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  1. Mission drift in microcredit and microfinance institution incentives
    Published: January 2017
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich

    We analyze the relationship between Microfinance Institutions (MFIs) and external donors, with the aim of contributing to the debate on "mission drift" in microfinance. We assume that both the donor and the MFI are pro-poor, possibly at different... more

    Staats- und Universitätsbibliothek Bremen
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 63 (6332)
    No inter-library loan

     

    We analyze the relationship between Microfinance Institutions (MFIs) and external donors, with the aim of contributing to the debate on "mission drift" in microfinance. We assume that both the donor and the MFI are pro-poor, possibly at different extents. Borrowers can be (very) poor or wealthier (but still unbanked). Incentives have to be provided to the MFI to exert costly effort to identify the more valuable projects and to choose the right share of poorer borrowers (the optimal level of poor outreach). We first concentrate on hidden action. We show that asymmetric information can distort the share of very poor borrowers reached by loans, thus increasing mission drift. We then concentrate on hidden types, assuming that MFIs are characterized by unobservable heterogeneity on the cost of effort. In this case, asymmetric information does not necessarily increase the mission drift. The incentive compatible contracts push efficient MFIs to serve a higher share of poorer borrowers, while less efficient ones decrease their poor outreach.

     

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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/155574
    Edition: This version: January 2017
    Series: Array ; no. 6332
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  2. Mission drift in microcredit and microfinance institution incentives
    Published: [2017]
    Publisher:  Center for Research in Economics and Management, University of Rennes 1, University of Caen Normandie, [Rennes]

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Center for Research in Economics and Management ; WP 2017, 02 (January 2017)
    Subjects: Microfinance; Donors; Poverty; Screening
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  3. Mission drift in microcredit and microfinance institution incentives
    Published: [2017]
    Publisher:  UMR DIAL 225, Paris

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Document de travail / UMR DIAL 225 ; DT/2017, 01
    Subjects: microfinance; donors; poverty; screening
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  4. Intellectual property rights, multinational firms and technology transfers
    Published: [2017]
    Publisher:  Center for Research in Economics and Management, University of Rennes 1, University of Caen Normandie, [Rennes]

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Center for Research in Economics and Management ; WP 2017, 12 (November 2017)
    Subjects: Intellectual Property Rights; MNF; FDI; outsourcing; international trade
    Scope: 1 Online-Ressource (circa 27 Seiten), Illustrationen
  5. Intellectual property rights, multinational firms and technology transfers
    Published: November 2017
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich

    Intellectual Property Rights (IPR) protect firms from imitation and are considered crucial to promote innovation and technological diffusion. This paper examines the impact of IPR on import sourcing decisions of multinationals. We consider a... more

    Staats- und Universitätsbibliothek Bremen
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 63 (6769)
    No inter-library loan

     

    Intellectual Property Rights (IPR) protect firms from imitation and are considered crucial to promote innovation and technological diffusion. This paper examines the impact of IPR on import sourcing decisions of multinationals. We consider a framework in which firms offshore production of an intermediate good in a developing country. Firms can either decide to import the intermediate from vertically integrated producers, or from independent suppliers. In both cases, offshoring part of the production process embodies a risk of imitation. The model predicts that, under reasonable assumptions, stronger IPR encourage by a larger extent the imports of intermediates through vertical integration. Using U.S. Related-Party Trade database, we find empirical evidence supportive of the positive link between level of IPR and the relative share of imports from vertically integrated manufacturers.

     

    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/173045
    Series: Array ; no. 6769
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen