|
|
|
| Registros recuperados: 22 | |
|
|
| Hartarska, Valentina M.. |
| This paper studies whether microfinance rating agencies were able to impose market discipline on microfinance institutions (MFIs) during the period 1998-2002. Results indicate that not all rating agencies had equal impact. While some rating agencies were able to promote better sustainability, there is some weak evidence that rating by a particular rater might have induce moral hazard, whereby after receiving good rating, MFIs had worse performance perhaps because in some regions several raters operated simultaneously. Evidence also suggests that subsidized rating does not encourage improvements in sustainability and has negative impact on outreach. Rating by some individual raters helped MFIs to raise additional funds. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Financial Economics. |
| Ano: 2006 |
URL: http://purl.umn.edu/25506 |
| |
|
|
| Hartarska, Valentina M.. |
| This paper focuses on the ability of microfinance rating agencies to impose market discipline on microfinance institutions by rating these organizations' performance. Results indicate that not all rating agencies are equal as only one rater was able to impose market discipline by promoting better sustainability, while rating by another agency caused MFIs to slack off. In addition, while rating in general lead to better outreach, this effect was annulled if MFIs received financial aid in order to get rated. Finally, only one rater provided rating that allowed MFIs to raise additional debt |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Financial Economics. |
| Ano: 2005 |
URL: http://purl.umn.edu/35647 |
| |
|
|
| Hartarska, Valentina M.. |
| This paper shows that imperfections in the credit market and insecurity of property rights affect nonuniformly the investment of younger and established microenterprises in Russia. The empirical analysis of investment is based on the liquidity constraint model but also accounts for the added challenged that the weak institutional structure and the small size of the enterprises pose. Investment in younger firms is most constrained by the availability of funds, while investment in more established microenterprises is affected by the ability of the entrepreneurs to "secure" their property rights by paying bribes. Financial institutions are unable to distinguish good from bad borrowers but lend to firms that have transparent transactions. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural Finance. |
| Ano: 2002 |
URL: http://purl.umn.edu/24857 |
| |
|
| |
|
| |
|
| |
|
|
| Hartarska, Valentina M.. |
| This paper investigates the influence of board size and board diversity on the performance of Community Development Financial Institutions' operating in the Southeast. The results indicate that at present many CDFI boards are larger than optimal. The results also show that CDFIs generally have well diversified boards and that these organizations' performance is unlikely to improve by further diversifying their boards. However, CDFIs performance may be improved by promoting smaller boards. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Financial Economics. |
| Ano: 2005 |
URL: http://purl.umn.edu/19260 |
| |
|
| |
|
|
| Nadolnyak, Denis A.; Hartarska, Valentina M.; Fletcher, Stanley M.. |
| The paper presents preliminary results of the analysis of cost efficiency of peanut production in the South-Eastern region utilizing data from the 2001 Peanut Farm Costs and Returns Survey. Stochastic cost frontier analysis using both Cobb-Douglas and translog functional forms is used as the most suitable given data availability and the nature of the industry. Estimation results are used in a discussion of the likely farm-level effects of the 2002 Farm Act, which substituted quota support with marketing assistance loan program. Contrary to our expectations, quota ownership did not significantly affect cost efficiency, which implies that quota ownership is not a discriminating factor in considering the effects of the Farm Act. Other producer... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Crop Production/Industries. |
| Ano: 2004 |
URL: http://purl.umn.edu/20126 |
| |
|
| |
|
|
| Hartarska, Valentina M.. |
| This paper studies how various governance mechanisms affect the performance of microfinance institutions in Central and Eastern Europe and the Newly Independent States. Results show that managerial compensation matters, that market forces are becoming important disciplining device, and that board size, diversification and independence affect both outreach and sustainability. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Financial Economics. |
| Ano: 2004 |
URL: http://purl.umn.edu/34722 |
| |
|
|
| Elliott, Vaughn M., II; Hartarska, Valentina M.; Bailey, Conner. |
| Using forest concentration data from Alabama, Arkansas, Georgia, Kentucky, Louisiana, North Carolina, South Carolina, and Virginia, this paper test whether or not the low-level of economic growth is related to forest resource intensity and Dutch Disease. Specifically, cross sectional data from 815 counties are used to evaluate how changes personal income growth is affected by concentration of forestry resources, government and business investment, educational investment and consumption. We find evidence that the county economies in the South may suffer from Dutch Disease. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/9990 |
| |
|
| |
| Registros recuperados: 22 | |
|
|
|
