Excessive reliance on subsidies, coupled with uncertainties in the macroeconomic environment in w... more Excessive reliance on subsidies, coupled with uncertainties in the macroeconomic environment in which MFIs operate, has become an increasingly prominent issue in the world of microfinance. While earlier studies in Ethiopia, on MFIs' performance, focused mostly on their internal characteristics, analysis of sustainability and efficiency have not been dealt sufficiently within the context of a joint analysis of funding structures, firm specific characteristics and macroeconomic environments. In an effort to fill this gap this study is made to independently identify the influence of funding sources, firm characteristics and macroeconomic variables on both sustainability and efficiency of MFIs in Ethiopia. It employs the most common indicators for microfinance sustainability and efficiency and introduces new evidence and possible explanations from an explicit perspective that might be relevant in the context of subsidies, deposit mobilization, scale of operation, gender, age and mac...
A Thesis submitted to Addis Ababa University in partial fulfillment of the requirements for the D... more A Thesis submitted to Addis Ababa University in partial fulfillment of the requirements for the Degree of Masters of Science in Accounting and Finance
Excessive reliance on subsidies, coupled with uncertainties in the macroeconomic environment in w... more Excessive reliance on subsidies, coupled with uncertainties in the macroeconomic environment in which MFIs operate, has become an increasingly prominent issue in the world of microfinance. While earlier studies in Ethiopia, on MFIs' performance, focused mostly on their internal characteristics, analysis of sustainability and efficiency have not been dealt sufficiently within the context of a joint analysis of funding structures, firm specific characteristics and macroeconomic environments. In an effort to fill this gap this study is made to independently identify the influence of funding sources, firm characteristics and macroeconomic variables on both sustainability and efficiency of MFIs in Ethiopia. It employs the most common indicators for microfinance sustainability and efficiency and introduces new evidence and possible explanations from an explicit perspective that might be relevant in the context of subsidies, deposit mobilization, scale of operation, gender, age and mac...
A Thesis submitted to Addis Ababa University in partial fulfillment of the requirements for the D... more A Thesis submitted to Addis Ababa University in partial fulfillment of the requirements for the Degree of Masters of Science in Accounting and Finance
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