Are microfinance institutions in South-East Asia pursuing objectives of greening the environment?

Mia, Md Aslam and Zhang, Miao and Zhang, Cheng and Kim, Yoomi (2018) Are microfinance institutions in South-East Asia pursuing objectives of greening the environment? Journal of the Asia Pacific Economy, 23 (2). pp. 229-245. ISSN 1354-7860

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Official URL: https://doi.org/10.1080/13547860.2018.1442147

Abstract

Microfinance institutions (MFIs) were initially established to alleviate extreme poverty by providing a wide array of customized financial products. However, today's MFIs’ roles have been diversified into providing not only basic financial products but also a great variety of non-financial products, such as incentives and assistance to promote environment-friendly practices in the developing countries. By using an unbalanced panel data of 274 MFIs in South-East Asia from 2000 to 2014, this study investigated MFIs’ contribution in greening the environment using the proxy of greenhouse gas (GHG) emissions from the agriculture sector. The regression results show that the main proxy variables: number of borrowers, number of loans outstanding and average loan over gross national income per capita have a negative effect on GHG emissions, and thus, creating a positive impact on greening our environment.

Item Type: Article
Uncontrolled Keywords: Greenhouse gas; agriculture; sustainable development; microfinance institutions; South-East Asia
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Economics & Administration
Depositing User: Ms. Juhaida Abd Rahim
Date Deposited: 24 May 2019 04:08
Last Modified: 24 May 2019 04:08
URI: http://eprints.um.edu.my/id/eprint/21293

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