Attached you can find the winner paper of EMN Research Award 2023: "Performance of microfinance institutions in Europe—Does social capital matter?".

Authors:

• Gabriela Chmelíková : associate professor at the Department of Regional and Business Economy, Faculty of Regional Development and International Studies, Mendel University in Brno, Czech Republic
• Annette Krauss : Senior Researcher at the Department for Banking and Finance, University of Zurich, Switzerland.
• Ondřej Dvouletý :  research assistant at the Department of Entrepreneurship, University of Economics in Prague, Czech Republic.