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Corporate Governance in Microfinance : Credit Unions

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Author Info
Marc Labie () (Center for European Research in Microfinance, Centre Emile Bernheim, Solvay Business School, Université Libre de Bruxelles, Brussels.)
Anaïs Périleux () (Center for European Research in Microfinance, Centre Emile Bernheim, Solvay Business School, Université Libre de Bruxelles, Brussels.)

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Abstract

As part of the tremendous development experienced by microfinance over the last few years, one type of institution has not generated all the attention that it could : credit unions. This can be explained by the frequent corporate governance weaknesses of this type of institution, which have been identified as a major limit and constraint to their development. This paper tries to deal with this issue by tackling the reasons why corporate governance of credit unions is so difficult to deal with, and by presenting various mechanisms and research areas which could play a role in solving this problem.

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File URL: http://www.solvay.edu/EN/Research/Bernheim/documents/wp08003.pdf
File Format: application/pdf
File Function: First version, 2008
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Publisher Info
Paper provided by Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB) in its series Working Papers CEB with number 08-003.RS.

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Length: 16 pages
Date of creation: Feb 2008
Date of revision:
Handle: RePEc:sol:wpaper:08-003

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Related research
Keywords: microfinance; savings and credit cooperatives; credit unions; corporate governance; growth; development.;

Other versions of this item:

Find related papers by JEL classification:
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages
G3 - Financial Economics - - Corporate Finance and Governance
L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise
O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment
O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Martin Desrochers & Klaus P. Fischer, 2005. "The Power of Networks: Integration and Financial Cooperative Performance," Annals of Public and Cooperative Economics, Blackwell Publishing, vol. 76(3), pages 307-354, 09. [Downloadable!] (restricted)
    Other versions:
  2. Marek Hudon, 2008. "Norms and Values of the Various Microfinance Institutions," Working Papers CEB 08-006.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB). [Downloadable!]
    Other versions:
  3. Agrawal Rajesh & Raju K V & Reddy K Prathap & Shrinivasan R & Sriram M S, 2002. "Member-funds and Cooperative Performance?," IIMA Working Papers 2002-10-01, Indian Institute of Management Ahmedabad, Research and Publication Department. [Downloadable!]
  4. Beatriz Armendariz & Jonathan Morduch, 2007. "The Economics of Microfinance," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262512017.
  5. Desrochers, Martin & Fischer, Klaus P., 2002. "Corporate Governance and Depository Institutions Failure: the Case of an Emerging Market Economy," Cahiers de recherche 0201, CIRPEE. [Downloadable!]
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