If you made any changes in Pure these will be visible here soon.

Personal profile

Personal information

I am an Assistant Professor in finance at VU University Amsterdam. I have a multidisciplinary background in Economics, Law and Political Science. My work is focused on banking in emerging countries and the interaction between social and financial performance at the level of both institutions and investors.

My work on benchmarking the performance of Microfinance Institutions (MFIs) has been published on World Development. I have also researched the effect of credit registries and credit bureaus on loan disbursement and performance in markets with high information asymmetries.

I am currently interested in regulatory arbitrage in banking and in alternative forms of finance such as peer-to-peer lending and crowdfunding.

Research

The role of financial intermediaries is to transfer funds from savers to borrowers. Financial intermediaries are able to do so when transaction costs and asymmetric information are too high for direct finance. When borrowers are entrepreneurs and businesses with productive investment opportunities, an efficient system of financial intermediation is necessary to generate growth opportunities and guarantee the smooth operation of an economy. Nevertheless, financial institutions are susceptible to agency problems and inefficiencies that can either result in excessive or insufficient lending. The challenges to efficient and effective lending and the solutions to these challenges are my main research interests.

Ancillary activities

No ancillary activities

Ancillary activities are updated daily

Education/Academic qualification

PhD, Maastricht University

Keywords

  • HG Finance
  • Financial intermediaries
  • Microfinance
  • Social versus financial preferences
  • Peer-to-peer lending and crowdfunding
  • Information sharing

Fingerprint Fingerprint is based on mining the text of the person's scientific documents to create an index of weighted terms, which defines the key subjects of each individual researcher.

microfinance Earth & Environmental Sciences
efficiency Social Sciences
profit Social Sciences
loan Social Sciences
nonprofit organization Earth & Environmental Sciences
non-profit-organization Social Sciences
pricing Social Sciences
firm Social Sciences

Network Recent external collaboration on country level. Dive into details by clicking on the dots.

Research Output 2014 2015

Practice What You Preach: Microfinance Business Models and Operational Efficiency

Bos, J. W. B. & Millone, M., 2015, In : World Development. 70, June, p. 28-42

Research output: Contribution to JournalArticleAcademicpeer-review

microfinance
efficiency
profit
loan
nonprofit organization

Show Me Yours and I'll Show You Mine: Sharing Borrower Information in a Competitive Credit Market

Bos, J. W. B., de Haas, R. & Millone, M., 2015, Tilburg: CentER, (CentER Discussion Paper Series; no. 2015-027)

Research output: Working paperProfessional

The Social Function of Asset Classes in Microfinance: Enhancing Performance Through Donations, Private Equity and Debt

Hummels, H. & Millone, M., 2014, Microfinance Institutions: Financial and Social Performance. Mersland, R. & Strøm, R. Ø. (eds.). Hampshire, UK: Palgrave Macmillan

Research output: Chapter in Book / Report / Conference proceedingChapterAcademic