Role of governance on performance of microfinance institutions in Bangladesh

Tanweer Hasan (), Shakil Quayes () and Baqui Khalily ()
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Tanweer Hasan: Roosevelt University
Shakil Quayes: University of Massachusetts Lowell
Baqui Khalily: Institute of Inclusive Finance

Eurasian Economic Review, 2019, vol. 9, issue 1, No 5, 106 pages

Abstract: Abstract Using a sample of sixty-eight microfinance institutions (MFIs) from Bangladesh, this study investigates the possible impact of various governance attributes on their financial performance. Our results show that powerful CEOs do have a positive impact on financial performance of MFIs, and that gender diversity in board can only have a positive impact when it is also augmented by gender diversity in management. However, the correlation between financial performance and board size was not statistically significant in our empirical analysis.

Keywords: Governance; Financial performance; Microfinance institution (search for similar items in EconPapers)
JEL-codes: G29 G39 O16 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s40822-018-0102-8

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