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How Does National Culture Influence Microfinance Institutions?: Evidence Based on Investigating 45 Countries

How Does National Culture Influence Microfinance Institutions?: Evidence Based on Investigating 45 Countries

Zsuzsanna Banász, Anikó Csepregi
Copyright: © 2023 |Pages: 23
ISBN13: 9781668475522|ISBN10: 1668475529|EISBN13: 9781668475539
DOI: 10.4018/978-1-6684-7552-2.ch031
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MLA

Banász, Zsuzsanna, and Anikó Csepregi. "How Does National Culture Influence Microfinance Institutions?: Evidence Based on Investigating 45 Countries." Research Anthology on Microfinance Services and Roles in Social Progress, edited by Information Resources Management Association, IGI Global, 2023, pp. 577-599. https://doi.org/10.4018/978-1-6684-7552-2.ch031

APA

Banász, Z. & Csepregi, A. (2023). How Does National Culture Influence Microfinance Institutions?: Evidence Based on Investigating 45 Countries. In I. Management Association (Ed.), Research Anthology on Microfinance Services and Roles in Social Progress (pp. 577-599). IGI Global. https://doi.org/10.4018/978-1-6684-7552-2.ch031

Chicago

Banász, Zsuzsanna, and Anikó Csepregi. "How Does National Culture Influence Microfinance Institutions?: Evidence Based on Investigating 45 Countries." In Research Anthology on Microfinance Services and Roles in Social Progress, edited by Information Resources Management Association, 577-599. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-6684-7552-2.ch031

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Abstract

Many studies deal with the determinants of countries' culture or efficiency of microfinance institutions (MFIs). This chapter aims to fill the gap in the literature by analyzing the connection between national cultural features and indicators of countries' MFIs. The summary of analyses made regarding MFIs is followed by the national cultural dimensions, and how knowledge strategy could serve poverty reduction. Forty-five countries represent the subject of the research. Their statistics are available for both MFIs and national culture. Rank correlation and investigation of TOP5 countries show that the MFIs are successful in countries characterized by high levels of power distance, collectivistic, long-term-oriented and restraint culture. Based on these results, the chapter lists countries where MFIs could be successfully introduced based on their national cultural features and recommends certain knowledge strategies for effective operation. Finally, research directions as a continuation of this study are also presented.

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