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題名:微型金融機構社會責任與財務績效雙目標關係之研究--以亞洲四國為例
書刊名:管理資訊計算
作者:陳立斌
作者(外文):Chen, Li-ping
出版日期:2020
卷期:9:特刊1
頁次:頁53-63
主題關鍵詞:微型金融微型金融機構社會責任目標MicrofinanceMicrofinance institutionsSocial responsibility objective
原始連結:連回原系統網址new window
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本研究探討微型金融機構社會責任與財務績效雙重目標之關係。微型金融機構除了協助弱勢的社會責任目標外,還需達到使機構本身能持續生存發展的財務目標,若雙重目標能同時達成,則微型金融可能成為開發中國家脫離貧窮的重要手段。對此,本研究針對孟加拉、巴基斯坦、印度及中國等亞洲國家之微型金融機構以多元迴歸模型進行研究,以財務績效變數為被解釋變數,並選取社會責任績效變數為解釋變數,藉以探討提升社會責任績效對財務績效之影響為何,若為正向的影響即代表社會目標與財務績效目標是可同時達成的。本研究發現大體上提升社會績效變數對財務績效(包括獲利能力、效率、員工生產力等指標)是有正向影響的。實證結果顯示,社會責任績效變數如客戶維持率(BRR)、女性借款人比率(WOP) 及借款客戶人數(NUB)等若提升,財務績效亦將提升,代表微型金融機構的雙重目標大致上可同時達成,此與近期文獻如Reichert(2018)及Meyer(2019)等之發現相似。本研究為文獻中首次使用股東權益報酬率(ROE)做為財務績效變數,並發現其實證結果與以總資產報酬率(ROA)做為財務績效變數之結果幾乎相同。
This research explores whether the objectives of social responsibility and financial performance of microfinance institutions can be balanced. In addition to the social responsibility goal of helping the poor, microfinance institutions also need to achieve financial goals which enable the institutions themselves to survive and develop. If dual goals can be achieved, microfinance may become an important mean for developing countries to escape poverty. In this regard, the research focuses on micro-finance institutions in Bangladesh, Pakistan, India and China using multiple regression models to study. Financial performance variables are used as the explained variables, and social responsibility performance variables are used as the explanatory variables to discuss the impact of the promotion of social responsibility on financial performance. If the aforementioned impact is positive, it means that social goals and financial performance goals can be balanced. This research found that generally speaking promotion of social performance variables has a positive impact on financial performance (including profitability, efficiency, employee productivity and other indicators). The empirical results show that if social responsibility performance variables such as customer retention rate (BRR), female borrower ratio(WOP) and number of borrowing customers(NUB) increase, financial performance will also increase, similar to the findings of recent literature such as Reichert(2018) and Meyer (2019) . This research is the first in the literature to use shareholder's return on equity (ROE) as a financial performance variable, and found that its empirical results are almost the same as the results using total asset return (ROA) as a financial performance variable.
期刊論文
1.Hulme, David、Mosley, Paul(1998)。Microenterprise Finance: Is There a Conflict between Growth and Poverty Alleviation?。World Development,26(5),783-790。  new window
2.Hishigsuren, G.(2007)。Evaluating mission drift in microfinance: lessons for programs with social mission。Evaluation Review,31(3),203-260。  new window
3.Abrar, A.(2019)。The impact of financial and social performance of microfinance institutions on lending interest rate: A cross-country evidence。Journal of Cogent Business & Management,6,1-22。  new window
4.Bakhtiari, S.(2006)。Microfinance and poverty reduction。International Business & Economics Research Journal,27,28-37。  new window
5.Gutierrez-Nieto, B.、Serrano-Cinca, C.、Mar Molinero, C.(2017)。Social efficiency in microfinance institutions。Journal of the Operational Research Society,60(1),104-119。  new window
6.Fernando, N. A.(2004)。Micro Success Story: Transformation of Nongovernmental Organizations into Regulated Financial Institutions。Asian Development,12,18-22。  new window
7.Dewez, D.、Neisa, S.(2009)。MFI's Social Performance Mapping and the Relationship between Financial and Social Performance。Incofin Investment Management,42,68-75。  new window
8.Conning, J.(1999)。Outreach, Sustainability and Leverage in Monitored and Peer-Monitored Lending。Journal of Development Economics,76,51-77。  new window
9.Churchill, Sefa Awaworyi(2018)。The macroeconomy and microfinance outreach: a panel data analysis。Applied Economics,51(21),2266-2274。  new window
10.Lensink, R.(2018)。Do microfinance institutions benefit from integrating financial and nonfinancial services?。Applied Economics,50(21),2386-2401。  new window
11.Lam, S.、Zhang, W.(2019)。Reciprocity Between Financial and Social Performance in Microfinance Institutions。Public Performance & Management Review,43,206-231。  new window
12.McIntosh, C.、Villaran, G.、Wydick, B.(2011)。Microfinance and home improvement: using retrospective panel data to measure program effects on fundamental events。World Development,39(6),922-937。  new window
13.Meyer, J.(2019)。Outreach and performance of microfinance institutions: the importance of portfolio yield。Journal of Applied Economics,51,2945-2962。  new window
14.Montgomerty, H.、Weiss, J.(2005)。Great expectations: Microfinance and poverty reduction in Asia and Latin America。World Development,39,698-718。  new window
15.Ranjani, K.、Kumar, S.(2018)。An investigation of mission drift in Indian MFI。International Journal of Social Economics,45(5),1305-1317。  new window
16.Reichert, P.(2018)。A meta-analysis examining the nature of trade-offs in microfinance。Journal of Oxford Development Studies,46,430-452。  new window
學位論文
1.陳重嘉(2012)。微型金融機構的發展與雙基線關係的研究(碩士論文)。國立中央大學。  延伸查詢new window
2.詹益昇(2014)。微型金融的雙基線研究:社會責任政策與借貸模式影響(碩士論文)。國立臺灣大學。  延伸查詢new window
3.蔡健忠(2014)。探討中國微型金融機構財務績效與社會績效之雙目標關係(碩士論文)。國立中正大學。  延伸查詢new window
 
 
 
 
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