<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422022000100234</article-id>
<article-id pub-id-type="doi">10.22201/fca.24488410e.2022.2928</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[A data envelopment analysis of the global microfinance industry]]></article-title>
<article-title xml:lang="es"><![CDATA[Análisis envolvente de datos de la industria microfinanciera global]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ulin Lastra]]></surname>
<given-names><![CDATA[Melissa G.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Santillán Salgado]]></surname>
<given-names><![CDATA[Roberto J.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Fuentes Castro]]></surname>
<given-names><![CDATA[Hugo Javier]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Instituto Tecnológico y de Estudios Superiores de Monterrey  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Autónoma de Nuevo León  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2022</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2022</year>
</pub-date>
<volume>67</volume>
<numero>1</numero>
<fpage>234</fpage>
<lpage>256</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422022000100234&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422022000100234&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422022000100234&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This work compares the technical efficiency of a global sample of private and publicly listed Microfinance Institutions (MFIs), and publicly listed commercial banks of a similar scale and geographical location. Two important research questions are addressed. The first one is: are public MFIs more efficient than nonpublic MFIs?; and, the second one is: how efficient are MFIs relative to &#8220;comparable&#8221; commercial banks? Our results indicate that publicly listed MFIs are more efficient than private MFIs when the latter operate at a suboptimal scale. That is, listed MFIs are able to grant the same amounts of loans, invest as much, and have the same range of profits but, at the same time, are more technologically efficient in reducing expenses and use less assets. Moreover, the results indicate that listed commercial banks are the least efficient of all types of financial services providers included in the studied sample.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este trabajo compara la eficiencia operativa de una muestra global de instituciones microfinancieras (IMF) privadas y que cotizan en mercados bursátiles, y la de bancos comerciales públicos. Se abordan dos preguntas de investigación: ¿son las IMF públicas más eficientes operativamente que las IMF no públicas?; y ¿qué tan eficientes son las IMF con respecto a bancos comerciales "comparables"? Nuestros resultados indican que las IMF que cotizan en Bolsa son más eficientes que las IMF privadas, cuando éstas operan con una escala subóptima. Es decir, las IMF públicas son capaces de conceder la misma cantidad de préstamos, invertir lo mismo, y obtener el mismo rango de beneficios, pero, al mismo tiempo, son tecnológicamente más eficientes en la reducción de los gastos, y utilizando menos activos. Además, los resultados indican que los bancos comerciales son los menos eficientes de todos los tipos de proveedores de servicios financieros incluidos en el análisis.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Microfinance institutions]]></kwd>
<kwd lng="en"><![CDATA[commercial banks]]></kwd>
<kwd lng="en"><![CDATA[technical efficiency]]></kwd>
<kwd lng="en"><![CDATA[data envelopment analysis]]></kwd>
<kwd lng="en"><![CDATA[emerging countries]]></kwd>
<kwd lng="es"><![CDATA[Microfinancieras]]></kwd>
<kwd lng="es"><![CDATA[bancos comerciales]]></kwd>
<kwd lng="es"><![CDATA[eficiencia técnica]]></kwd>
<kwd lng="es"><![CDATA[análisis envolvente de datos]]></kwd>
<kwd lng="es"><![CDATA[países emergentes]]></kwd>
</kwd-group>
</article-meta>
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