Rating in Microfinance: Cross-Country Evidence

dc.creator	Hartarska, Valentina M.
dc.date	2017-04-01T18:39:12Z
dc.date.accessioned	2026-07-09T03:51:16Z
dc.description	This paper studies whether microfinance rating agencies were able to impose market discipline on microfinance institutions (MFIs) during the period 1998-2002. Results indicate that not all rating agencies had equal impact. While some rating agencies were able to promote better sustainability, there is some weak evidence that rating by a particular rater might have induce moral hazard, whereby after receiving good rating, MFIs had worse performance perhaps because in some regions several raters operated simultaneously. Evidence also suggests that subsidized rating does not encourage improvements in sustainability and has negative impact on outreach. Rating by some individual raters helped MFIs to raise additional funds.
dc.identifier	doi:10.22004/ag.econ.25506
dc.identifier	https://ageconsearch.umn.edu/record/25506/files/cp060660.pdf
dc.identifier	http://ageconsearch.umn.edu/record/25506
dc.identifier.uri	http://hdl.handle.net/123456789/540920
dc.language	eng
dc.publisher
dc.source	http://ageconsearch.umn.edu/record/25506
dc.title	Rating in Microfinance: Cross-Country Evidence
dc.type	Text

Colecciones