The Impact of Entrepreneur-CEOs in Microfinance Institutions: A Global Survey

Trond Randøy, R. Øystein Strøm and Roy Mersland

EconStor Open Access Articles and Book Chapters, 2015, vol. 39, issue 4, 927-953

Abstract: Microfinance is a global high–growth industry, in which entrepreneurship is prevalent and substantial. Based on the theoretical argument that microfinance entrepreneur–chief executive officers (CEOs) are “motivated agents” with a unique ability to hire and socialize mission–oriented staff, we hypothesize that these CEOs produce more sustainable microfinance institutions (MFIs) with better social performance and lower costs. This study utilizes data from 295 MFIs in 73 developing countries, assessed between 1998 and 2010. Our empirical evidence suggests that entrepreneur–managed MFIs feature higher social performance, greater financial sustainability, and lower costs.

Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/324013/3/T ... nce-Institutions.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:324013

Access Statistics for this article

More articles in EconStor Open Access Articles and Book Chapters from ZBW - Leibniz Information Centre for Economics Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().