Dr Ammad Ahmed

Dr Ammad Ahmed


Senior Lecturer in Accounting
PhD
+44 (0)1483 683117
67 MS 02

Academic and research departments

Department of Finance and Accounting.

Supervision

Postgraduate research supervision

Teaching

Publications

Ernest Gyapong, Daniel Gyimah, Ammad Ahmed (2021)Religiosity, borrower gender and loan losses in microfinance institutions: a global evidence, In: Review of quantitative finance and accounting57(2)657pp. 657-692 Springer Nature

We examine the impact of religious beliefs on loan repayments in 770 microfinance institutions (MFIs) across 65 countries over the period 2006-2018. We find robust evidence of a negative relationship between religiosity and loan losses in MFIs. We also find that the relationship between religiosity and loan losses is stronger for MFIs in Protestant-dominated countries than in Catholic-dominated countries. Moreover, religiosity improves the operational self-sufficiency of MFIs through a reduction in loan losses. We find that religiosity does not improve the loan repayment behaviour of women borrowers, but it reduces the loan size per borrower. Overall, our evidence suggests that although religiosity reduces loan losses through religiosity-induced lender-risk aversion, it does not improve the loan repayment behaviour of borrowers. We also use several approaches to evaluate our results to the effects of endogeneity.

Additional publications