Performance and Capital Structure of Microfinance Institutions in Eastern Europe and Central Asia

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YEREVAN, Armenia –Knar Khachatryan, Assistant Professor at the American University of Armenia (AUA) College of Business and Economics (CBE) and Chair of the Bachelor of Arts in Business Program, presented a paper on October 29 that examined recent trends in microfinance, such as commercialization and deposit mobilization.

These trends raise questions about the link between sources of funds and the performance of microfinance institutions. Khachatryan’s presentation examined the joint impact of seven categories of capital on three dimensions of performance with seemingly unrelated regressions method.

The presentation was part of a series of research seminars that the CBE launched in Fall 2015. The series aims to create a more vibrant research environment and to promote scientific collaboration among AUA faculty. Full time and adjunct faculty from different disciplines, including economics, management, marketing, and accounting, can take part in the one-hour long bi-weekly seminars, making presentations that try to free  technical jargon and cover a variety of works, including research papers, case studies, and surveys.

 Founded in 1991, the American University of Armenia (AUA) is a private, independent university located in Yerevan, Armenia and affiliated with the University of California. AUA provides a global education in Armenia and the region, offering high-quality, graduate and undergraduate studies, encouraging civic engagement, and promoting public service and democratic values.

Caption: Knar Khachatryan, Assistant Professor at AUA CBE and Chair of the BAB Program during her presentation on October 29