The effect of regulations on ability of MFIs to provide sustained financial services to small business

References

• Abor, J., & Quartey, P. (2010). Issues in SME development in Ghana and South Africa. International Research Journal of Finance and Economics, 39(6), 215–228.
   Google Scholar
• Adjei, J. K. (2010). Microfinance and poverty reduction. The experience of Ghana. Accra: BOLD Communications Limited.
   Google Scholar
• Adongo, J., & Stork, C. (2005). Factors influencing the financial sustainability of selected microfinance institutions in Namibia. NEPRU Research Paper no. 39.
   Google Scholar
• Afrane, S. (2002). Impact assessment of microfinance interventions in Ghana and South Africa: A synthesis of major impacts and lessons. Journal of Microfinance/ESR Review, 4(1), 37–58.
   Google Scholar
• Agarwal, P. K., & Sinha, S. K. (2010). Financial performance of microfinance institutions of India. Delhi Business Review, 11(2), 37–46.
   Google Scholar
• Armendariz de Aghion, B., & Morduch, J. (2005). The economics of microfinance. Cambridge: MIT Press.
   Google Scholar
• Arsyad, L. (2005). An assessment of performance and sustainability of microfinance institutions: A case study of village credit institutions in Gianyar, Bali, Indonesia. Unpublished doctoral dissertation. Adelaide: Flinders University.
   Google Scholar
• Ayayi, A. G., & Sene, M. (2010). What drives microfinance institution’s financial sustainability. The Journal of Developing Areas, 44(1), 303–324.
   Google Scholar
• Bank of Ghana (BoG). (2011). Legal and regulatory framework. Retrieved from http://www.bog.gov.gh/index.php?option=com_content&view=article&id=62&Itemid=122
   Google Scholar
• Baumann, T. (2005). Pro-poor microcredit in South Africa: Cost-efficiency and productivity of South African pro-poor microfinance institutions. Journal of Microfinance/ESR Review, 7(1), 97–119.
   Google Scholar
• Biety, M. (2003). An introduction to liquidity and asset liability management. In M. Hirschland (Ed.), Savings services for the poor: An operational guide (pp. 293–300). Washington, DC: PACT Publications.
   Google Scholar
• Bigsten, A., Collier, P., Dercon, S., Fafchamps, M., Gauthier, B., Gunning, J. W., & Zeufack, A. (2003). Credit constraints in manufacturing enterprises in Africa. Journal of African Economies, 12(1), 104–125.
   Web of Science ®Google Scholar
• Braun, V., & Clarke, V. (2006). Using thematic analysis in psychology. Qualitative Research in Psychology, 3(2), 77–101.
   Google Scholar
• Brink, P. (1991). Issues of reliability and validity. In J. Morse (Ed.), Qualitative nursing research: A contemporary dialogue (pp. 16–29). London: Sage.
   Google Scholar
• Carcary, M. (2009). The research audit trial-enhancing trustworthiness in qualitative inquiry. The Electronic Journal of Business Research Methods, 7(1), 11–24.
   Google Scholar
• Chiumya, C. (2006). The regulations of microfinance institutions: A Zambian case study. Unpublished dissertation. Manchester: University of Manchester.
   Google Scholar
• Christen, R. P., Lyman, T. R., & Rosenberg, R. (2003). Guiding principles on regulation and supervision of microfinance.microfinance consensus guidelines. Washington: CGAP.
   Google Scholar
• Christen, R., Rhyne, E., Vogel, R., & McKean, C. (1995). Maximizing the outreach of microenterprise finance: The emerging lessons of successful programs. USAID program and operations assessment report No. 10, Washington.
   Google Scholar
• Crabtree, B. F., & Miller, W. L. (1992). Doing qualitative research: Multiple strategies. Thousand Oaks, CA: Sage.
   Google Scholar
• Cull, R., Demirgüç-Kunt, A., & Morduch, J. (2007). Financial performance and outreach: A global analysis of leading microbanks. The Economic Journal, 117, F107–F133.
   Web of Science ®Google Scholar
• Cull, R., Demirgüç-Kunt, A., & Morduch, J. (2011). Does regulatory supervision curtail microfinance profitability and outreach? World Development, 39(6), 949–965.
   Web of Science ®Google Scholar
• Daley-Harris, S. (2009). State of the Microcredit Summit Campaign Report 2009. Retrieved from http://www.microcreditsummit.org/resource/48/state-of-the-microcredit-summit.html
   Google Scholar
• De Crombrugghe, A., Tenikue, M., & Sureda, J. (2008). Performance analysis for a microfinance institutions in India. Annals of Public and Cooperative Economics, 79(2), 269–299.
   Google Scholar
• DFID. (2000). Sustainable livelihoods guidance sheets. Department for International Development. Retrieved from http://www.livelihoods.org/info/info_guidancesheets.html
   Google Scholar
• Dieckmann, R. (2007). Microfinance: An emerging investment opportunity. Deutsche bank research, current issues. Frankfurt.
   Google Scholar
• Edgcomb, E. L., & Cawley, J. (1994). The process of institutional development: Assisting small enterprise institutions become more efficient. In M. Otero & E. Rhyne (Eds.), The new world of microenterprise finance: Building healthy institutions for the poor (pp. 76–93). West Harford, CT: Kumarian Press.
   Google Scholar
• Effa, D. A., & Herring, D. R. (2005). Micro finance support of rural women farmers in Ghana: A case study of the GA district of the Greater Accra Region, Ghana. Proceedings of the Annual AIAEE Conference, 21, 304–314.
   Google Scholar
• Fereday, J., & Muir-Cochrane, E. (2006). Demonstrating rigor using thematic analysis: A hybrid approach of inductive and deductive coding and theme development. International Journal of Qualitative Methods, 5(1), 80–92.
   Google Scholar
• Ferro-Luzzi, G., & Weber, S. (2006). Measuring the performance of microfinance institutions. Retrieved from http://ssrn.com/abstract=918750
   Google Scholar
• Field, P. A., & Morse, J. M. (1985). Nursing research: The application of qualitative approaches. London: Chapman and Hall.
   Google Scholar
• Fosu, C. (2008). An impact assessment of financial NGOs in Ghana: A case study of the clients of the social investment fund microfinance programme. Unpublished master’s dissertation, Southern New Hampshire University.
   Google Scholar
• Gallardo, J. (2002). A framework for regulating microfinance institutions. The experience in Ghana and the Philippines. The Financial Sector Development Department. Policy Research Working Paper No. 2755. The World Bank.
   Google Scholar
• Ghana Cooperative Susu Collectors Association (GCSCA). (2007). Self-regulation framework for Susu Collectors in Ghana, 2007 Edition.
   Google Scholar
• Ghana Microfinance. (n.d). General background on global microfinance trends. Retrieved from http://www.mofep.gov.gh/sites/default/files/pages/microfinance_0.pdf
   Google Scholar
• Gonzalez, A. (2007). Efficiency drivers of microfinance institutions (MFIs): The case of operating expenses and its drives. MIX Discussion Paper No. 2, November 2007.
   Google Scholar
• Guba, E. G. (1981). Criteria for assessing the trustworthiness of naturalistic inquiries. Educational Communication and Technology Journal, 29(2), 75–91.
   Web of Science ®Google Scholar
• Haq, M., Hoque, M., & Pathan, S. (2008). Regulation of microfinance institutions in Asia: A comparative analysis. International Review of Business Research Papers, 4(4), 421–450.
   Google Scholar
• Hartarska, V. (2005). Governance and performance of microfinance institutions in Central and Eastern Europe and the newly independent states. World Development, 33(10), 1627–1643.
   Web of Science ®Google Scholar
• Hartarska, V., & Nadolnyak, D. (2007). Do regulated microfinance institutions achieve better sustainability and outreach? Cross-country evidence. Applied Economics, 39(10), 1207–1222.
   Web of Science ®Google Scholar
• Hermes, N., & Lensink, R. (2007). The empirics of microfinance: What do we know? The Economic Journal, 117(517), F1–F10.
   Web of Science ®Google Scholar
• Hermes, N., Lensink, R., & Meesters, A. (2011). Outreach and efficiency of microfinance institutions. World Development, 39(6), 938–948.
   Web of Science ®Google Scholar
• Johnson, S., & Rogaly, B. (1997). Microfinance and poverty reduction. London: Oxfam.
   Google Scholar
• Kar, A. K. (2011). Microfinance institutions: A cross-country empirical Investigationofoutreach and sustainability. Journal of Small Business and Entrepreneurship, 24(3), 427–446.
   Google Scholar
• Kayanula, D., & Quartey, P. (2000). The policy environment for promoting small and medium-sized enterprises in Ghana and Malawi. In Finance and Development Research Programme.World Bank Working Paper Series, No. 15.
   Google Scholar
• Khandker, S. R., Khan, Z. H., & Khalily, M. B. (1995). Grameen bank: Performance and sustainability. Washington, DC: World Bank Publications.
   Google Scholar
• Kono, H., & Takahashi, K. (2010). Microfinance revolution: Its effects, innovations, and challenges. The Developing Economies, 48(1), 15–73.
   Web of Science ®Google Scholar
• Kotir & Obeng-Odoom. (2009). Microfinance and rural household development: A Ghanaian perspective. Journal of Developing Societies, 25(1), 85–105.
   Google Scholar
• Kufuor, A. A. (2008). Employment generation and small medium enterprise (SME) development: The garment and textile manufacturing industry in Ghana. Paper presented at the International Forum on Sustainable Private Sector Development (IFSPSD), Nova Scotia, Canada.
   Google Scholar
• Kumar, V. V. P., & Gupta, V. K. (2011). Analysis of performance indicators on sustenance of micro finance institutes: A comparative study of East Asian &pacific and South Asian countries. Research Journal of Finance and Accounting, 2(3), 1–15.
   Google Scholar
• Ledgerwood, J. (1998). Microfinance handbook: An institutional and financial perspective. Washington, DC: World Bank. Retrieved from http://hdl.handle.net/10986/12383
   Google Scholar
• Littlefield, E., Morduch, J., & Hashemi, S. (2003). Is microfinance an effective strategy to reach the Millennium development goals? Focus Note, 24(2003), 1–11.
   Google Scholar
• Llewellyn, D. (1999). The economic rationale for financial regulation. FSA Occasional paper Series 1. London: FSA.
   Google Scholar
• Makina, D., & Malobola, L. M. (2004). Impact assessment of microfinance programmes, including lessons from Khula enterprise finance. Development Southern Africa, 21(5), 799–814.
   Google Scholar
• Meagher, P. (2002). Microfinance regulation in developing countries: A comparative review of current practice. College Park, MD: IRIS Center, University of Maryland.
   Google Scholar
• Mersland, R., & Strøm, RØ. (2009). Performance and governance in microfinance institutions. Journal of Banking & Finance, 33(4), 662–669.
   Web of Science ®Google Scholar
• Meyer, R. L. (2002). Track record of financial institutions in assisting the poor in Asia. ADB Institute Research Paper 49.
   Google Scholar
• Micro Banking Bulletin. (2005). Special edition on financing. The scope of funding mechanisms. Issue No. 11, August, 2005.
   Google Scholar
• M’Mukiri, S. M. (2013). The effect of government regulation on the financial sustainability of microfinance institutions in Kenya (Unpublished master’s dissertation). University of Nairobi, Nairobi, Kenya.
   Google Scholar
• Morduch, J. (2005). Micofinance: Achieving profit and social impact. Appropriate Technology, 32(2), 65–66.
   Google Scholar
• Nanor, M. A. (2008). Microfinance and its impact on selected districts in Eastern region of Ghana. Unpublished master’s dissertation. Ghana: Kwame Nkrumah University of Science and Technology.
   Google Scholar
• Navajas, S., Schreiner, M., Meyer, R. L., Gonzalez-Vega, C., & Rodriguez-Meza, J. (1998). Microcredit and the poorest of the poor: Theory and evidence from Bolivia. Paper presented at the Latin American and Caribbean Economic Association Conference, October 22-24, Buenos Aires, Argentina.
   Google Scholar
• Navajas, S., Schreiner, M., Meyer, R. L., Gonzalez-Vega, C., & Rodriguez-Meza, J. (2000). Microcredit and the poorest of the poor: Theory and evidence from Bolivia. World Development, 28(2), 333–346.
   Web of Science ®Google Scholar
• Nawaz, A. (2009). Issues in sustainability of microfinance: Three empirical essays at micro and macro level. Unpublished doctoral dissertation. Germany: GöttingenGraduate School of Social Sciences.
   Google Scholar
• Nixson, F., & Cook, P. (2005). Small and medium-sized enterprises in developing countries. In C. J. Green, C. H. Kirkpatrick, & V. Murinde (Eds.), Finance and development: Surveys of theory, evidence and policy (pp. 333–355). Cheltenham: Edward Elgar.
   Google Scholar
• Nyanzu, F., & Peprah, J. A. (2016). Regulation, Outreach and Sustainability of MFIs in SSA: A Multilevel Analysis. Retrieved from https://mpra.ub.uni-muenchen.de/70865/MPRA Paper No. 70865
   Google Scholar
• Omino, G. (2005). Regulation and supervision of microfinance institutions in Kenya. Essays on Regulation and Supervision No. 1. Washington D.C., CGAP.
   Google Scholar
• Parker, R., Riopelle, R., & Steel, W. F. (1995). Small enterprises adjusting to liberalization in five African countries. World Bank Discussion Paper No. 271, African Technical Department Series. Washington, DC: The World Bank.
   Google Scholar
• Paxton, J., & Cuevas, C. (2002). Outreach and sustainability of member based rural financial intermediaries. In M. Zeller & R. L. Meyer (Eds.), The triangle of microfinance: Financial sustainability, outreach, and impact. Baltimore: Johns Hopkins University Press.
   Google Scholar
• Quartey, J. A. (2015). The effect of regulation on the performance of microfinance institutions in promoting small business growth in Ghana. Unpublished doctoral dissertation. Armidale: University of New England.
   Google Scholar
• Quartey, J. A., & Kotey, B. (2019). Effect of regulation on outreach of microfinance institutions. International Journal of Accounting and Financial Reporting, 9(1), 317–339.
   Google Scholar
• Robinson, M. (2001). The microfinance revolution: Sustainable finance for the poor. Washington, DC: The World Bank.
   Google Scholar
• Sa-dhan. (2009). Sustainability in microfinance. Retrieved from http://www.sadhan.net/Adls/Microfinance/Miscellaneous/SustainabilityInMicrofinance.pdf
   Google Scholar
• Saunders, M., Lewis, P., & Thornhill, A. (2007). Research methods for business Students. (4thedn.). Prentice Hall, NJ: Financial Times.
   Google Scholar
• Schreiner, M., & Yaron, J. (1999). The subsidy dependence index and recent attempts to adjust it. Savings and Development, 23(4), 375–405.
   Google Scholar
• Seibel, H. D. (1997). Microfinance in Nepal: An Assessment of microfinance institutions banking with the poor. ESO No. 2368, Department of Agricultural Economics and Rural Sociology, The Ohio State University, Columbus, May 1997.
   Google Scholar
• Shenton, A. K. (2004). Strategies for ensuring trustworthiness in qualitative research projects. Education for Information, 22(2), 63–75.
   Google Scholar
• Tucker, M. (2001). Financial performance of selected microfinance institutions: Benchmarking progress to sustainability. Journal of Microfinance/ESR Review, 3(2), 107–123.
   Google Scholar
• Woller, G. M., Dunford, C., & Woodworth, W. (1999). Where to microfinance. International Journal of Economic Development, 1(1), 29–64.
   Google Scholar
• Yaron, J. (1992). Successful rural finance institutions. World Bank - Discussion Papers no. 150.
   Google Scholar
• Yaron, J., & Manos, R. (2007). Determining the self-sufficiency of microfinance institutions. Savings and Development, 31(2), 131–160.
   Google Scholar
• Yukhymenko, M. A., Brown, S. W., & Lawless, K. A. (2014). Thematic analysis of teacher instructional practices and students response in middle school classroom with problems – based learning environment. Global Education Review, 1(3), 93–110.
   Google Scholar
• Yunus, M. (2001). Banker to the poor. The autobiography of Muhammad Yunus.
   Google Scholar