Governance and Efficiency of Microfinance Institutions

Patrick Van Damme, Mahinda Wijesiri and Michele Meoli

South Asia Economic Journal, 2016, vol. 17, issue 2, 236-247

Abstract: Using a sample of Sri Lankan microfinance institutions (MFIs), we investigate the impact of several governance mechanisms on MFI efficiency, expressed in terms of the latter’s dual objectives of financial sustainability and outreach. Results reveal that smaller and gender-diverse boards have a positive impact on financial efficiency. Results also show that MFIs in which the chief executive officer (CEO) chairs the board and a woman holds the CEO position are less efficient in terms of poverty outreach.

Keywords: Microfinance institutions; governance; data envelopment analysis; efficiency (search for similar items in EconPapers)
JEL-codes: C14 D24 G21 G30 O16 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:soueco:v:17:y:2016:i:2:p:236-247

DOI: 10.1177/1391561416650102

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