Impact of global financial crunch on financially innovative microfinance institutions in South Asia
Abstract The wave of global financial crises (2008–2009) caused a surge in the capital flows of developed countries particularly, between developed and developing countries. The crunch hit all financial sectors with unanticipated severity. The study evaluates the role of a country’s political practi...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
SpringerOpen
2018-07-01
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| Series: | Financial Innovation |
| Subjects: | |
| Online Access: | http://link.springer.com/article/10.1186/s40854-018-0099-8 |
| _version_ | 1818143209997467648 |
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| author | Faisal Mustafa Ambreen Khursheed Maham Fatima |
| author_facet | Faisal Mustafa Ambreen Khursheed Maham Fatima |
| author_sort | Faisal Mustafa |
| collection | DOAJ |
| description | Abstract The wave of global financial crises (2008–2009) caused a surge in the capital flows of developed countries particularly, between developed and developing countries. The crunch hit all financial sectors with unanticipated severity. The study evaluates the role of a country’s political practices in moderating the impact of global financial crunch on microfinance performance. Using the fixed effect panel regression method on the dataset comprising of 95 MFIs operating in South Asia from 2003 to 2012, we determine that microfinance operational capability shares a positive relationship with the institutional attributes of a country and our output reveals that impact of country’s political practices is pervasive on the financial output of MFIs, liable to different levels of implementation. The findings further reveals that MFIs situated in countries having vigorous political practices are less severely affected by the economic crunch. |
| first_indexed | 2024-12-11T11:28:02Z |
| format | Article |
| id | doaj.art-f5b4803e0b22434bb4235096aa669783 |
| institution | Directory Open Access Journal |
| issn | 2199-4730 |
| language | English |
| last_indexed | 2024-12-11T11:28:02Z |
| publishDate | 2018-07-01 |
| publisher | SpringerOpen |
| record_format | Article |
| series | Financial Innovation |
| spelling | doaj.art-f5b4803e0b22434bb4235096aa6697832022-12-22T01:08:58ZengSpringerOpenFinancial Innovation2199-47302018-07-014111110.1186/s40854-018-0099-8Impact of global financial crunch on financially innovative microfinance institutions in South AsiaFaisal Mustafa0Ambreen Khursheed1Maham Fatima2UCP Business School, Faculty of Management Studies, University of Central PunjabUCP Business School, Faculty of Management Studies, University of Central PunjabUCP Business School, Faculty of Management Studies, University of Central PunjabAbstract The wave of global financial crises (2008–2009) caused a surge in the capital flows of developed countries particularly, between developed and developing countries. The crunch hit all financial sectors with unanticipated severity. The study evaluates the role of a country’s political practices in moderating the impact of global financial crunch on microfinance performance. Using the fixed effect panel regression method on the dataset comprising of 95 MFIs operating in South Asia from 2003 to 2012, we determine that microfinance operational capability shares a positive relationship with the institutional attributes of a country and our output reveals that impact of country’s political practices is pervasive on the financial output of MFIs, liable to different levels of implementation. The findings further reveals that MFIs situated in countries having vigorous political practices are less severely affected by the economic crunch.http://link.springer.com/article/10.1186/s40854-018-0099-8Global financial crunchSouth AsiaMicrofinance institutions |
| spellingShingle | Faisal Mustafa Ambreen Khursheed Maham Fatima Impact of global financial crunch on financially innovative microfinance institutions in South Asia Financial Innovation Global financial crunch South Asia Microfinance institutions |
| title | Impact of global financial crunch on financially innovative microfinance institutions in South Asia |
| title_full | Impact of global financial crunch on financially innovative microfinance institutions in South Asia |
| title_fullStr | Impact of global financial crunch on financially innovative microfinance institutions in South Asia |
| title_full_unstemmed | Impact of global financial crunch on financially innovative microfinance institutions in South Asia |
| title_short | Impact of global financial crunch on financially innovative microfinance institutions in South Asia |
| title_sort | impact of global financial crunch on financially innovative microfinance institutions in south asia |
| topic | Global financial crunch South Asia Microfinance institutions |
| url | http://link.springer.com/article/10.1186/s40854-018-0099-8 |
| work_keys_str_mv | AT faisalmustafa impactofglobalfinancialcrunchonfinanciallyinnovativemicrofinanceinstitutionsinsouthasia AT ambreenkhursheed impactofglobalfinancialcrunchonfinanciallyinnovativemicrofinanceinstitutionsinsouthasia AT mahamfatima impactofglobalfinancialcrunchonfinanciallyinnovativemicrofinanceinstitutionsinsouthasia |