IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-03121164.html
   My bibliography  Save this paper

Value creation in UEMOA microfinance institutions: The impact of stakeholders
[Creación de valor en el seno de las instituciones de microfinanzas de l’UEMOA : el impacto de las partes interesadas]

Author

Listed:
  • Mamadou Ndione

    (CREGO - Centre de Recherche en Gestion des Organisations - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UB - Université de Bourgogne - UBFC - Université Bourgogne Franche-Comté [COMUE] - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE])

Abstract

The purpose of microfinance institutions (MFIs) is to lend money to populations that lack the means to access the formal banking system. The various actors involved with MFIs are liable to pursue different and sometimes conflicting goals and interests, which can cause inefficiencies. This article discusses the impact of MFI stakeholders on wealth creation among these institutions in the eight countries that make up the West African Economic and Monetary Union (UEMOA). While the volume of credit given to clients and the quality of each country's macro-governance index have a positive impact on MFI wealth creation, the results are less clear when it comes to the impact of owners' or shareholders' contributions, or public subsidies. In any case, savers, lenders, and female clientele have no significant impact on MFI wealth creation.

Suggested Citation

  • Mamadou Ndione, 2021. "Value creation in UEMOA microfinance institutions: The impact of stakeholders [Creación de valor en el seno de las instituciones de microfinanzas de l’UEMOA : el impacto de las partes interesadas]," Post-Print hal-03121164, HAL.
  • Handle: RePEc:hal:journl:hal-03121164
    DOI: 10.3917/recma.359.0111
    Note: View the original document on HAL open archive server: https://u-bourgogne.hal.science/hal-03121164
    as

    Download full text from publisher

    File URL: https://u-bourgogne.hal.science/hal-03121164/document
    Download Restriction: no

    File URL: https://libkey.io/10.3917/recma.359.0111?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Stewart C. Myers & Nicholas S. Majluf, 1984. "Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have," NBER Working Papers 1396, National Bureau of Economic Research, Inc.
    2. Denis Acclassato Houensou & A. Honlonkou & V.-C. Quenum, 2006. "Déterminants de la performance de remboursement dans les institutions de microfinance au Bénin?," Post-Print halshs-00328636, HAL.
    3. Myers, Stewart C. & Majluf, Nicholas S., 1984. "Corporate financing and investment decisions when firms have information that investors do not have," Journal of Financial Economics, Elsevier, vol. 13(2), pages 187-221, June.
    4. Joseph Nzongang & Isabelle Piot-Lepetit & David Kamdem, 2012. "La mesure de l'efficacité financière et sociale des institutions de microfinance du réseau MC² au Cameroun," Mondes en développement, De Boeck Université, vol. 0(4), pages 99-116.
    5. Morduch, Jonathan, 2000. "The Microfinance Schism," World Development, Elsevier, vol. 28(4), pages 617-629, April.
    6. Thierry Montalieu, 2002. "Les institutions de microcrédit : entre promesses et doutes," Post-Print halshs-00277032, HAL.
    7. Albert N. Honlonkou & Denis H. Acclassato & Célestin Venant C. Quenum, 2006. "DÉterminants de la Performance de Remboursement Dans Les Institutions de MicroFinance au BÉnin," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 77(1), pages 53-81, March.
    8. Thierry Montalieu, 2002. "Les institutions de micro-crédit : entre promesses et doutes Quelles pratiques bancaires pour quels effets ?," Mondes en développement, De Boeck Université, vol. 119(3), pages 21-32.
    9. Thierry Montalieu, 2002. "Les institutions de microcrédit : entre promesses et doutes, quelles pratiques pour quels effets?," Post-Print halshs-00277099, HAL.
    10. Thierry Montalieu, 2002. "Les institutions de micro-crédit : entre promesses et doutes, quelles pratiques bancaires pour quelles effets?," Post-Print halshs-00276893, HAL.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mamadou Ndione & Diouf Diéne Kolly Ousseynou, 2020. "Rôle des institutions de microfinance dans le financement de l’entrepreneuriat féminin," Post-Print hal-02864437, HAL.
    2. Denis H. ACCLASSATO, 2008. "Taux D'Interet Effectif, Viabilite Financiere Et Financement Des Petits Operateurs Economiques Par Les Institutions De Microfinance Au Benin," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 79(1), pages 161-195, March.
    3. SODOKIN, Koffi, 2006. "Functional and structural complementarities of banks and microbanks in L.D.Cs," LEG - Document de travail - Economie 2006-10, LEG, Laboratoire d'Economie et de Gestion, CNRS, Université de Bourgogne.
    4. Bilau, José & St-Pierre, Josée, 2018. "Microcredit repayment in a European context: evidence from Portugal," The Quarterly Review of Economics and Finance, Elsevier, vol. 68(C), pages 85-96.
    5. Sanae Solhi & Sidi Mohamed Rigar, 2014. "Pérennité Et Efficience Des Institutions De Microfinance Dans La Région MENA," Working Papers 829, Economic Research Forum, revised May 2014.
    6. Valentina Hartarska & Denis Nadolnyak, 2007. "An Impact Analysis of Microfinance in Bosnia and Herzegovina," William Davidson Institute Working Papers Series wp915, William Davidson Institute at the University of Michigan.
    7. Tanimoune, Nasser Ary, 2007. "Système financier dualiste et impacts des politiques financières : essai de modélisation," L'Actualité Economique, Société Canadienne de Science Economique, vol. 83(1), pages 55-70, mars.
    8. Thierry Martial BILOA & Emile Blaise SIEWE POUGOUE & Jean Hugues NLOM, 2022. "Déterminants de la performance financière et sociale des institutions de microfinance au Cameroun," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 13(2), pages 96-120, December.
    9. Hartarska, Valentina & Nadolnyak, Denis, 2008. "An Impact Analysis of Microfinance in Bosnia and Herzegovina," World Development, Elsevier, vol. 36(12), pages 2605-2619, December.
    10. Albert N. Honlonkou & Denis H. Acclassato & Célestin Venant C. Quenum, 2006. "DÉterminants de la Performance de Remboursement Dans Les Institutions de MicroFinance au BÉnin," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 77(1), pages 53-81, March.
    11. Nam, Changwoo, 2016. "Impact of Corporate Tax Cuts on Corporate Investment," KDI Policy Forum 264, Korea Development Institute (KDI).
    12. Khémiri, Wafa & Noubbigh, Hédi, 2020. "Size-threshold effect in debt-firm performance nexus in the sub-Saharan region: A Panel Smooth Transition Regression approach," The Quarterly Review of Economics and Finance, Elsevier, vol. 76(C), pages 335-344.
    13. Dirk Czarnitzki & Hanna Hottenrott & Susanne Thorwarth, 2011. "Industrial research versus development investment: the implications of financial constraints," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 35(3), pages 527-544.
    14. Florian Meier, 2020. "The Age of Cheap Money and Passive Investing: Are Pro Forma Earnings Value Relevant?," Journal of Finance and Investment Analysis, SCIENPRESS Ltd, vol. 9(2), pages 1-1.
    15. Bruinshoofd Allard & Kool Clemens, 2002. "The Determinants of Corporate Liquidity in the Netherlands," Research Memorandum 014, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    16. Jie Ning & Matthew J. Sobel, 2018. "Production and Capacity Management with Internal Financing," Manufacturing & Service Operations Management, INFORMS, vol. 20(1), pages 147-160, February.
    17. Stolowy, Hervé & Jeanjean, Thomas & Erkens, Michael, 2011. "The economic consequences of increasing the international visibility of financial reports," HEC Research Papers Series 957, HEC Paris.
    18. Mark Schankerman, 1991. "Revisions of Investment Plans and the Stock Market Rate of Return," STICERD - Economics of Industry Papers 05, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    19. Chan-Jane Lin & Tawei Wang & Chao-Jung Pan, 2016. "Financial reporting quality and investment decisions for family firms," Asia Pacific Journal of Management, Springer, vol. 33(2), pages 499-532, June.
    20. Fulghieri, Paolo & Lukin, Dmitry, 2001. "Information production, dilution costs, and optimal security design," Journal of Financial Economics, Elsevier, vol. 61(1), pages 3-42, July.

    More about this item

    Keywords

    Institution de microfinance; UEMOA;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-03121164. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.