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Role of governance on performance of microfinance institutions in Bangladesh

Author

Listed:
  • Tanweer Hasan

    (Roosevelt University)

  • Shakil Quayes

    (University of Massachusetts Lowell)

  • Baqui Khalily

    (Institute of Inclusive Finance)

Abstract

Using a sample of sixty-eight microfinance institutions (MFIs) from Bangladesh, this study investigates the possible impact of various governance attributes on their financial performance. Our results show that powerful CEOs do have a positive impact on financial performance of MFIs, and that gender diversity in board can only have a positive impact when it is also augmented by gender diversity in management. However, the correlation between financial performance and board size was not statistically significant in our empirical analysis.

Suggested Citation

  • Tanweer Hasan & Shakil Quayes & Baqui Khalily, 2019. "Role of governance on performance of microfinance institutions in Bangladesh," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 9(1), pages 91-106, March.
    • Handle: RePEc:spr:eurase:v:9:y:2019:i:1:d:10.1007_s40822-018-0102-8
    DOI: 10.1007/s40822-018-0102-8
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    References listed on IDEAS

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    Cited by:

    1. Md Aslam Mia & Lucia Dalla Pellegrina & Wai‐Yan Wong, 2022. "Female participation and financial performance of microfinance institutions: Evidence from transition economies," Development Policy Review, Overseas Development Institute, vol. 40(5), September.

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    More about this item

    Keywords

    Governance; Financial performance; Microfinance institution;
    All these keywords.

    JEL classification:

    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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