Capital structure and CEO tenure in microfinance institutions

Daudi Pascal Ndaki, Leif Atle Beisland and Roy Mersland

EconStor Open Access Articles and Book Chapters, 2018, vol. 27, issue 4, 329-337

Abstract: There is a positive association between CEO tenure and the debt proportion of microfinance institutions. Microfinance institutions need improved access to debt capital to cover a huge and increasing world demand for microfinance services. More experienced CEOs may be more aligned with the microfinance institution's mission, and they may have a better understanding of the business model of microfinance. Moreover, capital providers may require a proven track record within the institution to supply funding.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:324021

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