Does Religious Affiliation Influence the Design of Corporate Governance? Evidence from the Global Microfinance Industry

Djan, Kwame Ohene; Mersland, Roy

doi:10.1002/jsc.2113

Cited by 8 publications

(7 citation statements)

References 44 publications

(79 reference statements)

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“…McGuire et al (2012) show that firms in high religiosity areas incur fewer financial reinstatements and less misrepresentation of financial statements. Djan and Mersland (2017) find that, compared with secular MFIs, Christian microfinance institutions have stricter governance mechanisms, as reflected by more board meetings, more international directors, and more recognized external auditors.…”

Section: Religion and Corporate Behaviormentioning

confidence: 88%

Does religion matter to informal finance? Evidence from trade credit in China

et al. 2019

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Informal finance plays an important role in transitional economies with weak legal institutions, like China. As a major informal finance instrument, trade credit relies on informal institutions and enforcement. We argue that religion enhances the ethical climate in which firms do business, and we predict that religiosity increases trade credit, in that religion enhances enforcement by increasing non-pecuniary cost and reducing risk-taking. The results based on Chinese non-state listed firms between 2003 and 2013 confirm our prediction that firms located in high religiosity regions are associated with more trade credit, especially in regions where formal institutions are weak or formal financing channels are limited. Furthermore, we show that religiosity reduces overdue trade credit. Finally, the results are driven by Buddhism, Taoism, and Christianity but not Islam.

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Section: Religion and Corporate Behaviormentioning

confidence: 88%

Does religion matter to informal finance? Evidence from trade credit in China

et al. 2019

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“…Furthermore, value is subject to situational influences. Djan and Mersland () reflect on the influence religious affiliation has upon corporate governance. Jackson () suggests environmental problems stem in part at least from the value, attitudes, and beliefs that prevail in society.…”

Section: Value Perspectivesmentioning

confidence: 99%

A new positioning framework for organizational value: Juxtaposing organizational value positions with customer centricity

Richardson

Thompson

2019

Strategic Change

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In recognizing the distinct positions that have occupied value research to‐date, distinct and overlapping positions have been identified which (when juxtaposed with customer versus company‐centric orientations) produce an original positioning framework. “Value” is worthy of study as it determines success for leaders, provides competitive advantage, and contributes to economic prosperity. Value may be a superordinate concept that has “upstaged” previous research areas such as service quality, service satisfaction, and relationship marketing. Little research exists on evaluating whether more than one organizational value position exists.

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“…However, inappropriate regulation can push microcredit organizations to increase outreach and inclusion but with a purely commercial logic (Khachatryan & Avetisyan, 2017). Religious affiliation has not been found to impact the performance of microfinance institutions (Djan & Mersland, 2017). Nevertheless, reverting to Gandhian beliefs and norms may make microfinance institutions more societally sustainable (Hannam & Ashta, 2017).…”

Section: Research Directionsmentioning

confidence: 99%

Microfinance and financial inclusion: Challenges and opportunities

Milana

Ashta

2020

Strategic Change

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Lifting the poor from poverty through financial and social inclusion is the ultimate target and raison d'etre of microfinance. As the most recent literature has recognized, microfinance institutions have economically worked well in operating microcredit, but the aim of raising the living standard of their indigent clients has not been generally met. The expected encouragement of entrepreneurship from microcredit is still not detected in the empirical data, let alone women's social integration in working activities. The articles collected in this thematic issue bring new empirical elements of discussion pointing to many aspects of the social divides and the inequalities that plague the emerging countries. This overview article recalls the main questions that are still open and the framework of topics discussed in this thematic issue.

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Does Religious Affiliation Influence the Design of Corporate Governance? Evidence from the Global Microfinance Industry

Abstract: Christian affiliation has a minimal impact on the design of corporate governance in microfinance organizations.

Cited by 8 publications

References 44 publications

Does religion matter to informal finance? Evidence from trade credit in China

Does religion matter to informal finance? Evidence from trade credit in China

A new positioning framework for organizational value: Juxtaposing organizational value positions with customer centricity

Microfinance and financial inclusion: Challenges and opportunities

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