This paper sheds light on a poorly understood phenomenon in microfinance which is often
referred to as “mission drift”: A tendency reviewed by numerous microfinance institutions to …

Bitcoin (BTC) is a major virtual currency. Using weekly data over the 2010–2013 period, we
analyze a BTC investment from the standpoint of a US investor with a diversified portfolio …

This paper starts from the observation that 23% of the world’s microfinance institutions (MFIs)
manage without subsidies. We examine how unsubsidized institutions cope with their …

Most of the customers of microfinance institutions are female. But do men and women benefit
from the same credit conditions? We investigate this issue by presenting an original model …

In this article, tests for globalization and contagion are separated using an ex ante definition
of crises, and contagion tests are neutralized with respect to globalization effects. A large …

Social banks are financial intermediaries paying attention to non-economic (ie, social,
ethical, and environmental) criteria. To investigate the behavior of social banks on the credit …

This paper estimates the impact of loan officer subjectivity on microcredit granting by exploiting
an exceptionally detailed database from a Brazilian microfinance institution. The loan …

How do women leaders such as board members and top managers influence the social
performance of organizations? This paper addresses the question by exploiting a unique …

This special collection examines the claim that microfinance promotes gender equality. The
focus is on three areas of the debate: first, the question of how successful microfinance has …

This paper studies the relationship between a microfinance institution (MFI) and its loan
officers when officers discriminate against a particular group of micro-entrepreneurs. Using …