Perspectives from the Council of Microfinance Equity Funds

Rhyne, Elisabeth

doi:10.3362/0957-1329.2005.004

Cited by 5 publications

(5 citation statements)

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“…This is surprisingly, as it may appear that creditors would prefer the organizations to provide higher and more profitable loans. However, since most creditors in microfinance also have a social mission, they are likely to push for greater outreach to the poor (Rhyne 2005). We also show that customer representation is associated with high average loans.…”

Section: Stakeholders and Performancementioning

confidence: 60%

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Boards in microfinance institutions: how do stakeholders matter?

Mori

Mersland

2011

J Manag Gov

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Microfinance Institutions provide financial services to poor people. Governance of these organizations is important so that they can operate efficiently and sustainably. This study analyzes the influence of stakeholders (donors, employees, customers, and creditors), on board structure (board size and CEO duality), and on organizational performance. We use a global data set of 379 microfinance institutions from 73 countries, collected from rating organizations. Supported by stakeholder theory, agency theory and resource dependence theory, we find stakeholders to be important and have various influences on microfinance institutions. We find donors to be associated with small boards, non-duality and better performance. Employees are associated with large boards, while customers are associated with duality and good financial performance. Creditors opt for duality and better social performance. Implications and areas for future research are discussed.

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Section: Stakeholders and Performancementioning

confidence: 60%

“…This implies that funders are beneficial to MFIs, as advocated by policy papers (CGAP 2009;Rhyne 2005). The practical implication of this is that donors and creditors should take a more active role in their partnerships with MFIs.…”

Section: Discussionmentioning

confidence: 99%

Boards in microfinance institutions: how do stakeholders matter?

Mori

Mersland

2011

J Manag Gov

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“…Model 3 does not show significant results in regard to gender diversity (coefficient: 0.06, not significant). This is surprising, as we expected international partners to advocate gender-balanced boards, as suggested by the literature and investors from the global North (CMEP 2005; Rhyne 2005). Model 4, however, provides statistically and economically significant results in relation to diversity of nationalities (coefficient: 0.23, p < 0.001).…”

Section: Resultsmentioning

confidence: 96%

“…Typical international partners in the microfinance industry are large international NGOs, such as CGAP, FINCA international, Accion Market Finance, 12, 3 (2013): 323-365 international and so forth (Rhyne 2005). These partners play the role of initiating, funding and owning MFIs.…”

Section: International Influencementioning

confidence: 99%

Determinants of Board Structure in Microfinance Institutions: Evidence from East Africa

Mori

Randøy

Golesorkhi

2013

Journal of Emerging Market Finance

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This study investigates the association between the unique characteristics of microfinance institutions and board structure. The agency and resource dependence theories provided theoretical guidance for this study. Using a panel dataset of 63 microfinance institutions in East Africa, we found that the presence of regulations and international influence is associated with larger boards, while the presence of founders is associated with small boards and less board independence. There is a higher level of board gender diversity in microfinance institutions managed by founders. There is greater diversity of nationalities in microfinance institutions that are internationally influenced. The implications for practice and theory from this study are further discussed. JEL Classification: G21, G34

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“…Both types of perspectives in the performances parameters can only justify all the three categories of MFIs and to triumph over the challenge of mission drift as discussed earlier. These twin objectives are like the philosophy of Yin and Yang (Rhyne, 1998), which means they are opposites but interdependent. This opposition is relative and can only be spoken of in relationships.…”

Section: Literature Reviewmentioning

confidence: 99%

A New Perspective on Performance in Indian Microfinance Institutions

Barpanda

Mukhopadhyay

2015

International Journal of Sustainable Economies Management

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With the massive growth in microfinance sector, the importance of performance measurement in microfinance institutions (MFIs) has prominent during the last decade. With an objective of commitment to dual mission, the Indian MFIs witnessed a series of rise and fall and subjected to mission drift. Thus redefining the performance is the prime objective of this study. Data gathered from 252 MFIs irrespective of their legal status. Factors for performance were identified through literature and were validated empirically. This research considered both the financial and social dimensions of performance unlike the earlier studies. Financial performance is described by profit margin, return on assets and portfolio at risk whereas social performance consists four factors namely Information disclosure (INFDIS), Mission adequacy (MISADEQ) and Community participation (COMPART). This study can be a useful bench-marking tool for practitioners to monitor and improve the MFI performance. The study has unique value to microfinance literature, both from theoretical and managerial perspectives.

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Perspectives from the Council of Microfinance Equity Funds

Cited by 5 publications

References 0 publications

Boards in microfinance institutions: how do stakeholders matter?

Boards in microfinance institutions: how do stakeholders matter?

Determinants of Board Structure in Microfinance Institutions: Evidence from East Africa

A New Perspective on Performance in Indian Microfinance Institutions

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