Performance valuation of credit unions having social and self-sustaining aim
LTReikšminiai žodžiai: Informavimas; Kredito unija; Mikrofinansinės institucijos; Savarankiškas tikslas; Socialinis tikslas; Veiklos rezultatų vertinimas; Credit union; Lithuania; Micro finance institutions; Outreach; Performance valuation; Self-sustaining aim; Social aim.
ENCredit unions (CUs) as finance institutions are valued by financial ratios, although they have a social aim as well. Moreover, the cooperative nature of activities should be taken into account. The paper aims to discuss the methodology for performance valuation of CUs and carry out the valuation on Lithuanian CUs example. Cost effectiveness estimated by data envelopment analysis is compared to different performance and outreach measures. The main results suggest that more cost effective credit unions are the larger ones, but efficiency is not described by other outreach measures. [From the publication]
