Bibliographic citations
Salcedo, J., (2021). El enfoque de la Organización Industrial del impacto de la concentración de mercado sobre el margen financiero de las Cajas Municipales en el 2002 al 2019 [Tesis, Universidad Peruana de Ciencias Aplicadas (UPC)]. http://hdl.handle.net/10757/659325
Salcedo, J., El enfoque de la Organización Industrial del impacto de la concentración de mercado sobre el margen financiero de las Cajas Municipales en el 2002 al 2019 [Tesis]. PE: Universidad Peruana de Ciencias Aplicadas (UPC); 2021. http://hdl.handle.net/10757/659325
@misc{renati/398834,
title = "El enfoque de la Organización Industrial del impacto de la concentración de mercado sobre el margen financiero de las Cajas Municipales en el 2002 al 2019",
author = "Salcedo Alvarado, Jessica Ingrid",
publisher = "Universidad Peruana de Ciencias Aplicadas (UPC)",
year = "2021"
}
This research seeks to evaluate the determinants of the financial margin of the Cajas Municipales de Ahorro y Crédito in Peru (CMACs), a margin that is defined as the ratio of the difference in income and financial expenses between the total assets of each entity. The study considers microeconomic and macroeconomic determinants that could impact on the financial margin of the CMAC and how the market concentration, measured through two indicators: the Herfindahl and Hirschman Index (IHH) and the Index of Concentration (IC6), could impact the variable under research. The analysis covers the period 2002-2019, in which medium and small companies have become an essential part of the credit portfolio of MFIs, so the efficiency in the operations and financing services offered by these entities are important in the development of the business sector. The results suggest that the IHH and IC6 show a relationship that is not in accordance with the Industrial Organization Theory. Similar to these results, it is shown that more indicators would determine the financial margin of the CMACs, which will help to propose recommendations and policy measures that allow a better performance of the microfinance sector, contributing finally to economic growth.
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