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Corporate Governance Challenges in Microfinance

Author

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  • Marc Labie
  • Roy Mersland

    (UIA - University of Agder)

Abstract

The following sections are included:IntroductionWhy Governance Matters for the Microfinance IndustryReviewing the Literature on Microfinance GovernanceBeyond Agency Theory and Board ManagementA New Framework for Microfinance GovernanceA New Research AgendaReferences
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Marc Labie & Roy Mersland, 2011. "Corporate Governance Challenges in Microfinance," Post-Print hal-05222079, HAL.
    • Handle: RePEc:hal:journl:hal-05222079
    DOI: 10.1142/9789814295666_0013
    Note: View the original document on HAL open archive server: https://hal.science/hal-05222079v1
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    References listed on IDEAS

    as
    1. Mersland, Roy, 2009. "The Cost of Ownership in Microfinance Organizations," World Development, Elsevier, vol. 37(2), pages 469-478, February.
    2. Hartarska, Valentina, 2005. "Governance and performance of microfinance institutions in Central and Eastern Europe and the Newly Independent States," World Development, Elsevier, vol. 33(10), pages 1627-1643, October.
    3. Marc Labie & Anaïs A Périlleux, 2008. "Corporate governance in microfinance: credit unions," Working Papers CEB 08-003.RS, ULB -- Universite Libre de Bruxelles.
    4. repec:ner:ucllon:http://discovery.ucl.ac.uk/17678/ is not listed on IDEAS
    5. Demsetz, Harold & Lehn, Kenneth, 1985. "The Structure of Corporate Ownership: Causes and Consequences," Journal of Political Economy, University of Chicago Press, vol. 93(6), pages 1155-1177, December.
    6. Altunbas, Yener & Evans, Lynne & Molyneux, Philip, 2001. "Bank Ownership and Efficiency," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(4), pages 926-954, November.
    7. Diane K Denis, 2001. "Twenty‐five years of corporate governance research … and counting," Review of Financial Economics, John Wiley & Sons, vol. 10(3), pages 191-212.
    8. Hollis, Aidan & Sweetman, Arthur, 2001. "The life-cycle of a microfinance institution: the Irish loan funds," Journal of Economic Behavior & Organization, Elsevier, vol. 46(3), pages 291-311, November.
    9. Hollis, Aidan & Sweetman, Arthur, 1998. "Microcredit: What can we learn from the past?," World Development, Elsevier, vol. 26(10), pages 1875-1891, October.
    10. Aghion, Philippe & Tirole, Jean, 1997. "Formal and Real Authority in Organizations," Journal of Political Economy, University of Chicago Press, vol. 105(1), pages 1-29, February.
    11. Gérard Charreaux & Philippe Desbrières, 1997. "Le point sur le gouvernement des entreprises," Working Papers CREGO 0970701, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    12. Hartarska, Valentina M., 2005. "Governance and Performance of Microfinance Institutions in Central and Eastern Europe and the Newly Independent States," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24568, European Association of Agricultural Economists.
    13. Bouman, F. J. A., 1995. "Rotating and accumulating savings and credit associations: A development perspective," World Development, Elsevier, vol. 23(3), pages 371-384, March.
    14. Mersland, Roy & Strøm, Reidar Øystein, 2009. "Performance and governance in microfinance institutions," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 33(4), pages 662-669.
    15. repec:idb:brikps:78868 is not listed on IDEAS
    16. Cécile Lapenu, 2002. "La gouvernance en microfinance : grille d'analyse et perspectives de recherche," Revue Tiers Monde, Programme National Persée, vol. 43(172), pages 847-865.
    17. Renee B. Adams & Hamid Mehran, 2003. "Is corporate governance different for bank holding companies?," Economic Policy Review, Federal Reserve Bank of New York, vol. 9(Apr), pages 123-142.
    18. Denis, Diane K., 2001. "Twenty-five years of corporate governance research ... and counting," Review of Financial Economics, Elsevier, vol. 10(3), pages 191-212.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Ahmad Nawaz & Sana Iqbal & Sadaf Ehsan, 2018. "Does Social Performance Drive Corporate Governance Mechanism In Case of Asian MFIs? An Issue of Endogeneity," Global Business Review, International Management Institute, vol. 19(4), pages 988-1012, August.
    2. Beisland, Leif Atle & Mersland, Roy & Randøy, Trond, 2014. "The Association between microfinance rating scores and corporate governance: a global survey," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 35, pages 268-280.
    3. Neema Mori & Trond Randøy & Sougand Golesorkhi, 2013. "Determinants of Board Structure in Microfinance Institutions: Evidence from East Africa," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 12(3), pages 323-365, December.
    4. Iqbal, Sana & Nawaz, Ahmad & Ehsan, Sadaf, 2019. "Financial performance and corporate governance in microfinance: Evidence from Asia," Journal of Asian Economics, Elsevier, vol. 60(C), pages 1-13.
    5. Fall, François & Akim, Al-mouksit & Wassongma, Harouna, 2018. "DEA and SFA research on the efficiency of microfinance institutions: A meta-analysis," World Development, Elsevier, vol. 107(C), pages 176-188.
    6. Uddin, Md Hamid & Akter, Shabiha & Mollah, Sabur & Al Mahi, Masnun, 2022. "Differences in bank and microfinance business models: An analysis of the loan monitoring systems and funding sources," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 80(C).
    7. Servin, Roselia & Lensink, Robert & van den Berg, Marrit, 2012. "Ownership and technical efficiency of microfinance institutions: Empirical evidence from Latin America," Journal of Banking & Finance, Elsevier, vol. 36(7), pages 2136-2144.
    8. Mighri Zouhayer & Bel Hadj Tarek & Jarboui Anis, 2018. "Mediating Effects of Management of Information on the Relationship Between Mechanisms of Governance and Lack of Reimbursement of Tunisian’s Associations of Microfinance," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(1), pages 40-61, March.
    9. Md Aslam Mia & Lucia Dalla Pellegrina & Cheng Zhang & Sunil Sangwan, 2022. "Efficiency Wage and Productivity in the Indian Microfinance Industry: A Panel Evidence," IIM Kozhikode Society & Management Review, , vol. 11(2), pages 235-252, July.
    10. Rients Galema & Robert Lensink & Roy Mersland, 2012. "Governance and Microfinance Institutions," Chapters, in: James R. Barth & Chen Lin & Clas Wihlborg (ed.), Research Handbook on International Banking and Governance, chapter 29, Edward Elgar Publishing.
    11. Md. Ali Rasel & Sandar Win, 2020. "Microfinance governance: a systematic review and future research directions," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 47(7), pages 1811-1847, April.
    12. Hudon, Marek & Périlleux, Anaïs, 2014. "Surplus distribution and characteristics of social enterprises: Evidence from microfinance," The Quarterly Review of Economics and Finance, Elsevier, vol. 54(2), pages 147-157.
    13. Muluneh HIDETO DATO & Marek HUDON & Roy MERSLAND, 2020. "Board Governance: Does Ownership Matter?," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 91(1), pages 5-28, March.
    14. Gregor Dorfleitner & Davide Forcella & Quynh Anh Nguyen, 2021. "Why microfinance institutions go digital: An empirical analysis," Working Papers CEB 21-003, ULB -- Universite Libre de Bruxelles.
    15. Koen Rossel-Cambier, 2011. "Is Combined Microfinance an Instrument to enhance Sustainable Pro-Poor Public Policy Outcomes?," Working Papers CEB 11-013, ULB -- Universite Libre de Bruxelles.

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