文章基本信息

标题：Financial Characteristics and Innovations in Microfinance Institutions in Ghana
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作者：Haruna Issahaku ; Stanley Kojo Dary ; Yazidu Ustarz 等
期刊名称：American Journal of Rural Development
印刷版ISSN：2333-4762
电子版ISSN：2333-4770
出版年度：2013
卷号：1
期号：3
页码：40-48
DOI：10.12691/ajrd-1-3-2
语种：English
出版社：Science and Education Publishing
摘要：The relationship between the financial structure of Microfinance Institutions (MFIs) and their innovativeness remains unexplored in the microfinance literature. This paper represents an attempt to fill this void using a random sample of microfinance institutions in the three northern regions of Ghana -Northern, Upper East and Upper West regions. The impact of financial characteristics on innovation was ascertained using a combination of Analysis of Variance (ANOVA) multiple regression, and binary logistic regression. The findings revealed that the loan repayment rate, and interest rate affect the introduction of new savings products (product innovation), and number of branches (location innovation). Sources of funding involving banking funding, and equity of owner were found to encourage the development of new loan products. The findings call for the need for MFIs to diversify their funding sources as a means of enhancing innovativeness and mitigating risk.
关键词：analysis of variance; multiple regression; binary logistic regression; northern Ghana; financial characteristics; innovation; microfinance institutions