Imai, Katsushi S.; Gaiha, Raghav; Thapa, Ganesh; Annim, … - Research Institute for Economics and Business … - 2012
This study investigates the effect of both institutional factors and the macro economy on the financial performance of MFIs. Drawing upon the Microfinance Information Exchange data and cross-country data on macro economy, finance and institutions, we use three stage least squares and...