This paper is a survey of recent empirical work on financial constraints faced by firms. It is
organized as a series of stylized results which mirror what is generally understood about the …

This study focuses on the impact of asset size on financial performance and outreach. More
specifically, we determine whether an increase in asset size is more relevant for …

We use an RCT to analyze the impacts of microcredit. The study population consists of loan
applicants who were marginally rejected by an MFI in Bosnia. A random subset of these …

Microfinance institutions (MFIs) have a long tradition of providing financial services to the
poor, also known as the base of the pyramid (BOP). For for-profit or nonprofit MFIs, funding …

Microfinance institutions (MFIs) play a key role in many developing countries. Utilizing data
from Eastern Europe and Central Asia, MFIs are found to generally operate with lower costs …

Microfinance programmes are currently promoted as a key strategy for simultaneously
addressing both women empowerment and poverty alleviation in Ghana. However, there …

Does it pay for microfinance institutions (MFIs) to be socially responsible? Drawing on the
information asymmetry framework and using an aggregate measure of social performance …

This article addresses the question of whether institutional frameworks matter in the capital
structure of microfinance institutions. We studied a sample of 292 MFIs between 2004 and …

We use a randomised controlled trial (RCT) to analyse the impact of microcredit on poverty
reduction in Bosnia and Herzegovina. The study population are loan applicants that would …

An enduring problem facing microfinance institutions is how to attain financial sustainability.
Several studies have been conducted to determine the factors affecting financial …