摘要：This study aims to measure Technical Efficiency and to identify the determinants of technical efficiency of MFIs in South Asia. Technical Efficiency means efficiency of MFIs in utilizing input to generate output. Methodologically, Efficiency of MFIs are measured under Stochastic Frontier Analysis (SFA) of Production Function and the determinants are identified under SFA Production inefficiency model. Five years balanced panel data of MFIs were taken from Mix Market database. Maximum Likelihood Estimates of MFIs in the region of South Asia are obtained under SFA Production function. The researchers have taken two inputs variables, one output variables i.e., Personnel, Cost per Borrower, Gross Loan Portfolio and thirteen explanatory variables. The likelyhood Ratio is significant and positive in Region of South Asia based on the critical value of Kodde and Palm. The five years Annual Mean Technical Efficiency of MFIs in the region of South Asia are 31%, 34%, 37%, 40% & 43%. In the region of South Asia, only seven MFIs are identified as Highly Efficient (TE scores ≥ 70%) out of 150 MFIs.
关键词：Microfinance Institutions;Technical Efficiency;SFA;South Asia;Determinants;Production inefficiency model
