Ownership and technical efficiency of microfinance institutions: Empirical evidence from Latin America |
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Authors: | Roselia Servin Robert Lensink Marrit van den Berg |
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Affiliation: | 1. Colegio de Postgraduados. Km. 36.5. Carretera México-Texcoco, Montecillo, Edo. de México. C.P. 56230, Mexico;2. Development Economics Group, Wageningen University, P.O. Box 8130, 6700EW Wageningen, The Netherlands;3. Department of Economics, Econometrics and Finance, University of Groningen, P.O. Box 800, 9700 AH Groningen, The Netherlands |
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Abstract: | By using stochastic frontier analysis, this article examines the technical efficiency of different types of microfinance institutions in Latin America. In particular, it tests whether differences in technical efficiency, both intra- and interfirm, can be explained by differences in ownership. With a focus on non-governmental organizations, cooperatives and credit unions, non-bank financial intermediaries, and banks, the data set contains 1681 observations from a panel of 315 institutions operating in 18 Latin American countries. The results show that non-governmental organizations and cooperatives have much lower interfirm and intrafirm technical efficiencies than non-bank financial intermediaries and banks, which indicates the importance of ownership type for technical efficiency. |
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Keywords: | D24 G21 L31 |
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