Microfinance literature: A sustainability level perspective survey

García-Pérez, Icíar; Torres, María Jesús Muñoz; Fernández-Izquierdo, María-Ángeles

doi:10.1016/j.jclepro.2016.10.128

Cited by 51 publications

(67 citation statements)

References 112 publications

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“…Likewise, they were related to the 17 proposed Sustainable Development Goals (SDGs) stakeholder action‐oriented agenda; these provide an integrated and universal vision for ending extreme poverty, reducing inequalities and protecting the planet. The SIs are also adjusted to the Global Reporting Initiative (GRI) guidelines, which offer an adaptive framework for sustainability reporting (Azapagic, ; Bouten, Everaert, Van Liedekerke, De Moor, & Christiaens, ) and a consensual structure for the SI categorization (García‐Pérez et al, ).…”

Section: Methodsmentioning

confidence: 99%

“…However, most articles have looked at the sustainability of microfinance institutions (MFIs); these refer exclusively to financial sustainability (García‐Pérez, Muñoz‐Torres, & Fernández‐Izquierdo, ). Previous studies cite a lack of research on an integrative sustainability approach (Haughton, ; Moran, Wackernagel, Kitzes, Goldfinger, & Boutaud, ; Perez, ; Saint‐Supéry Ceano‐Vivas, Muñoz‐Torres, & Rivera Lirio, ).…”

Section: Introductionmentioning

confidence: 99%

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Microfinance institutions fostering sustainable development

García-Pérez

Torres

Izquierdo

2018

Sustainable Development

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The microfinance sector is considered an important contributor to the expansion of formal financial systems. It plays a significant role in sustainable development. Microfinance institutions (MFIs) as key actors in the microfinance sector require an organizational management framework that facilitates sustainable growth. The objective of this study is to define a balanced MFI sustainability approach that considers financial, environmental, social and governance dimensions as equally important. Through a clustering process, this research establishes the relationship between the various sustainability indicators provided by MixMarket, and it determines different MFI sustainability profiles. This research uses the Kruskal–Wallis method to characterize each group based on outreach, financial and risk indicators. The results show that there is no balance between the different sustainability areas, and lead to the conclusion that it is necessary to promote an integrative approach to foster sustainability management practices in the microfinance industry.

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Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Microfinance institutions fostering sustainable development

García-Pérez

Torres

Izquierdo

2018

Sustainable Development

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“…In fact, one thing that has been perceived in literature is that credit support has been strongly pointed out as of the big challenges to boost the development of formal and informal microenterprises, contributing to income and employment generation for the development of backward regions (Alves & Camargos, 2014;Carlucci, Cirà, Immordino, Ioppolo, & Yigitcanlar, 2017;García-Pérez, Muñoz-Torres, & Fernández-Izquierdo, 2017;Rakib, Chakrabarty, & Winn, 2018). This happens because, without access to financial resources, individuals face difficulties in starting, maintaining and expanding their economic activities, sustaining poverty and income inequality (Bilau & St-Pierre, 2018;Chliova, Brinckmann, & Rosenbusch, 2015;Soares, Barreto, & Azevedo, 2011 In Brazil, following the logic outlined above, microcredit is the most visible and developed part within a complex set of tools for generating income and combating poverty.…”

Section: Microcredit: General Discussionmentioning

confidence: 99%

Microcredit and Gender: Are There Differences in the Credit Conditions?

Salgado

Aires

2018

BAR, Braz. Adm. Rev.

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By means of a distinguished approach of credit granting, microcredit programs stand out as a socioeconomic alternative for social insertion and fighting against poverty. In this context, a factor that has gained prominence in literature is the female participation in these programs. Therefore, knowing that the literature indicates that there is a lower level of default among women, and considering that gender influence over the financing value has been disproportionate, the aim of this research was to evaluate the relationship between gender and the amounts which were granted in microcredit operations. In order to achieve this, a multiple linear regression technique was used on a sample of 4,454 microcredit clients of a bank with branches located in Paraíba, Brazil. Primary data collection was carried out together with the branch managers by consulting their system. Data were randomly chosen, and refer to the period from January to December 2016. Results show that women obtain a higher credit value than men, which is the opposite of what was found in literature.

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“…If any discrepancies occur, other authors reviewed the information to resolve inconsistencies (García-Pérez et al, 2017;Moneva et al, 2007;Roman et al, 1999). The information analyzed from each ESG rating agency was independently reviewed by two of the authors, in order to ensure the validity of this process.…”

Section: Rq2-data and Methodologymentioning

confidence: 99%

Can environmental, social, and governance rating agencies favor business models that promote a more sustainable development?

Torres

Izquierdo

Rivera-Lirio

et al. 2018

Corp Soc Responsibility Env

126

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The development of sustainable finance favors the appearance of environmental, social, and governance (ESG) rating agencies as providers of ESG information and tools for measuring the contribution of companies to sustainable development. This paper attempts to show whether assessment methods adopted by eight ESG agencies are consistent with the Integrative ESG Sustainable Value Framework proposed according to the literature and sustainable business models (SBMs) conceptualization.An exploratory research analyzes whether these methods are identifying and/or driving more SBMs that contribute to promote the creation of sustainable value, seeking to generate economic, social, and environmental value. Results indicate that ESG rating agencies identify the short-term results in the internal organizational perspective mainly in the environmental dimension, whereas social aspects are emphasized from the external organizational perspective. However, ESG rating agencies are not driving a more SBMs that must integrate ESG criteria in a holistic way with a short-term and long-term perspective. KEYWORDS corporate sustainability (CS), environmental, social and governance (ESG) rating agencies, sustainable and responsible investment (SRI), sustainable business models (SBMs), sustainable development, sustainable value creation

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Microfinance literature: A sustainability level perspective survey

Cited by 51 publications

References 112 publications

Microfinance institutions fostering sustainable development

Microfinance institutions fostering sustainable development

Microcredit and Gender: Are There Differences in the Credit Conditions?

Can environmental, social, and governance rating agencies favor business models that promote a more sustainable development?

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