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Capital structure and CEO tenure in microfinance institutions

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  • Ndaki, Daudi Pascal
  • Beisland, Leif Atle
  • Mersland, Roy

Abstract

There is a positive association between CEO tenure and the debt proportion of microfinance institutions. Microfinance institutions need improved access to debt capital to cover a huge and increasing world demand for microfinance services. More experienced CEOs may be more aligned with the microfinance institution's mission, and they may have a better understanding of the business model of microfinance. Moreover, capital providers may require a proven track record within the institution to supply funding.

Suggested Citation

  • Ndaki, Daudi Pascal & Beisland, Leif Atle & Mersland, Roy, 2018. "Capital structure and CEO tenure in microfinance institutions," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 27(4), pages 329-337.
    • Handle: RePEc:zbw:espost:324021
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