• Audit Quality and Corporate Governance: Evidence from the Microfinance Industry 

      Beisland, Leif Atle; Mersland, Roy; Strøm, R. Øystein (International Journal of Auditing;Volume 19, Issue 3, Peer reviewed; Journal article, 2015-05-19)
      This study uses a unique, hand-collected sample of microfinance institutions from 73 countries that typically are not investigated in accounting research to analyze the relationships between audit quality and governance ...
    • The Impact of Entrepreneur-CEOs in Microfinance Institutions: A Global Survey 

      Randøy, Trond; Strøm, Øystein R.; Mersland, Roy (Entrepreneurship Theory and Practice;39(4), Journal article; Peer reviewed, 2013-12-06)
      Microfinance is a global high-growth industry, in which entrepreneurship is prevalent and substantial. Based on the theoretical argument that microfinance entrepreneur-CEOs are “motivated agents” with a unique ability to ...
    • The impact of international influence on microbanks’ performance: A global survey 

      Mersland, Roy; Randøy, Trond; Strøm, Øystein (International Business Review; 20 (2), Journal article; Peer reviewed, 2011-04-02)
      Microbanks serve micro-enterprises and poor people with financial services. This study examines how various aspects of international influence affect microbanks’ financial and social performance. Grounded in agency theory ...
    • Measuring microfinance performance 

      Mersland, Roy; Strøm, R. Øystein (Chapter; Peer reviewed, 2014)
      MFIs are measured according to two dimensions. One is their outreach to poor people, that is, their ability to provide poor families access to financial services. This is the MFIs’ social mission. The other dimension is ...
    • Microfinance mission drift? 

      Strøm, Øystein; Mersland, Roy (World Development;38 (1), Journal article; Peer reviewed, 2010-01)
      Claims have been made that microfinance institutions (MFIs) experience mission drift as they increasingly cater to customers who are better off than their original customers. We investigate mission drift using average loan ...
    • Mikrofinans : fra helt til kjeltring 

      Mersland, Roy; Strøm, Øystein (Magma;14 (5), Journal article; Peer reviewed, 2011-08)
      Motivert av den senere tids kritikk av mikrofinans, blant annet slik den fremkom i en dokumentar kalt «Fanget i mikrogjeld» som ble sendt på NRK i november 2010, undersøker vi i denne artikkelen hvorvidt mikrofinanstilbyderne ...
    • The Past and Future of Innovations in Microfinance 

      Mersland, Roy; Strøm, R. Øystein (Chapter, 2012-09)
      The microfinance industry carries every sign of an innovation in its take-off phase. The characteristic aspects of the microfinance innovation were developed in the 1970-1980’s, thirty years later the industry experiences ...
    • Performance and governance in microfinance institutions 

      Strøm, Øystein; Mersland, Roy (Journal of Banking & Finance;33 (4), Journal article; Peer reviewed, 2009-04)
      We examine the relationship between firm performance and corporate governance in microfinance institutions (MFI) using a self-constructed global dataset on MFIs collected from third-party rating agencies. Using random ...
    • Use of Big Four auditors and fund raising: evidence from developing and emerging markets 

      Beisland, Leif Atle; Mersland, Roy; Strøm, R. Øystein (International Journal of Emerging Markets;Volume 13, Issue 2, Peer reviewed; Journal article, 2018-04-16)
      Purpose: The traditional view in audit research has been that high-quality auditors are associated with improved access to funding. This study is motivated by recent research suggesting that the funding benefits of using ...