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研究生:吳明嫻
研究生(外文):Vu-Minh Hien
論文名稱:Evaluate Performance between Regulated and Non-regulated Microfinance Institutions in Southeast Asia Countries
論文名稱(外文):Evaluate Performance between Regulated and Non-regulated Microfinance Institutions in Southeast Asia Countries
指導教授:康信鴻康信鴻引用關係
指導教授(外文):Hsin-Hong Kang
學位類別:碩士
校院名稱:國立成功大學
系所名稱:國際管理碩士在職專班
學門:商業及管理學門
學類:企業管理學類
論文種類:學術論文
論文出版年:2008
畢業學年度:96
語文別:英文
論文頁數:63
外文關鍵詞:Southeast Asia CountriesPerformanceMicrofinance institutionsRegulation
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Microfinance sector in general and regulating microfinance institutions (MFIs) in particular have been drawing greatly attention of researchers, practitioners as well as regulators over the past decade. Besides advocates for rush to regulated microfinance, not few opponents caution to form and transform regulated microfinance institutions. The practice also simultaneously reflects both contrary sides as referred in those research studies and reports. Given in such controversial context, the paper aims at comparing the performance between regulated and non-regulated microfinance institutions. Mainly base on the research of Hartarska & Nadolnyak (2007), the first study so far examined the impact of regulation on MFIs, this paper deliberately focusing on Southeast Asia countries. The most important objectives are to test the effect of regulatory factor to MFIs and compare to the past literature reviews. The findings after using the empirical analysis shows that regulatory status have no direct effect on sustainability and number of active borrowers, as well as efficiency that are consistent with the cross-country evidence. However, the result finds the negative influence of savings to outreach and efficiency, which is considered as indirect effect of regulation. In other words, MFIs have savings reach less number of borrowers and efficiency.
TABLE OF CONTENTS

ACKNOWLEDGEMENTS I
ABSTRACT II
TABLE OF CONTENTS III
LIST OF FIRGURES V
LIST OF TABLES VI
CHAPTER ONE INTRODUCTION 1
1.1. Research Background and Motivation 1
1.2. Research Objectives and Contributions 5
1.3. Research Structure 6
CHAPTER TWO LITERATURE REVIEW 7
2.1. Microfinance 7
2.1. Microfinance Perspective in the Four Southeast Asia Countries 8
2.1.1. Indonesia 8
2.1.2. Philippines 10
2.1.3. Cambodia 11
2.1.4. Vietnam 13
2.3. Regulating Microfinance in Practice 15
2.4. Performance Measurement in MFIs 21
CHAPTER THREE RESEARCH METHODOLOGY 25
3.1. Data Source and Sample 25
3.2. Empirical Model 27
3.3. Regression Analysis 30
CHAPTER FOUR EMPIRICAL ANALYSIS 34
4.1. Data Summary 34
4.2. Test of Multicollinearity 35
4.3. Test of Heteroscedasticity 38
4.4. Least Square Regression 39
CHAPTER FIVE CONCLUSION 46
5.1. Conclusion 46
5.2. Limitations 48
5.3. Discussion and Suggestion for the Future Research 49
REFERENCES 51
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