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dc.contributor.authorKhan, Ather Azim-
dc.contributor.authorMustafa, Faisal-
dc.contributor.authorKhursheed, Ambreen-
dc.identifier.citationKhan, A. A., Mustafa, F., & Khursheed, A. (2018). Impact of global financial crisis on socially innovative microfinance institutions in Pakistan. Journal of Accounting, Finance and Auditing Studies, 4(3), 67-86.en_GB
dc.description.abstractThe wave of global financial crises (2007 – 2008) caused a surge in the capital flows of developed countries particularly, between developed and developing countries. The crisis has hit all financial sectors with unexpected severity and speed. This paper determines the impact of global financial crisis (2007 – 2008) on socially innovative microfinance institutions operating in Pakistan by using descriptive ratio analysis and the Wilcoxon Signed Ranks Test. This paper analyzes performance of MFIs for 15 years i.e., from 2000 – 2014 in three waves: before, during and after the financial crisis. The results show that financial crisis affected performance of all selected MFIs but Thardeep Rural Development Programme (TRDP) showed major changes in three waves of crises. The output of the Wilcoxon Signed Ranks Test confirms that the financial crisis worsened the operations of MFIs in Pakistan. This study will assist microfinance practitioners, policy makers, rural financial institutions, and microfinance institutions in maintaining and developing more effective strategies to survive in such crisis in the future.en_GB
dc.publisherAhmet Gökgözen_GB
dc.subjectGlobal Financial Crisis, 2008-2009en_GB
dc.subjectMicrofinance -- Pakistanen_GB
dc.subjectSmall business -- Pakistanen_GB
dc.subjectRatio analysisen_GB
dc.titleImpact of global financial crisis on socially innovative microfinance institutions in Pakistanen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publication.titleJournal of Accounting, Finance and Auditing Studiesen_GB
Appears in Collections:Journal of Accounting, Finance and Auditing Studies, Volume 4, Issue 3
Journal of Accounting, Finance and Auditing Studies, Volume 4, Issue 3

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