IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v100y2026ics154461232600543x.html

Board gender diversity and liquidity in microfinance institutions

Author

Listed:
  • Tchakoute Tchuigoua, Hubert
  • Gueyie, Jean Pierre

Abstract

This study examines how gender diversity on boards influences the cash holdings of microfinance institutions. Specifically, it investigates whether regulatory status or international affiliation moderates or amplifies the relationship between gender diversity on the board and cash holdings. Using an international sample of 3416 microfinance institution-year observations from 2010 to 2018, we find that institutions with greater gender diversity on their boards exhibit lower cash holdings. This is particularly true among regulated and non-affiliated microfinance institutions. The policy implication is that board gender diversity moderates the agency costs resulting from holding high levels of free cash flows.

Suggested Citation

  • Tchakoute Tchuigoua, Hubert & Gueyie, Jean Pierre, 2026. "Board gender diversity and liquidity in microfinance institutions," Finance Research Letters, Elsevier, vol. 100(C).
    • Handle: RePEc:eee:finlet:v:100:y:2026:i:c:s154461232600543x
    DOI: 10.1016/j.frl.2026.110014
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S154461232600543X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2026.110014?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:100:y:2026:i:c:s154461232600543x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.