000121100 001__ 121100
000121100 005__ 20260114125842.0
000121100 0247_ $$2doi$$a10.1177/08997640221138763
000121100 0248_ $$2sideral$$a131709
000121100 037__ $$aART-2023-131709
000121100 041__ $$aeng
000121100 100__ $$0(orcid)0000-0003-2596-9638$$aSerrano-Cinca, Carlos$$uUniversidad de Zaragoza
000121100 245__ $$aThe relationship between microfinance mission drift and financial returns to stakeholders
000121100 260__ $$c2023
000121100 5060_ $$aAccess copy available to the general public$$fUnrestricted
000121100 5203_ $$aSome microfinance institutions (MFIs) can drift from their social mission, generating well-studied effects for their borrowers. We focus on the lesser-known effect of mission drift on the financial return to other stakeholders (employees, government, micro-savers, and banking creditors). Using a sample of 534 MFIs, we calculated the economic value distributed by the MFI to these stakeholders by considering salaries, taxes, and interest paid. We found a negative relationship between average loan size and return to employees (RTE), government, and banking creditors, and a positive relationship between women borrowers and RTE and government. This is explained by the fact that mission-focused MFIs are usually small, labor-intensive institutions with a stable business model. We found a positive relationship between average loan size and return to micro-savers, and a negative relationship between women borrowers and return to micro-savers. The reason is that many mission-focused MFIs do not offer micro-savings, undermining financial inclusion.
000121100 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S38-20R$$9info:eu-repo/grantAgreement/ES/MCIU/RTI2018-093483-B-I00$$9info:eu-repo/grantAgreement/ES/UZ/JIUZ-2021-SOC-03
000121100 540__ $$9info:eu-repo/semantics/openAccess$$aAll rights reserved$$uhttp://www.europeana.eu/rights/rr-f/
000121100 590__ $$a2.3$$b2023
000121100 591__ $$aSOCIAL ISSUES$$b14 / 67 = 0.209$$c2023$$dQ1$$eT1
000121100 592__ $$a1.09$$b2023
000121100 593__ $$aSocial Sciences (miscellaneous)$$c2023$$dQ1
000121100 594__ $$a5.3$$b2023
000121100 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion
000121100 700__ $$0(orcid)0000-0002-6468-0944$$aFuertes-Callén, Yolanda$$uUniversidad de Zaragoza
000121100 700__ $$0(orcid)0000-0002-5557-0380$$aCuéllar-Fernández, Beatriz$$uUniversidad de Zaragoza
000121100 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab.
000121100 773__ $$g52, 6 (2023), 1609-1632$$pNonprofit volunt. sect. q.$$tNONPROFIT AND VOLUNTARY SECTOR QUARTERLY$$x0899-7640
000121100 8564_ $$s560236$$uhttps://zaguan.unizar.es/record/121100/files/texto_completo.pdf$$yPostprint
000121100 8564_ $$s683324$$uhttps://zaguan.unizar.es/record/121100/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint
000121100 909CO $$ooai:zaguan.unizar.es:121100$$particulos$$pdriver
000121100 951__ $$a2026-01-14-12:58:04
000121100 980__ $$aARTICLE