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The effect of capital structure on sustainability and social performance of MFIS in vietnam

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Nội dung chi tiết: The effect of capital structure on sustainability and social performance of MFIS in vietnam

The effect of capital structure on sustainability and social performance of MFIS in vietnam

J1tiMINISTRY OF EDUCATION AND TRAINING STATE BANK OF VIETNAMBANKING ACADEMY OF VIETNAMNGUYEN BICH NGOCTHE EFFECT OF CAPITAL STRUCTURE ON SITSTAINABILI

The effect of capital structure on sustainability and social performance of MFIS in vietnam ITYAND SOCIAL PERFORMANCE OF MFIs IN VIETNAMMajor: Banking - FinanceCode: 9 34 02 01SUMMARY OF DOCTORAL THESIS IN ECONOMICSHaNoi, 2021ii ■■■■ ■riI HE

THESIS IS COMPLETED AT BANKING ACADEMY OF VIETNAMScientific suppervisor1Assoc. Prof., Dr. Dao Van Hung2Assoc. Prof., Dr. Le 1 'hanh l amReferee 1:.... The effect of capital structure on sustainability and social performance of MFIS in vietnam

.............................Referee 2:Referee 3:The thesis will be defended against the doctoral thesis examining committee’s judgement, held al Bank

The effect of capital structure on sustainability and social performance of MFIS in vietnam

ing Academy of Vietnam, al..............,................The thesis can be found at:-Library of Banking Academy of Vietnam-National l ibrary of Vietna

J1tiMINISTRY OF EDUCATION AND TRAINING STATE BANK OF VIETNAMBANKING ACADEMY OF VIETNAMNGUYEN BICH NGOCTHE EFFECT OF CAPITAL STRUCTURE ON SITSTAINABILI

The effect of capital structure on sustainability and social performance of MFIS in vietnam ral (Agnello et all. 2012; Ashta, 2010) and combating poverty as well as ensuring social security in particular (Ledgerwood, 2013; Chowdhury, 2009). i

n countries, especially developing countries like Vietnam. However, there arre still many people can not access financial services, which can make the The effect of capital structure on sustainability and social performance of MFIS in vietnam

ir way of improving living conditions even more harder, and percentage of poor people has increased as a result. Therfore. all nations have aimed at i

The effect of capital structure on sustainability and social performance of MFIS in vietnam

mpriving financial inclusion as a target.Above all. people living in poverty have been central of attraction because there are many barriers such as e

J1tiMINISTRY OF EDUCATION AND TRAINING STATE BANK OF VIETNAMBANKING ACADEMY OF VIETNAMNGUYEN BICH NGOCTHE EFFECT OF CAPITAL STRUCTURE ON SITSTAINABILI

The effect of capital structure on sustainability and social performance of MFIS in vietnam eared with the hope that can help poor people find easier to get financial services. This model after that has developed and quickly multiplied in man

y countries in the world.Particularly, statistics of Microfinance Barometer showed that microfinance instituions (MFIs) in the world provided services The effect of capital structure on sustainability and social performance of MFIS in vietnam

for about 136 million low-income people in 2016 and 139 million customers in 2017. Also, growth rate of MFIs’ customers in 2016 and 2017 was 9.6% and

The effect of capital structure on sustainability and social performance of MFIS in vietnam

5.6% respectively. It is clear that, although! there was an increase in the number of MFIs’ customer, the growth rate has been gradually slow down. M

J1tiMINISTRY OF EDUCATION AND TRAINING STATE BANK OF VIETNAMBANKING ACADEMY OF VIETNAMNGUYEN BICH NGOCTHE EFFECT OF CAPITAL STRUCTURE ON SITSTAINABILI

The effect of capital structure on sustainability and social performance of MFIS in vietnam re, it is neccessary to maintain as well as develop microfinance activities in long term to help more and more poor people improve their living standa

rd. To do that. Crabb (2007); Daher and Le Saout (2013) and Quayes (2015) all demonstrated that long term sustainability is the key to solve this prob The effect of capital structure on sustainability and social performance of MFIS in vietnam

lem because only when MFIs have become sustainable organisations, they can bring their customers out of poverty in long term (Rhyne, 1998; Meyer, 2002

The effect of capital structure on sustainability and social performance of MFIS in vietnam

). More importantly, researchers in Vietnam like Nguyen Kim Anh et al (2012, 2013) also argued that sustainability will lay the foundation for custome

J1tiMINISTRY OF EDUCATION AND TRAINING STATE BANK OF VIETNAMBANKING ACADEMY OF VIETNAMNGUYEN BICH NGOCTHE EFFECT OF CAPITAL STRUCTURE ON SITSTAINABILI

The effect of capital structure on sustainability and social performance of MFIS in vietnam s and goverment funding is not enough to support poor people through microfinance activities. Therefore, capital structure is really a big2challenge t

o MFIs because they have to raise capital from market to maintain their operation by themself. However, commercialization of micro finance at the same The effect of capital structure on sustainability and social performance of MFIS in vietnam

time also pose the problem of mission drift because MFI’s activities might be affected by investors’ wishes (Jasmina Devinck. 2013). Therefore, the c

The effect of capital structure on sustainability and social performance of MFIS in vietnam

hange in capital structure of MFI might exerts effect on both sustainability and social performance.

J1tiMINISTRY OF EDUCATION AND TRAINING STATE BANK OF VIETNAMBANKING ACADEMY OF VIETNAMNGUYEN BICH NGOCTHE EFFECT OF CAPITAL STRUCTURE ON SITSTAINABILI

J1tiMINISTRY OF EDUCATION AND TRAINING STATE BANK OF VIETNAMBANKING ACADEMY OF VIETNAMNGUYEN BICH NGOCTHE EFFECT OF CAPITAL STRUCTURE ON SITSTAINABILI

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