Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5089395 | Journal of Banking & Finance | 2013 | 14 Pages |
Abstract
⺠We respond to the need for more knowledge about the high costs in microfinance. ⺠We estimate scale economies and find overall increasing returns to scale. ⺠We find that all inputs are inelastic substitutes. ⺠Our results indicate a trade-off between outreach and sustainability.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Valentina Hartarska, Xuan Shen, Roy Mersland,