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Differentiated determinants of risk in portfolio at risk of the microfinance institutions in Mexico (2007-2012)

Author

Listed:
  • Roberto Alejandro Ramírez Silva

    (Instituto Politécnico Nacional, México)

  • Salvador Cruz Aké

    (Instituto Politécnico Nacional, México)

  • Francisco Venegas Martínez

    (Instituto Politécnico Nacional, México)

Abstract

This paper is aimed at examining the credit risk assumed by the Micro Finance Institutions (MFIs) through their sizes, margins and costs for a sample of 13 Mexican MFIs during the 2007-2012 period. We also study the differentiated effects of those risk factors on the MFIs credit risk through time and between MFIs by using quantile regression methodologies. We find that the use of the normality assumption on the traditional panel analysis biases the results when the studied variables are not normal by diluting the 0.75 percentile sample characteristics (the most heterogeneous part of the sample). Finally, by using quantile panel data with fixed effects, we find that for credit risk management the MFIs only consider the income they can attain.

Suggested Citation

  • Roberto Alejandro Ramírez Silva & Salvador Cruz Aké & Francisco Venegas Martínez, 2015. "Differentiated determinants of risk in portfolio at risk of the microfinance institutions in Mexico (2007-2012)," Contaduría y Administración, Accounting and Management, vol. 60(5), pages 175-194, Octubre-D.
    • Handle: RePEc:nax:conyad:v:60:y:2015:i:5:p:175-194
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