Abstract
This work compares the technical efficiency of private and publicly listed Micro Finance Institutions (MFIs), to that of publicly listed commercial banks of a similar scale and geographical location. Two research questions are addressed: are MFIs that go public more efficient than non-public MFIs?; and, how efficient are MFIs relative to “comparable” commercial banks? Our results indicate that publicly listed MFIs are more efficient than private MFIs when the latter operate at a suboptimal scale. That is, listed MFIs are able to grant the same amounts of loans, invest as much, and have the same range of profits but, at the same time, are more technologically efficient in reducing expenses and use less assets. Moreover, the results indicate that listed commercial banks are the least efficient of all types of financial services providers included in the sample studied.© 2018, Facultad de Contaduría y Administración, Universidad Nacional Autónoma de México. All rights reserved. Publication of the article implies full assignment of property rights (copyright) in Journal of Contaduría y Administración. The publication mreserves the right to total or partial reproduction of the work in other print, electronic or any other alternative means, but always recognizing its responsibility.
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