Microfinance Risk Management

A special issue of Risks (ISSN 2227-9091).

Deadline for manuscript submissions: closed (31 December 2021) | Viewed by 8626

Special Issue Editors

Department of Economics and Business Management, Università Cattolica del Sacro Cuore, Milan, Italy
Interests: microfinance and poverty traps; healthcare project finance and m-health; valuation of digital intangibles (IoT, big data, software, and artificial intelligence; blockchains; databases; software; patents and know-how; trademarks, goodwill, etc.)
Department of Economics and Business, Universidad de Almería, La Cañada de San Urbano, s/n, 04120 Almería, Spain
Interests: behavioral finance; intertemporal choice; microfinance; mathematical finance
Special Issues, Collections and Topics in MDPI journals
Departamento de Economía de la Empresa, Facultad de Ciencias Jurídicas y Sociales, Universidad Rey Juan Carlos, Madrid, Spain
Interests: banking; microfinance; fintech; neuroeconomics
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

The microfinance ecosystem is rapidly changing, and the industry is facing new challenges, ranging from technological discontinuity to demographic pressures and climatic change. This affects risk patterns, even beyond the traditional sustainability-versus-outreach trade-off. Rising risks are increasingly managed by digitalization and innovative technologies, ranging from big data and validating blockchains to artificial intelligence.

Prof. Dr. Roberto Moro Visconti
Prof. Dr. Salvador Rambaud
Prof. Dr. Joaquín López Pascual
Guest Editors

Manuscript Submission Information

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Keywords

  • Microcredit/microloans/microinsurance
  • ESG/millennium development goals
  • Sustainability/profitability
  • Outreach
  • Digital networking platforms
  • Financial ecosystem/fintech
  • Banana skins/bottlenecks
  • Financial/interest rate risk
  • Credit/liquidity/funding risk
  • Fraud/compliance/regulation
  • Capital adequacy
  • Mission drift
  • Technology/big data/artificial intelligence/blockchains

Published Papers (2 papers)

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Research

20 pages, 1675 KiB  
Article
The Impact of Robotification on the Financial Situation of Microenterprises: Evidence from the Financial Services Sector in Poland
Risks 2022, 10(2), 38; https://doi.org/10.3390/risks10020038 - 11 Feb 2022
Viewed by 2144
Abstract
The automation of manufacturing processes as a result of the Fourth Industrial Revolution, rendered faster under the influence of the COVID-19 pandemic, leads to a question as to whether small enterprises, and in particular microenterprises, will still be financially self-sufficient. The literature on [...] Read more.
The automation of manufacturing processes as a result of the Fourth Industrial Revolution, rendered faster under the influence of the COVID-19 pandemic, leads to a question as to whether small enterprises, and in particular microenterprises, will still be financially self-sufficient. The literature on the subject so far has not provided an answer to this question, and limited access to financial data concerning microenterprises, as well as data on the robotification of labour in these companies, leads to this problem becoming a research niche. Therefore, this paper aims to assess the attractiveness of the operation of microenterprises that provide financial advisory services in the situation of replacing human labour with robots. For that purpose, we performed a simulation of the state of the microenterprise before and after introducing the robotification of services, taking into account the extra tax on robotification. The findings indicate that anticipating the improvement of financial results following the automation of financial services requires taking into account the replaceability of employees in a particular unit, the form of acquiring a robot and a potential increase in the tax burden (with a tax compensating for the lost state income). Full article
(This article belongs to the Special Issue Microfinance Risk Management)
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36 pages, 7071 KiB  
Article
Insolvency Risk and Value Maximization: A Convergence between Financial Management and Risk Management
Risks 2021, 9(6), 105; https://doi.org/10.3390/risks9060105 - 01 Jun 2021
Cited by 4 | Viewed by 5639
Abstract
This conceptual paper focuses on the relationship between insolvency, capital structure, and value creation. The aim is twofold: to define risk-based capital measures able to absorb the effects of financial distress and avoid corporate default; and to verify conditions and limits of use [...] Read more.
This conceptual paper focuses on the relationship between insolvency, capital structure, and value creation. The aim is twofold: to define risk-based capital measures able to absorb the effects of financial distress and avoid corporate default; and to verify conditions and limits of use of these measures in corporate financial policies. The capital measures based on insolvency risk will be defined by recalling the concepts of Cash Flow-at-Risk and Capital-at-Risk. A first check on the usefulness of these risk-based measures and their consistency with the principle of value maximization is carried out through a simulation model. The scenario analysis allows us to examine how financial and risk policies oriented by insolvency avoidance affect the firm value. According to evidence from the simulation model, these measures appear to be useful in lowering the default risk, but they require a continuous assessment of their impact on the firm value. Full article
(This article belongs to the Special Issue Microfinance Risk Management)
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