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Capital structure and CEO tenure in microfinance institutions

Author

Listed:
  • Daudi Pascal Ndaki
  • Leif Atle Beisland

    (UIA - University of Agder)

  • Roy Mersland

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

  • Daudi Pascal Ndaki & Leif Atle Beisland & Roy Mersland, 2018. "Capital structure and CEO tenure in microfinance institutions," Post-Print hal-05221017, HAL.
    • Handle: RePEc:hal:journl:hal-05221017
    DOI: 10.1002/jsc.2205
    Note: View the original document on HAL open archive server: https://hal.science/hal-05221017v1
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    References listed on IDEAS

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    More about this item

    Keywords

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    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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