Gashaw Tadesse Abate, University of Trento, ItalySarath Abeysekera, University of Manitoba, CanadaGuesh Gebremeskel Ambaye, Mekelle University, EthiopiaS. Badruddoza, Institute of Microfinance, BangladeshTrishit Bandyopadhyay, XLRI Xavier School of Management, IndiaLeif Atle Beisland, University of Agder, NorwayCarlo Borzaga, University of Trento, ItalyGautier Dumont, Business Intelligence Analyst, BelgiumAkem Noela Forkusam, University of Oldenburg , GermanyHailemichael Tesfay Gessesse, Mekelle University, EthiopiaKindie Getnet, International Water Management Institute, EthiopiaNiels Hermes, University of Groningen, NetherlandsHarry Hummels, Maastricht University, Netherlands Ashim Kumar Kar, University of Helsinki, FinlandMd. Abdul Khaleque, University of Dhaka, BangladeshM. A. Baqui Khalily, Institute of Microfinance, BangladeshRonny Manos, Cranfield School of Management, UKMatteo Millone, Maastricht School of Business and Economics, NetherlandsUmut Oguzoglu, University of Manitoba, CanadaLuminita Postelnicu, Université Libre de Bruxelles, BelgiumTrond Randøy, University of Agder, NorwayMathias Schmit, Solvay Brussels School of Economics and Management, BelgiumSavita Shankar, Asian Institute of Management, PhilippinesRanjula Bali Swain, Uppsala University, SwedenAriane Szafarz, Université Libre de Bruxelles, BelgiumTam Le Thanh, National Economics University of Vietnam, VietnamLeonid Tsytrinbaum, The Technion - IsraelInstitute of Technology, Israel

1. Microfinance Financial and Social Performance: An Introduction; Roy Mersland and R. Øystein Strøm 2. Measuring Microfinance Performance; Roy Mersland and R. Øystein Strøm 3. What Does MFIs' Cash Flow Analysis Reveal?; Mathias Schmit and Gautier Dumont 4. 'Determinants of Performance in the Microfinance Industry: The Role of Culture'; Leonid Tsytrinbaum and Ronny Manos 5. 'Does Financial Globalization Affect Microfinance Mission Drift: Empirical Evidence from Sub Saharan Africa'; Akem Noela Forkusam 6. 'Sustainability and Mission Drift: Do Microfinance Institutions in Vietnam Reach the Poor'; Sarath Abeysekera, Umut Oguzoglu and Thanh Tam Le 7. 'The Impact of 2010 Andhra Pradesh Crisis on the Operational Efficiency of Indian Microfinance Institutions MFIs'; Trishit Bandyopadhyay and Savita Shankar 8. 'Impact of Regulation on the Cost Efficiency of Microfinance Institutions in Bangladesh'; M.A. Baqui Khalily, M. Abdul Khaleque and S. Badruddoza 9. The Social Function of Asset Classes in Microfinance: Enhancing Performance Through Donations, Private Equity and Debt; Harry Hummels and Matteo Millone 10. 'Defining Social Collateral in Microfinance Group Lending'; Luminita Postelnicu, Niels Hermes and Ariane Szafarz 11. 'Competition in Microfinance: Does it Affect Performance, Portfolio Quality and Capitalization?'; Ashim Kumar Kar and Ranjula Bali Swain 12. 'Efficiency of Microfinance Institutions in Ethiopia: DEA Approach'; Hailemichael Tesfay Gessesse and Guesh Gebremeskel Ambaye 13. 'Financial Sustainability and Outreach of Microfinance Institutions in Ethiopia: Does Ownership Form Matter?'; Gashaw Tadesse Abate, Carlo Borzaga and Kindie Getnet 14. Microbank Regulations and Earnings Quality: A Global Survey; Leif Atle Beisland, Roy Mersland and Trond Randøy

Research on MFI performance is still in its infancy. MFIs are hybrid organizations with dual objectives. Performance studies in microfinance are therefore less straightforward compared to performance studies in traditional banking research. This book contains new MFI performance research by top scholars from across the globe.