Governance and Performance of Microfinance Institutions in Central and Eastern Europe and the Newly Independent States

Valentina Hartarska

No 34722, 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma from Southern Agricultural Economics Association

Abstract: This paper studies how various governance mechanisms affect the performance of microfinance institutions in Central and Eastern Europe and the Newly Independent States. Results show that managerial compensation matters, that market forces are becoming important disciplining device, and that board size, diversification and independence affect both outreach and sustainability.

Keywords: Financial Economics (search for similar items in EconPapers)
Date: 2004

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Persistent link: http://EconPapers.repec.org/RePEc:ags:saeaft:34722

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