au

Shams Pathan
University of Queensland - Business School ( email )
The University of Queensland
Brisbane, Queensland 4072
Australia
61 7 3346 8075 (Phone)
61 7 3346 8166 (Fax)
HOME PAGE: http://works.bepress.com/shams_pathan/
The University of Queensland ( email )
C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia
HOME PAGE: http://www.business.uq.edu.au/staff/staff_details?name=spathan&action=show_all

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