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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title The social performance of microfinance investment vehicles
Organization Unit
Authors
  • Julia Meyer
  • Annette Krauss
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Journal of Sustainable Finance
Publisher Taylor & Francis
Geographical Reach international
ISSN 2043-0795
Volume 11
Number 2
Page Range 163 - 186
Date 2021
Abstract Text Assessing whether investments result in the desired non-financial performance is a key concern in the fast growing field of impact investments, including microfinance. The social performance of the institutions that offer financial inclusion services to underprivileged populations has come under increasing scrutiny, whereas the social performance of the investment vehicles that in turn finance these institutions is researched less. This paper makes use of several large data sets to develop an approach to measure the social performance of microfinance investment vehicles. Drawing on methods from empirical social science and the literature on non-financial ratings of firms, we develop formal quality criteria that the selection of individual social performance indicators and their aggregation into a single metric need to satisfy.
Free access at Official URL
Digital Object Identifier 10.1080/20430795.2020.1715094
Other Identification Number merlin-id:19035
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