Capital structure and CEO tenure in microfinance institutions

Daudi Pascal Ndaki, Leif Atle Beisland () and Roy Mersland
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Leif Atle Beisland: UIA - University of Agder

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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.

Keywords: G21 G32 M12; G21; G32; M12 (search for similar items in EconPapers)
Date: 2018-08-24
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Published in Strategic Change, 2018, 27 (4), pp.329-337. ⟨10.1002/jsc.2205⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05221017

DOI: 10.1002/jsc.2205

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