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Co-Evolution Of Boards Of Directors In Microfinance Organizations: The Case Of Bancosol And Los Andes

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  • SILVIA DORADO

    (University of Massachusetts, Boston, 100 Morrissey Blvd., Boston, MA 02125, USA)

  • RICK MOLZ

    (Concordia University, 1455 de Maisonneuve Blvd. West, Montreal, Qc H3G 1M8, Canada)

Abstract

The mission and performance of an enterprise is the legal and strategic responsibility of the Board of Directors (BOD). For the BODs of microfinance institutions (MFIs) this task is even more challenging. This study investigates the connection between the composition and roles of BODs and organizational evolution. It builds on the experiences of BancoSol and Los Andes, two MFIs that pioneered microfinance in Bolivia. The findings support the notion that BODs evolve to fit the needs of organizations at different stages of industry and organizational evolution. While these results are not surprising, previous research has not shown the micro-dynamics involved in this co-evolution and thus their impact on board composition and roles.

Suggested Citation

  • Silvia Dorado & Rick Molz, 2005. "Co-Evolution Of Boards Of Directors In Microfinance Organizations: The Case Of Bancosol And Los Andes," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 10(02), pages 99-121.
    • Handle: RePEc:wsi:jdexxx:v:10:y:2005:i:02:n:s1084946705000094
    DOI: 10.1142/S1084946705000094
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    References listed on IDEAS

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    1. Gonzalez-Vega, Claudio & Schreiner, Mark & Meyer, Richard L. & Rodriguez-Meza, Jorge & Navajas, Sergio, 1996. "Bancosol: The Challenge Of Growth For Microfinance Organizations," Economics and Sociology Occasional Papers - ESO Series 28333, Ohio State University, Department of Agricultural, Environmental and Development Economics.
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    Cited by:

    1. Debdatta Pal & Subrata K. Mitra, 2018. "The efficiency of microfinance institutions with problem loans: A directional distance function approach," Computational and Mathematical Organization Theory, Springer, vol. 24(3), pages 285-307, September.

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