Financial performance and corporate governance in microfinance: Evidence from Asia

Iqbal, Sana; Nawaz, Ahmad; Ehsan, Sadaf

doi:10.1016/j.asieco.2018.10.002

Cited by 98 publications

(85 citation statements)

References 51 publications

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“…In recent decades, many researchers have evaluated the financial sustainability of MFIs [2,19]. Various criteria and mathematical models for doing so have been proposed in prior studies.…”

Section: Literature Reviewsmentioning

confidence: 99%

“…Specifically, it refers to the capacity for human civilization and the biosphere to coexist [27]. For many working in the field, sustainability is considered an objective which can strike a balance between socioeconomic activities and environmental concerns [19]. In fact, the definition of sustainability includes the following interconnected domains or pillars: environmental protection, economic development, and social development, as shown in Figure 3.…”

Section: The Sustainability Definition Of Mfismentioning

confidence: 99%

“…In other words, the criterion c 1 has the most information for determining the financial sustainability of MFIs. This is why the prior literature used to adopt this criterion to measure the financial sustainability of MFIs [2,19]. c 3 (e 10 ) (profit orientation) has the second biggest weight value, 0.176.…”

Section: Analyses Of the Optimal Criteriamentioning

confidence: 99%

“…To evaluate the financial sustainability of MFIs, previous studies have adopted accounting ratios and corporate governance factors as criteria [16][17][18]. However, as well as the traditional financial system, MFIs are also a part of the social economy system [19,20], shown in Figure 1. More and more research has recognized that the performance of MFIs is not only influenced by internal factors, but also impacted by their external macro-environment, including the finance sector environment, macro-economic environment, and information technology environment [21][22][23].…”

Section: Introductionmentioning

confidence: 99%

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Evaluating the Sustainability of Microfinance Institutions Considering Macro-Environmental Factors: A Cross-Country Study

Liu

2019

Sustainability

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Microfinance institutions (MFIs) have attracted great attention, due to their significant role in poverty reduction. Given the features of MFIs, this paper proposes a novel hybrid model of soft set theory, and an improved order preference by similarity to ideal solution (HMSIT) to evaluate the sustainability of MFIs, considering accounting ratios, corporate governance factors, and macro-environmental factors, from a cross-country perspective. This setting enables the examination of the role of macro-environmental factors in the sustainability of MFIs. For this purpose, soft set theory is adopted to select optimal criteria. An improved order preference by similarity to ideal solution method, in which the weight of each criterion is determined by soft set theory, is proposed to rank the sustainability of MFIs. This algorithm enables HMSIT to make full use of various types of information. The case study uses cross-country samples. Results indicate that macro-environmental factors are significant in evaluating the sustainability of MFIs from a cross-country perspective. Particularly, they can play a key role in distinguishing MFIs with low sustainability. The results also indicate that HMSIT has strong robustness. Ranked results, produced from the proposed HMSIT are reliable enough to provide some managerial suggestions for MFIs and help stakeholders make decisions.

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“…In recent decades, many researchers have evaluated the financial sustainability of MFIs [2,19]. Various criteria and mathematical models for doing so have been proposed in prior studies.…”

Section: Literature Reviewsmentioning

confidence: 99%

Section: The Sustainability Definition Of Mfismentioning

confidence: 99%

Section: Analyses Of the Optimal Criteriamentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Evaluating the Sustainability of Microfinance Institutions Considering Macro-Environmental Factors: A Cross-Country Study

Liu

2019

Sustainability

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“…The effectiveness of corporate governance that occurs within the company has an impact on improving the quality of financial statements produced by company management (Iqbal et al, 2019). The resulting financial statements are prepared through a series of strict control and supervision processes so that these processes can minimize the irregularities that occur, and the financial statements can be following the real conditions that occur.…”

Section: Introductionmentioning

confidence: 99%

Effectiveness of Corporate Governance and Audit Quality: The Role of Ownership Concentration as Moderation

Widani

Bernawati

2020

Etikonomi

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The case of corporate financial statement fraud committed by company management is a phenomenon that often occurs and occurs repeatedly. This condition is exacerbated by the involvement of external auditors to support the fraud. This study aims to determine the effect of corporate governance and audit quality and find out the ownership concentration moderating corporate governance and audit quality. This study uses moderated regression analysis and research samples on manufacturing companies listed on the Indonesia Stock Exchange in 2017-2018. The results of the study stated that corporate governance did not affect audit quality, and the presence of ownership concentration strengthened the effect of the effectiveness of corporate governance on audit quality. The implication of this research is to minimize earnings management practices. The effectiveness of corporate governance expects to run well and regulate the composition of ownership into something fundamental to implement.JEL Classification: G32, G34How to Cite:Widani, N. A., & Bernawati, Y. (2020). Competitive Strategy Analysis to Increase Consumer Purchasing Decisions on Minimarket Business. Etikonomi: Jurnal Ekonomi, 19(1), 131 – 140. https://doi.org/10.15408/etk.v19i1.14893.

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Corporate Fraud in Developing Countries

Li¹,

McMurray²

2022

Corporate Fraud Across the Globe

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Financial performance and corporate governance in microfinance: Evidence from Asia

Cited by 98 publications

References 51 publications

Evaluating the Sustainability of Microfinance Institutions Considering Macro-Environmental Factors: A Cross-Country Study

Evaluating the Sustainability of Microfinance Institutions Considering Macro-Environmental Factors: A Cross-Country Study

Effectiveness of Corporate Governance and Audit Quality: The Role of Ownership Concentration as Moderation

Corporate Fraud in Developing Countries

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