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This study examines whether the agency cost component referred to as “residual loss” differs between nonprofit and shareholder-owned microfinance organizations and whether such costs are further influenced by CEO power. We use operating expenses, asset utilization, liquidity, and tangible asset intensity to proxy for residual loss. Using 374 microf...
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 bett...
This study examines the relationship between the origin of chief executive officers (CEOs) and performance in hybrid businesses using a sample of 353 microfinance institutions (MFIs) from 76 countries during 1996–2011. The statistical results suggest that MFIs whose CEOs have been recruited internally perform better compared to institutions with ex...
Microfinance institutions (MFIs) are typical examples of hybrid organisations, meaning organisations pursuing both a financial and social logic. This study examines the question of whether financial and social performance improves when an MFI’s chief executive officer (CEO) has a business education. We apply the random effects instrumental variable...
Global dataset with more than 250 variables from more than 500 microfinance institutions covering up to 15 years of observations. First dataset that will allow comprehensive studies of trade-offs, mission drift etc. in the microfinance industry. The dataset will also allow better measurements of social performance. With the dataset I also expect to move more into the social entreprises / hybrid organizations literature. Researchers with a strong track record in applied statistics interested in working with me on joint papers are welcome to send me an email