Influence of international ownership on the performance of local social enterprises: Evidence from the global microfinance industry
Kwame Ohene Djan,
Samuel Anokye Nyarko,
Roy Mersland (),
Leif Atle Beisland and
Linda Nakato
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Roy Mersland: UIA - University of Agder
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Abstract:
Abstract International ownership positively impacts the social performance of social enterprises at the expense of financial performance. International owners mostly use their resources and controlling rights to improve social performance at the expense of financial performance. Current ownership theories do not address how the multidimensional utility function might affect the governance and financing of a social enterprise. There is a need to develop theories for firms with conflicting objectives.
Keywords: F65; International Ownership Corporate Governance Social Enterprises Microfinance Performance JEL Classification Codes: G21 G23 G32 G34 F23 F65 L31; L31; International Ownership; F23; G34; G32; G23; Performance JEL Classification Codes: G21; Microfinance; Social Enterprises; Corporate Governance (search for similar items in EconPapers)
Date: 2023
Note: View the original document on HAL open archive server: https://hal.science/hal-05221043v1
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Published in Strategic Change, 2023, 32 (2-3), pp.53-71. ⟨10.1002/jsc.2536⟩
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05221043
DOI: 10.1002/jsc.2536
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