The effect of asset and liability management on the financial performance of microfinance institutions: evidence from sub-Saharan African region

Future Business Journal

Table 2 Summary of statistics all variables.

Variables	Obs	Mean	Std. Dev	Min	Max
MFI’s performance
Return on assets	530	0.031	0.093	−0.432	0.708
Asset and liability management variables*
Cash & cash equivalent	530	0.182	0.111	0.008	0.606
Net loan portfolios	530	0.671	0.143	0.058	0.948
Net fixed assets	530	0.054	0.046	0	0.418
Other assets	530	0.074	0.095	0	0.858
Deposits	530	0.443	0.212	0	0.991
Borrowings	530	0.166	0.171	0	0.738
Other liabilities	530	0.073	0.093	0	0.796
Other short-term financial liabilities	530	0.037	0.091	0	0.774
MFI’s characteristics
Natural logarithm of total asset	530	17.01	1.743	10.773	22.14
Total Assets (in million $)	530	123	339	0.047	4140
Macro-economic factors
GNI per Capital (Annual %)	530	3.464	3.342	−7.312	12.70
Inflation, consumer prices (Annual %)	530	6.310	5.454	−2.815	30.69

*To make a comparison with the total asset, each item of the balance sheet has expressed as a percentage of total assets