Boards in microfinance institutions: how do stakeholders matter?

Neema Mori and Roy Mersland

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Abstract: Microfinance organizations provide financial services to low income people. Governance of these organizations is important for them to efficiently reach poor people and survive financially. Board is one among several governance mechanisms. This paper empirically analyses the influence of stakeholders who sit on boards, on financial and outreach results of microfinance organizations. Based on resource dependence and stakeholder theories, we analyze four types of stakeholders; donors, customers, employees and creditors. Results show that stakeholders are important in microfinance and that more non-profit organizations have donors on boards than for-profit organizations while customers and employees are found to be more represented on for-profit organizations. Regression results show that stakeholders through their resource provision role contribute both positively and negatively to financial and outreach results. Implications and areas for future research are further discussed.

Keywords: G30; Microfinance organizations; stakeholders; boards JEL classification: G21; Microfinance organizations stakeholders boards JEL classification: G21 (search for similar items in EconPapers)
Date: 2014
Note: View the original document on HAL open archive server: https://hal.science/hal-05220871v1
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Citations: View citations in EconPapers (1)

Published in Journal of Management and Governance, 2014, 18 (1), pp.285-313. ⟨10.1007/s10997-011-9191-4⟩

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Journal Article: Boards in microfinance institutions: how do stakeholders matter? (2014)
Journal Article: Boards in microfinance institutions: how do stakeholders matter? (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05220871

DOI: 10.1007/s10997-011-9191-4

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