scholarly journals Financing and financial sustainability of microfinance institutions (MFIs): a conceptual view

2016 ◽  
Vol 11 (2) ◽  
pp. 21-32 ◽  
Author(s):  
Innocent Bayai ◽  
Sylvanus Ikhide

Recent evidence shows that MFI financing continues to evolve with an increased inclination towards commercial financing. Taking stock on MFI financing and refocusing on the relationship between financing options and financial sustainability (FS) is unavoidable. The authors consummated a literature review based on complementing the little evidence on the subject with both theoretical and implied evidence from related studies in unpacking the relationship. Though donations are losing grip as a popular MFI financing option, review of literature recommends smart subsidies to spur FS and counter inefficiency, mis-targetting, dependency and distortions. As much as debt addresses agency problems and endorses FS, it has to be kept within limits to curb liquidation and mission drift. Deposit attraction augments FS and outreach, though MFIs must prepare to foot licensing costs, otherwise, mission drift ensues. Equity, though scarce in microfinance, is cheap and additive to FS. The authors suggest that MFIs should consider commercial funding, whilst keeping a check on the downside of each commercial financing option to augment FS and multiply outreach

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nitin Navin ◽  
Pankaj Sinha

Purpose With the ongoing transformation of the microfinance sector, questions have been raised on the ability of microfinance institutions (MFIs) to perform financially well without compromising with their social objectives. The current study attempts to analyse the social and financial performance of Indian MFIs with an objective to find the kind of relationship between these two objectives. Design/methodology/approach The dynamic framework of simultaneous equations model is used to find the nature of the relationship which exists between social and financial performance of Indian MFIs. Findings The study finds that depth of outreach enables MFIs to achieve financial sustainability. On the other hand, financially strong MFI lend more as reflected by an increase in their average loan size. Research limitations/implications Many MFIs still receive subsidies to support their operations. Ideally, adjustments should be made to remove the effect of such subsidies on their cost. However, due to non-availability of data, the study fails to make any adjustment for the subsidies. Practical implications The presence of a complementary relationship between social and financial performance in the Indian microfinance sector is quite encouraging for the policymakers during the current time when the sector is becoming less dependent on subsidies. However, the recent upsurge in the average loan size requires attention. Social implications The findings suggest that MFIs can achieve financial sustainability while targeting poor clients. This indicates that MFIs can perform socially good along with their financial performance. Originality/value Such study is vital when the Indian microfinance sector is moving away from subsidies to become self-reliant and commercialised. Few studies have focused on this aspect of Indian microfinance sector.


2021 ◽  
Vol 4 (1) ◽  
pp. p78
Author(s):  
Maimako Livinus Nkuri ◽  
Ahmed Razman Abdul Latiff ◽  
Wan Fadzila Wan Yusoff

Purpose The purpose of this study is to explore a model to measure the money deposit bank financial sustainability based on ownership structure and to examine the moderating role of managerial intention on managerial ownership and foreign ownership. Design/ Methodology/ Approach An elaborate literature review was conducted to identify the variables and a proposed conceptual model was conceived. Findings A conceptual model was presented after the discussion of relationship and literature review that examined ownership structure, managerial intention and financial sustainability. Originality/Value Many scholars have investigated the different dimensions of ownership structure, managerial intention and performance, however little research has been done on the integration of ownership structure and financial sustainability. Furthermore, there is also a dearth in literature that examine the moderating role of managerial intention on the relationship between ownership structure and financial sustainability.


2020 ◽  
Vol 10 (1) ◽  
pp. 79-88
Author(s):  
Muhammad Hidayat ◽  
Syafruddin Karimi

Economists have long believed that economic growth will solve the problem of inequality and poverty. For decades, the question of whether and how inequality affects growth has been the subject of open debate in the academic world. In the same section, the redistribution which is considered part of the equalization step also has positive and negative impacts on economic growth. This paper presents a literature review consisting of several sections including: 1) literature review on the relationship between inequality and growth; 2) the relationship between redistribution and growth; 3) even distribution of infrastructure is part of the form of redistribution.


Author(s):  
Anca Sava ◽  
Bogdan Zugravu

This article aims to address the correlations between public capital investments and economic development in Romania. Firstly, it presents a brief literature review on the subject proposed for analysis, under which it can be assumed that public capital investments have a positive impact on production, employment, private sector and thus contribute to economic development. Also, we found some heterogeneity of results across country, regions and sectors. Secondly, it analysis the evolution of public capital investments and gross domestic product during 2006-2009 and also tests the relationship between this two variables, using a correlation coefficient, based on data from the general consolidated budget provided by The Ministry of Public Finance and also statistical data on GDP from National Institute of Statistics.


Proceedings ◽  
2018 ◽  
Vol 2 (21) ◽  
pp. 1340
Author(s):  
María Isabel Rodríguez-Cáceres ◽  
Mónica Palomino-Vasco ◽  
María Victoria Gil Álvarez

The experience was carried out with the students of the optional subject “Wine and Health”, taught in 4th year of Degree of Oenology. This Degree has a low number of students, due to that, in the first year of teaching (2013/14) only three students enrolled in the subject, so we considered it was necessary to do something “different” to motivate students to enroll in this subject. This was carried out by inviting them to do a literature review on some topics, such as the relationship between moderate wine intake and Alzheimer’s, Parkinson’s, Cancer or Allergy. In addition, they had to make an audiovisual presentation and expose it in the Conference of Viticulture and Oenology that are celebrated in Almendralejo (Badajoz, Spain), every year at the beginning of May. In general, after five years it has been observed that this methodology has increased the interest of students for this subject, which is reflected in more students in class, more class attendance and great interest. In addition, they have developed transversal skills such as public speaking, which has provided them with security and will probably be useful when conducting job interviews.


2020 ◽  
Vol 15 (5) ◽  
pp. 546-555
Author(s):  
Kananut Charoenthammachoke ◽  
Natt Leelawat ◽  
Jing Tang ◽  
Akira Kodaka ◽  
◽  
...  

Business Continuity Management (BCM) is commonly known as one of the most effective programs to use in the face of crisis, incident, and disaster, specifically for organizations to continue or resume their operations. Over time, the concept has gained popularity and has developed into one of the strategies in a resilience plan. The purpose of this study is to explore the trend of BCM, the subject, and the relationship between BCM and associated study fields through a preliminary systematic literature review. This research used the articles from ScienceDirect database from January 1, 1999, to December 31, 2018. This study analyzed the collected articles using their publication years, journal titles, countries, and relevant study fields. The result found that several papers have been published since 1999, which focus predominantly on the BCM standard. The rate of publication on BCM had escalated in 2015. There were 82 papers about BCM. The issues were categorized into ten main subjects. Among them, the most frequently mentioned are Information Technology (IT) security, followed by implementing BCM into diverse study disciplines, implementing new toolkits into BCM associated studies, BCM improvement, resilience, lessons learned, supply chain, and BCM advantages. The gap of the research lays a foundation for future studies in similar fields.


2014 ◽  
Vol 7 (2) ◽  
pp. 135-172 ◽  
Author(s):  
Paul Lyons ◽  
Louis Brennan

Purpose – The purpose of this paper was to consider 52 conceptual frameworks identified during a systematic literature review with the aim of providing insights into various aspects of outsourcing relationships. Many authors propose these frameworks to contribute to our understanding of how outsourcing relationships are conceived, operate and evolve. A meta-analysis of these frameworks was completed. Design/methodology/approach – The approach consisted of five stages: a systematic, but focused literature review to identify relevant frameworks; a study of the selected frameworks to enable the design of a typology of framework styles, so that frameworks adopting similar styles can be compared and analysed; grouping of the frameworks into families addressing different aspects of relationships as they form, operate and evolve; using the types (from the typology) within these family groups to facilitate a meta-analysis of each group by identifying common or contrasting themes; and deriving overall observations and identifying the most robust frameworks in each group. Findings – Nine framework types are identified and named as nominal categorisation, matrix, pyramid, dependency, interaction, flowchart, two-dimensional progression, life cycle and stepped. Five logical family groups were identified addressing how relationships form, operate and evolve. These groups cover the scope of outsourcing relationship, the relationship governance, the climate of the relationship, relationship tactics and relationship evolution. Common themes were identified, and overall observations were drawn. Recommendations are also provided on the frameworks which were assessed as being most robust and likely to be of most use to practitioners and researchers. Research limitations/implications – The study considered a representative sample of frameworks identified during a systematic review of literature relating to outsourcing relationships. However, it cannot be considered fully comprehensive, and frameworks from other sources also exist. Practical implications – Outsourcing success depends on the establishment and management of a constructive relationship between the client and supplier. Frameworks assist understanding of this important aspect of outsourcing. Originality/value – This paper provides a reference point for scholars and practitioners who are interested in outsourcing relationships and may value the sources identified and the summaries, comparisons and recommendations provided.


2020 ◽  
pp. 1-3
Author(s):  
Alessandro Crisci ◽  
Alessandro Crisci ◽  
Michela Crisci

Pilomatrixoma, or calcific epithelioma of Malherbe, is a rare benign subcutaneous tumor of adnexal origin. Females are twice as affected as males. The authors carry out a review of the literature on the subject and present a clinical case. It is a 60-year-old patient with this type of tumor on the medial aspect of her left leg, who was operated on an outpatient basis two years ago and currently has no recurrence. Diagnosis is often difficult to make clinically, and therefore can only be definitively established after histopathological examination of the lesion after surgical removal. Ultrasound role is to validate the clinical diagnosis, exclude pathologies with similar clinical presentations, and establish the relationship of the lesion with the surrounding structures.


2021 ◽  
Vol 37 (71) ◽  
pp. e2310975
Author(s):  
Carlos Tello-Castrillón

This paper explores the relationship between Corporate Governance and Corporate Social Responsibility (or Organizational Social Responsibility). To this end, the document is based on a case study about a Colombian long-tradition firm known as Organización Carvajal, which has extended its activity all over Latin America. The case study covers the period 2008-2015, between the arrival of a non-family CEO to the last year containing enough information about the subject at the research time. The relationship between the Corporate Governance and the Organizational Social Responsibility is studied based on a model that considers the interest of the majority-owners-block-family and CEO about the firm outlays for the Organizational Social Responsibility. The presentation is built as follows: first, central issues of the disciplinary context are shown. They are centered on placing the Corporate Governance-Organizational Social Responsibility relationship in Multilatinas among the organizational discussion. Second, the literature review explains the conceptual frame to visualize both the relationship mentioned above and the fieldwork. This part sets the theoretical model used as a referent. Finally, the case is described, discussed and the conclusions incorporated. The findings suggest that the CEO – owner agency problem in this Multilatina is not significant enough to become the main reason to alter the relationship between Corporate Governance and Organizational Social Responsibility.


2021 ◽  
Vol 22 ◽  
pp. e23897
Author(s):  
Carlos Enrique George Reyes ◽  
Leonardo David Glasserman Morales

This study starts from the need to identify which are the research competencies mediated by technologies, required to support the acquisition of knowledge in higher education institutions. The work developed here aims to analyze the scientific production related to the subject with the intention of identifying current research trends. To achieve this, the method of systematic review of literature adjusted to social sciences was used, taking as a source of information the Scopus database. The results indicate that most of the scientific texts have been produced in English, and that the treatment of the topic has been constantly developed since 2016, mostly from the approach of the relationship between research strategies with digital literacy, information literacy, access to digital library databases and the development of critical thinking.


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