Ambarkhane, D., Singh, A. S., and Venkataramani, B. 2018. Measuring total factor productivity change of microfinance institutions in India using Malmquist productivity index. Indian Growth and Development Review 12 (1): 105-130.10.1108/IGDR-12-2017-0105
Azad, M. A., Masum, A. K., Munisamy, S. and Sharmin, D. F. 2015. Efficiency analysis of major microfinance institutions in Bangladesh: A Malmquist index approach. Quality & Quantity 50 (4): 1525-1537.10.1007/s11135-015-0219-8
Bassem, B. S. 2014. Total factor productivity change of MENA microfinance institutions: A Malmquist productivity index approach. Economic Modelling 39: 182-189.10.1016/j.econmod.2014.02.035
Bateman, M. and Sinkovic, D. 2017. Bosnia’s post conflict microfinance experiment: A new Balkan tragedy. In Seduced and Betrayed: Exposing the Contemporary Microfinance Phenomenon, 127-146. Albuquerque: University of New Mexico Press.
Bella, G. D. 2011. The Impact of the Global Financial Crisison Microfinance and Policy Implications. IMF Working Papers 11(175).10.5089/9781462313303.001
Caves, D. W., Christensen, L. R. and Diewert, W. E. 1982. The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity. Econometrica 50 (6): 1393 - 1414.10.2307/1913388
Chan, S. H. and Lin, J. J. 2015. Microfinance Products and Service Quality in Financial and Quasi-Financial Institutions in China. Strategic Change 24: 267–284.10.1002/jsc.2008
Chandran, V. G. and Pandiyan, V. 2008. Technical efficiency and technological change in Malaysian service industries. Applied Economics Letters 15 (8): 655-657.10.1080/13504850600721932
Cooper, W. W. 2006. Introduction to data envelopment analysis and its uses: with DEA-solver software and references. New York: Springer.10.1007/978-0-387-45283-8
Efendic, V. and Hadziahmetovic, N. 2017. The social and Financial Efficiency of Microfinance Institutions: The Case of Bosnia and Herzegovina. South East European Journal of Economics and Business 12 (2): 85-101.10.1515/jeb-2017-0018
Efendic, V. and Hadzic, F. 2017. Business Model and Operational Efficiency of Microfinance in Bosnia and Herzegovina: Lessons for Islamic Microfinance. In Critical Issues and Challenges in Islamic Economics and Finance Development, 191-211. London: Palgrave Macmillan.10.1007/978-3-319-45029-2_9
Emrouznejad, A. and Yang, G. 2017. A survey and analysis of the first 40 years of scholarly literature in DEA: 1978–2016. Socio-Economic Planning Sciences 61 (1): 1-5.10.1016/j.seps.2017.01.008
Färe, R., Grosskopf, S., Norris, M. and Zhang, Z. 1994. Productivity Growth, Technical Progress, and Efficiency Change in Industrialized Countries. The American Economic Review 84 (1): 66-83.
Flückiger, Y. and Vassiliev, A. 2007. Efficiency in Microfinance Institutions: An Application of Data Envelopment Analysis to MFIs in Peru. In: Balkenhol B. (eds) Microfinance and Public Policy, 89-110. London: Palgrave Macmillan.10.1057/9780230300026_6
Gebremichael, B. Z. and Rani, D. L. 2012. Total Factor Productivity Change of Ethiopian Microfinance Institutions (MFIs): a Malmquist Productivity Index Approach (MPI), European Journal of Business and Management 4 (3): 105-114.
Grifell–Tatje, E. and Lovell, C.A.K 1996. Deregulation and Productivity Decline: The Case of Spanish Savings Banks. European Economic Review 40: 1281-1303.10.1016/0014-2921(95)00024-0
Gutiérrez-Nieto, B., Serrano-Cinca, C. and Molinero, C. M. 2007. Microfinance institutions and efficiency. Omega 35 (2): 131-142.10.1016/j.omega.2005.04.001
Hassan, K. M. and Sanchez, B. 2009. Efficiency Analysis of Microfinance Institutions in Developing Countries. SSRN Electronic Journal.10.2139/ssrn.1492238
Hermes, N., Lensink, R. and Meesters, A. 2011. Outreach and Efficiency of Microfinance Institutions. World Development 39 (6): 938–948.10.1016/j.worlddev.2009.10.018
Isik, I. and Hassan, M. K. 2003. Financial deregulation and total factor productivity change: An empirical study of Turkish commercial banks. Journal of Banking & Finance 27 (8): 1455-1485.10.1016/S0378-4266(02)00288-1
Kablan, S. 2012. Microfinance efficiency in the West African Economic and Monetary Union: have reforms promoted sustainability or outreach? Munich RePEcArhive.
Kar, A. K. and Rahman, S. 2018. Changes in total factor productivity and efficiency of microfinance institutions in the developing world: A non-parametric approach. Economic Analysis and Policy 60: 103-118.10.1016/j.eap.2018.09.012
Le, V., Vu, X-B (Benjamin) and Nghiem, S. 2018. Technical efficiency of small and medium manufacturing firms in Vietnam: A stochastic meta-frontier analysis. Economic Analysis and Policy 59: 84–91.10.1016/j.eap.2018.03.001
Mia, M. A. and Chandran, V. G. 2015. Measuring Financial and Social Outreach Productivity of Microfinance Institutions in Bangladesh. Social Indicators Research 127(2): 505-527.10.1007/s11205-015-0979-5
Mia, M. A. and Soltane, B. I. 2016. Productivity and its determinants in microfinance institutions (MFIs): Evidence from South Asian countries. Economic Analysis and Policy 51: 32-45.10.1016/j.eap.2016.05.003
Mia, M. A., Zhang, M., Rasiah, R. and Alam, A. F. 2018. Evaluating Productivity of Chinese Microfinance Institutions: A Malmquist Approach. The Chinese Economy 51(5): 432-445.10.1080/10971475.2018.1479603
Milford, B., Sinkovic, D. and Skare, M. 2012. The contribution of the microfinance model to Bosnia’s post-war reconstruction and development: how to destroy and economy and society without really trying. Austrian Foundation for Development Research (Ofse) 36: 4-31.
Sedzro, K. and Keita, M. 2009. Assessing the Efficiency of Microfinance Institutions Using Data Envelopment Analysis. Journal of International Finance & Economics 9 (2): 54-67.
Serrano-Cinca, C., Gutiérrez-Nieto, B. and Molinero, C. M. 2009. Social Efficiency in Microfinance Institutions. Journal of The Operational Research Society 60 (19): 104-119.10.1057/palgrave.jors.2602527
Simar, L. and Wilson, P. W. 1999. Estimating and bootstrapping Malmquist indices. European Journal of Operational Research 115 (3): 459-471.10.1016/S0377-2217(97)00450-5
Tahir, I. M. and Tahrim, S. N. C. 2013. Efficiency Analysis of Microfinance Institutions in ASEAN: A Proposed Efficiency Framework. Interdisciplinary Journal of Research in Business 3 (4): 13-23.
Tahir, I. and Tahrim, S. 2015. Efficiency and Productivity Analysis of Microfinance Institutions in Cambodia: A DEA Approach. International Review of Business Research Papers 11 (1): 25-42.10.21102/irbrp.2015.03.111.03
Walter, I. and Krauss, N. A. 2008. Can Microfinance Reduce Portfolio Volatility? Economic Development and Cultural Change 58 (1): 85-110.10.1086/605206
Wang, Y. and Lan, Y. 2011. Measuring Malmquist productivity index: A new approach based on double frontiers data envelopment analysis. Mathematical and Computer Modelling 54 (11-12): 2760-2771.10.1016/j.mcm.2011.06.064
Widiarto, I. and Emrouznejad, A. 2015. Social and financial efficiency of Islamic microfinance institutions: A Data Envelopment Analysis application. Socio-Economic Planning Sciences 50: 1-17.10.1016/j.seps.2014.12.001
Wijesiri, M., Viganò, L. and Meoli, M. 2015. Efficiency of microfinance institutions in Sri Lanka: a two-stage double bootstrap DEA approach. Economic Modelling 47: 74-83.10.1016/j.econmod.2015.02.016
Wijesiri, M. and Meoli, M. 2015. Productivity change of microfinance institutions in Kenya: A bootstrap Malmquist approach. Journal of Retailing and Consumer Services 25: 115-121.10.1016/j.jretconser.2015.04.004