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TOWARDS A FINANCIAL MARKET-BASED MICROFINANCE

Yıl 2008, Sayı: 1, 0 - , 14.05.2015

Öz

Microfinance has been recognized as a key tool in regional economic development and poverty reduction. But a significant challenge for microfinance, to achieve this objective, is to reach sufficient scale to fulfill demend for financial services. Microfinance sector is currently transforming from non-profit framework towards a greater degree of financial market involvement. The purpose of this study is to motivate a discussion for the potential involvement of financial institutions such as commercial banks, interest-free banks, and venture capital organizations in microfinance market, either directly or indirectly, through their capital market activities and venture capital-like approaches.

Kaynakça

  • Al-Rifai, T. And A. Khan, The role of venture capital in contemporary Islamic Finance. http://www.failaka.com/library/articles/VC%20in%20Islamic%20
  • Finance.pdf, 2004.
  • Barkley, D.L., D.f:, D.M., J.S.R. and R.S., Establishing nontraditional venture capital institutions: Lessons learned. RUPRI Rural Equity Capital Initiative.Study of Nontraditional Venture Capital Institutions. Part1 of 4 of the final report. 2001.
  • Barkley, D.L. and D.M.M., Nontraditional sources of venture capital for rural America. Rural America, vol.16, issue 1, May 2001.
  • Baydas, M., D.H.G., and L.V., Commercial Banks in Microfinance. USAID-funded Project, August, 1997 Yıl:1 Cilt:1 Sayı:1, Yaz 2008 ISSN 1307-9832
  • International Journal of Economic and Administrative Studies
  • Bates, T. And W. Bradford, The viability of the Minority-oriented venture-capital industry under alternative financing arrangements. Economic Development Quarterly, 2006, 20, 178.
  • Baydas, P.M., D.H.Graham, and L. Valenzuela. Commercial banks in micro-finance: New actors in the micro-finance world. USAID-Funded Project, August, 2007..
  • Brouwers; M.G., Will there Still Be A Role for MFIs? Microfinance MATTERS, UNCDF, October 2005.
  • Bulut, H.I., Mudaraba-Venture Capital Closed-end Mutual Funds and Mudaraba-Venture Capital Open-end Mutual Funds. ISE Review, Vol.8, No.30, 1997. pp. 31-58.
  • Busch B. And E. Rhyne, The growth of commercial microfinance:2004-2006. Council of Microfinance Equity Funds. September, 2006.
  • Bygrave, W.D. and A.J. Timmons, Venture Capital at the Crossroads. Harvard Business School Pres, Boston, 1992.
  • Choudhury, M.A., Islamic Venture Capital. Journal of Economic Studies, Vol.28, No.1, 2001, pp.14-33.
  • Cizakca, m., Risk Sermayesi, Özel Finans Kurumları ve Para vakıfları. İlmi Neşriyat, İstanbul, 1999.
  • Dar, H.A. and J.R. Presley, Lack of profit loss sharing in Islamic banking: Management and control imbalances. International Journal of Islamic financial Services, Vol.2, No.2, J/S 2000.
  • Dhumale, T. And A. Sapcanin, An application of Islamic Banking Principles to Microfinance. Technical Note, United Nations Development Programme.
  • Dieckmann, R., Microfinance: An emerging investment opportunity. Deutsche Bank Research, Frankfurt, December 2007.
  • Fehr, D., Raising capital for microfinance: Sources of funding and opportunities for equity financing. Journal of Developmental Entrepreneurship, June 2006.
  • Ferro, N., Value Through Diversity: Microfinance and Islamic Finance and Global Banking. Corporate Social Responsibility and Sustainable Management, Italy, June 2005.
  • Florida, R. and D.F. Smith. Venture capital, innovation, and economic development. Economic development quarterly, vol.4, No.4, Nov.1990, pp345-360.
  • Gillin, L.O., Evaluating the availability of British social venture capital on the impact of social entrepreneurship. Int. J. Entrepreneurship and Small Business, Vol.3, No.1, 2006, pp.123-136.
  • Gupta, A.K. and H.J. Sapienza. Determinants of venture capital firms’ preferences regarding the industry diversification and geographic scope of their investments. Journal of Business ventures / (1992): 347-362
  • Henry, C.M., Islamic financial movements: Midwives of political change in the Middle East. A paper presented fort he 2001 Annual Meetings of the American Political science Association, San Francisco, September, 2001.
  • Kooi, P., Raising capital through equity investments in MFIs: Lessons from ACLEDA, Cambodia. New York, 2001.
  • Krauss, N. And I. Walter, Can microfinance Reduce Portfolio Volatility? New York University, November 2006.
  • McNaughton, R.B. and B.G. Milford, Spatial patterns of Canadian Venture capital investments. Regional Studies, vol.23, no.1 February 1989, pp9-18.
  • Meehan, J., Tapping the Financial Markets for microfinance. Working Paper Series, Grameen Foundation USA, October 2004.
  • Nageswaran, A., Investing for Sustainable growth: The Aavishkaar experiment for sustainable financing. At the Congress with Innovation Fair, University of Geneva, September 2003.
  • Network, O., Optimizing capital supply in support of microfinance industry growth. Working paper, AED CONFERENCE CENTER, Washington, D.C., October 2006.
  • Obaidullah, M., Islamic Financial Services.Islamic Economic Research Center, King Abdulaziz University, Saudi Arabia, 2005.
  • Otero. M., A commercial future for microfinance. Microfinance MATTERS, UNCDF, October, 2005.
  • Pretes, M., Microequity and Microfinance. World Development, Vol.30, No.8, pp.1341-1353, 2002.
  • Rahman, A.R.A., Islamic microfinance: A missing Component in Islamic Banking. Kyoto Bulletin of Islamic Area Studies, 1-2 (2007), pp.38-53.
  • Segrado, C., Islamic microfinance and socially responsible investments. Case study, University of Toronto, August, 2005.
  • Siddiqui, M.N., Islamic Banking:True Modes of Financing. New Horizon, 2001, pp.15-20.
  • Tulchin. D, Positioning microfinance institutions fort he capital markets. Social Enterprise Associates working paper #5. 2004.

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Yıl 2008, Sayı: 1, 0 - , 14.05.2015

Öz

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Kaynakça

  • Al-Rifai, T. And A. Khan, The role of venture capital in contemporary Islamic Finance. http://www.failaka.com/library/articles/VC%20in%20Islamic%20
  • Finance.pdf, 2004.
  • Barkley, D.L., D.f:, D.M., J.S.R. and R.S., Establishing nontraditional venture capital institutions: Lessons learned. RUPRI Rural Equity Capital Initiative.Study of Nontraditional Venture Capital Institutions. Part1 of 4 of the final report. 2001.
  • Barkley, D.L. and D.M.M., Nontraditional sources of venture capital for rural America. Rural America, vol.16, issue 1, May 2001.
  • Baydas, M., D.H.G., and L.V., Commercial Banks in Microfinance. USAID-funded Project, August, 1997 Yıl:1 Cilt:1 Sayı:1, Yaz 2008 ISSN 1307-9832
  • International Journal of Economic and Administrative Studies
  • Bates, T. And W. Bradford, The viability of the Minority-oriented venture-capital industry under alternative financing arrangements. Economic Development Quarterly, 2006, 20, 178.
  • Baydas, P.M., D.H.Graham, and L. Valenzuela. Commercial banks in micro-finance: New actors in the micro-finance world. USAID-Funded Project, August, 2007..
  • Brouwers; M.G., Will there Still Be A Role for MFIs? Microfinance MATTERS, UNCDF, October 2005.
  • Bulut, H.I., Mudaraba-Venture Capital Closed-end Mutual Funds and Mudaraba-Venture Capital Open-end Mutual Funds. ISE Review, Vol.8, No.30, 1997. pp. 31-58.
  • Busch B. And E. Rhyne, The growth of commercial microfinance:2004-2006. Council of Microfinance Equity Funds. September, 2006.
  • Bygrave, W.D. and A.J. Timmons, Venture Capital at the Crossroads. Harvard Business School Pres, Boston, 1992.
  • Choudhury, M.A., Islamic Venture Capital. Journal of Economic Studies, Vol.28, No.1, 2001, pp.14-33.
  • Cizakca, m., Risk Sermayesi, Özel Finans Kurumları ve Para vakıfları. İlmi Neşriyat, İstanbul, 1999.
  • Dar, H.A. and J.R. Presley, Lack of profit loss sharing in Islamic banking: Management and control imbalances. International Journal of Islamic financial Services, Vol.2, No.2, J/S 2000.
  • Dhumale, T. And A. Sapcanin, An application of Islamic Banking Principles to Microfinance. Technical Note, United Nations Development Programme.
  • Dieckmann, R., Microfinance: An emerging investment opportunity. Deutsche Bank Research, Frankfurt, December 2007.
  • Fehr, D., Raising capital for microfinance: Sources of funding and opportunities for equity financing. Journal of Developmental Entrepreneurship, June 2006.
  • Ferro, N., Value Through Diversity: Microfinance and Islamic Finance and Global Banking. Corporate Social Responsibility and Sustainable Management, Italy, June 2005.
  • Florida, R. and D.F. Smith. Venture capital, innovation, and economic development. Economic development quarterly, vol.4, No.4, Nov.1990, pp345-360.
  • Gillin, L.O., Evaluating the availability of British social venture capital on the impact of social entrepreneurship. Int. J. Entrepreneurship and Small Business, Vol.3, No.1, 2006, pp.123-136.
  • Gupta, A.K. and H.J. Sapienza. Determinants of venture capital firms’ preferences regarding the industry diversification and geographic scope of their investments. Journal of Business ventures / (1992): 347-362
  • Henry, C.M., Islamic financial movements: Midwives of political change in the Middle East. A paper presented fort he 2001 Annual Meetings of the American Political science Association, San Francisco, September, 2001.
  • Kooi, P., Raising capital through equity investments in MFIs: Lessons from ACLEDA, Cambodia. New York, 2001.
  • Krauss, N. And I. Walter, Can microfinance Reduce Portfolio Volatility? New York University, November 2006.
  • McNaughton, R.B. and B.G. Milford, Spatial patterns of Canadian Venture capital investments. Regional Studies, vol.23, no.1 February 1989, pp9-18.
  • Meehan, J., Tapping the Financial Markets for microfinance. Working Paper Series, Grameen Foundation USA, October 2004.
  • Nageswaran, A., Investing for Sustainable growth: The Aavishkaar experiment for sustainable financing. At the Congress with Innovation Fair, University of Geneva, September 2003.
  • Network, O., Optimizing capital supply in support of microfinance industry growth. Working paper, AED CONFERENCE CENTER, Washington, D.C., October 2006.
  • Obaidullah, M., Islamic Financial Services.Islamic Economic Research Center, King Abdulaziz University, Saudi Arabia, 2005.
  • Otero. M., A commercial future for microfinance. Microfinance MATTERS, UNCDF, October, 2005.
  • Pretes, M., Microequity and Microfinance. World Development, Vol.30, No.8, pp.1341-1353, 2002.
  • Rahman, A.R.A., Islamic microfinance: A missing Component in Islamic Banking. Kyoto Bulletin of Islamic Area Studies, 1-2 (2007), pp.38-53.
  • Segrado, C., Islamic microfinance and socially responsible investments. Case study, University of Toronto, August, 2005.
  • Siddiqui, M.N., Islamic Banking:True Modes of Financing. New Horizon, 2001, pp.15-20.
  • Tulchin. D, Positioning microfinance institutions fort he capital markets. Social Enterprise Associates working paper #5. 2004.
Toplam 36 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm MAKALELER
Yazarlar

Halil Bulut Bu kişi benim

Yayımlanma Tarihi 14 Mayıs 2015
Yayımlandığı Sayı Yıl 2008 Sayı: 1

Kaynak Göster

APA Bulut, H. (2015). TOWARDS A FINANCIAL MARKET-BASED MICROFINANCE. Uluslararası İktisadi Ve İdari İncelemeler Dergisi(1). https://doi.org/10.18092/ijeas.06069


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