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dc.contributor.authorStrøm, Øystein
dc.contributor.authorMersland, Roy
dc.date.accessioned2011-02-22T11:35:55Z
dc.date.available2011-02-22T11:35:55Z
dc.date.issued2009-04
dc.identifier.citationStrøm, Ø. & Mersland, R. (2009). Performance and governance in microfinance institutions. Journal of Banking & Finance, 33, (4), 662-669en_US
dc.identifier.issn0378-4266
dc.identifier.urihttps://hdl.handle.net/10642/599
dc.description.abstractWe 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 effects panel data estimations, we study the effects of board and CEO characteristics, firm ownership type, customer-firm relationship, and competition and regulation on an MFI’s financial performance and outreach to poor clients. We find that financial performance improves with local rather than international directors, an internal board auditor, and a female CEO. The number of credit clients increase with CEO/chairman duality. Outreach is lower in the case of lending to individuals than in the case of group lending. We find no difference between non-profit organisations and shareholder firms in financial performance and outreach, and we find that bank regulation has no effect. The results underline the need for an industry specific approach to MFI governance.en_US
dc.language.isoengen_US
dc.publisherElsevieren_US
dc.relation.ispartofseriesJournal of Banking & Finance;33 (4)
dc.subjectMicrofinanceen_US
dc.subjectGovernanceen_US
dc.subjectPerformanceen_US
dc.subjectBoardsen_US
dc.subjectOwnershipen_US
dc.subjectVDP::Samfunnsvitenskap: 200::Økonomi: 210::Bedriftsøkonomi: 213en_US
dc.titlePerformance and governance in microfinance institutionsen_US
dc.typeJournal articleen_US
dc.typePeer revieweden_US
dc.description.versionPostprint version of published article. Original article available at URL: http://dx.doi.org/10.1016/j.jbankfin.2008.11.009en_US
dc.identifier.doihttp://dx.doi.org/10.1016/j.jbankfin.2008.11.009


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