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Erscheinungsjahr: 
2009
Quellenangabe: 
[Journal:] World Development [ISSN:] 1873-5991 [Volume:] 37 [Issue:] 2 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2009 [Pages:] 469-478
Verlag: 
Elsevier, Amsterdam
Zusammenfassung: 
We compare the ownership-cost of Shareholders Firms (SHFs), Non Profit Organizations (NPOs) and Cooperatives (COOPs) involved in microfinance. A paradoxical situation motivates us: Most providers, both historically and today, are NPOs or COOPs, while policy papers advocate SHFs. We lay out a theoretical framework to better understand ownership costs in microfinance organizations. We propose that cost variables related to market contracting favor NPOs and COOPs, whereas most cost variables related to the practice of ownership favor SHFs. We conclude that what best serves the customers is coexistence of ownership types, and we call for empirical research to test the theory.
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Dokumentart: 
Article
Dokumentversion: 
Accepted Manuscript (Postprint)
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