Microfinance Performance in Financial Markets: The Case of Microfinance Investment Vehicles
Accountability and Social Responsibility: International Perspectives
ISBN: 978-1-78635-384-9, eISBN: 978-1-78635-383-2
Publication date: 12 July 2016
Abstract
This chapter is a contribution to a recent restricted literature dealing with the return of microfinance investment in the financial markets. We study the performance of public microfinance investment vehicles (MIVs). Microfinance is an asset class with a double bottom line: social and financial returns have to be generated. Despite a significant currency risk, we find that the integration of microfinance assets diversifies the investor’s risks and improves the efficient frontier. We conclude that microfinance institutions, via investment vehicles, are likely to attract capital from socially responsible investors seeking new investment opportunities.
Keywords
Citation
Le Saout, E. and Daher, L. (2016), "Microfinance Performance in Financial Markets: The Case of Microfinance Investment Vehicles", Accountability and Social Responsibility: International Perspectives (Developments in Corporate Governance and Responsibility, Vol. 9), Emerald Group Publishing Limited, Leeds, pp. 101-123. https://doi.org/10.1108/S2043-052320160000009005
Publisher
:Emerald Group Publishing Limited
Copyright © 2016 Emerald Group Publishing Limited