Publication:
Impact Of Regulatory Efficiency And Market Openness To Social And Financial Efficiency: Empirical Evidence From Microfinance Institutions

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dc.contributor.authorNazratul Aina Mohamad Anwaren_US
dc.contributor.authorHafezali Iqbal Hussainen_US
dc.contributor.authorFakarudin Kamarudinen_US
dc.contributor.authorFadzlan Sufianen_US
dc.contributor.authorNurazilah Zainalen_US
dc.contributor.authorChe Mun Wongen_US
dc.date.accessioned2024-05-28T06:37:00Z
dc.date.available2024-05-28T06:37:00Z
dc.date.issued2021
dc.date.submitted18/2/2021
dc.descriptionSociety and Business Review Volume 16 Issue 3en_US
dc.description.abstractPurpose Microfinance institutions (MFIs) play a significant role in society to help low-income consumers that liaise with sustainable development goals. Therefore, the purpose of this paper is to examine the effects of two economic freedom components, namely, regulatory efficiency on business freedom and monetary freedom; and market openness on investment freedom and financial freedom. Their influence on the efficiency of MFIs in both social and financial ways is examined. Design/methodology/approach This study collected a total of 88 MFIs from Thailand and the Philippines for the years 2011 to 2017. The data envelopment analysis approach has been used to measure the MFIs’ efficiency level. Then, the ordinary least squares and generalised least square estimation methods serve to analyse the effects of economic freedom and other determinants on efficiency. Findings The results show that overall MFIs operate at an encouraging level. However, they were managerially inefficient when exploiting resources to achieve both social and financial efficiency. Therefore, MFIs should focus more on managerial operations to improve the level of efficiency. Results from panel regression analysis showed a mixed outcome for the relationship between economic freedom and MFIs’ efficiency both financially and socially. This suggested that different freedoms will result in different outcomes and significantly influence MFIs’ financial and social efficiency. Originality/value Regulatory efficiency and market openness are the vital aspects of economic freedom components that may significantly influence MFI’s performance specifically on social and financial efficiency. This study fills the research gap by examining the relationship between economic freedom components and specific MFIs’ social and financial efficiency, to ensure MFIs work to achieve sustainable development goals.en_US
dc.identifier.doi10.1108/SBR-04-2020-0056
dc.identifier.issn1746-5680
dc.identifier.issueIn press
dc.identifier.other2066-11
dc.identifier.urihttps://www.emerald.com/insight/content/doi/10.1108/SBR-04-2020-0056/full/html
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/7346
dc.identifier.volumeIn press
dc.language.isoenen_US
dc.publisherEmerald Publishing Limiteden_US
dc.relation.ispartofSociety and Business Reviewen_US
dc.subjectEconomic freedomen_US
dc.subjectMicrofinance institutionen_US
dc.subjectSocial effieciencyen_US
dc.subjectFinancial efficiencyen_US
dc.subjectMarket opennessen_US
dc.subjectRegulatory efficiencyen_US
dc.subjectG21en_US
dc.subjectG28en_US
dc.titleImpact Of Regulatory Efficiency And Market Openness To Social And Financial Efficiency: Empirical Evidence From Microfinance Institutionsen_US
dc.typeArticleen_US
dspace.entity.typePublication

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