THE EFFECT OF CAPITAL STRUCTURE AND LEGAL STATUS ON FINANCIAL SUSTAINABILITY OF MFIS IN DEVELOPING COUNTRIES
Abstract
References
1. Armendariz, B., & Morduch, J. (2010). The economics of microfi nance. Cambridge, Mass; London: MIT Press.
2. Asian Development Bank (ADB). (2000). Finance for the poor: Microfi nance Development Strategy. Retrieved from: http://www.syngentafoundation.org/__temp/Finance_for_the_poor_ADB_2000.pdf
3. Barry, T. A., & Tacneng, R. (2011). Governance and performance: evidence from African microfi nance institutions. Laboratoire d’Analyze et Prospective Économiques (LAPE) Working paper.
4. Boateng, G. O., Boateng, A. A., & Bampoe, H. S. (2015). Microfi nance and Poverty Reduction in Ghana: Evidence from Policy Benefi ciaries. Review of Business & Finance Studies, 6 (1), 99-108.
5. Bogan, V. L. (2012). Capital structure and sustainability: An empirical study of microfi nance institutions. Review of Economics and Statistics, 94 (4), 1045-1058.
6. Bogan, V. L., Johnson, W., & Mhlanga, N. (2007). Does Capital Structure affect the financial sustainability of Microfinance Institutions. Retrieved from: http://www.researchgate.net/profile/Vicki_Bogan/publication/238621802_Does_Capital_Structure_Aect_the_Financial_Sustainability_of_Microfinance_Institutions/links/004635399e807e6069000000.pdf
7. CGAP. (2007). MFI Capital Structure Decision Making: A Call for Greater Awareness. Retrieved from: http://www.cgap.org/sites/default/fi les/CGAP-Brief-MFI-Capital-Structure-Decision-Making-A-Call-for-Greater-Awareness-Aug-2007.pdf
8. Christen, R. P., & Rosenberg, R. (2000). The Rush to Regulate: Legal Frameworks for Microfi nance. Occasional Paper, (4).
9. Crabb, P. (2008). Economic freedom and the success of microfi nance institutions. Journal of Developmental Entrepreneurship, 13 (02), 205-219.
10. Cull, R., Demirgüç-Kunt, A., & Morduch, J. (2007). Financial performance and outreach: A global analysis of leading microbanks. The Economic Journal, 117 (517), F107-F133.
11. Daher, L., & Le Saout, E. (2013). Microfinance and financial performance. Strategic Change, 22 (1-2), 31-45.
12. DeLoach, S. B., & Lamanna, E. (2011). Measuring the impact of microfi nance on child health outcomes in Indonesia. World Development, 39 (10), 1808-1819.
13. Deribie, E., Nigussie, G., & Mitiku, F. (2013). Filling the breach: Microfi nance. Journal of Business and Economic Management, 1 (1), 10-17.
14. Dielman, T. E. (2001). Applied regression analysis for business and economics (3rd ed.). Pacifi c Grove, CA: Duxbury/Thomson Learning.
15. Field, A. P. (2009). Discovering statistics using SPSS: And sex and drugs and rock ‘n’ roll (3rd ed.). Los Angeles, [Calif.]; London: SAGE.
16. Frank, M. Z., & Goyal, V. K. (2007). Trade-off and pecking order theories of debt. Retrieved from: www.tc.umn.edu/~murra280/WorkingPapers/Survey.pdf
17. Ghalib, A. K., Malki, I., & Imai, K. S. (2015). Microfi nance and Household Poverty Reduction: Empirical Evidence from Rural Pakistan. Oxford Development Studies, 43 (1), 84-104.
18. Gujarati, D. (1999). Essentials of econometrics. (2nd ed.). London: McGraw-Hill.
19. Gujarati, D. (2003). Basic econometrics (4th, international ed.). Boston, [Mass.]; London: McGraw-Hill.
20. Hartarska, V. (2005). Governance and performance of microfi nance institutions in Central and Eastern Europe and the newly independent states. World development, 33 (10), 1627-1643.
21. Iezza, P. (2010). Financial Sustainability of Microfi nance Institutions: An Empirical Analysis (Master’s Thesis). Retrieved from: http://studenttheses.cbs.dk/handle/10 417/1560.
22. Jan, S., & Shieh, G. (2014). Sample size determinations for Welch’s test in one-way heteroscedastic ANOVA. British Journal of Mathematical and Statistical Psychology, 67 (1), 72-93. doi: 10.1111/bmsp.12 006.
23. Jensen, M. C. (1986). Agency cost of free cash fl ow, corporate fi nance, and takeovers. Corporate Finance, and Takeovers. American Economic Review, 76 (2).
24. Kendall, M., Sir, Buckland, W. R., & International Statistical Institute. (1971). A dictionary of statistical terms: Prepared for the international statistical institute. (3rd revised and enlarged ed.). Edinburgh: Published for the International Statistical Institute by Oliver and Boyd.
25. Kennedy, P. (2008). A guide to econometrics. (6th ed.). Malden, Mass; Oxford: Blackwell.
26. Kinde, B. A. (2012). Financial sustainability of microfi nance institutions (MFIs) in Ethiopia. European Journal of Business and Management, 4 (15), 1-10.
27. Köhn, D. (Ed.) (2013). Microfi nance 3.0: Reconciling Sustainability with Social Outreach and Responsible Delivery. Heidelberg [u. a.]: Springer Berlin Heidelberg.
Review
For citations:
Ngoc N.B. THE EFFECT OF CAPITAL STRUCTURE AND LEGAL STATUS ON FINANCIAL SUSTAINABILITY OF MFIS IN DEVELOPING COUNTRIES. Review of Business and Economics Studies. 2016;4(2):53-64. (In Russ.)