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

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dc.creator Mori, Neema
dc.creator Randøy, Trond
dc.creator Golesorkhi, Sougand
dc.date 2016-05-13T08:32:50Z
dc.date 2016-05-13T08:32:50Z
dc.date 2013
dc.identifier Mori, N., Randøy, T. and Golesorkhi, S., 2013. Determinants of board structure in microfinance institutions: Evidence from East Africa. Journal of Emerging Market Finance, 12(3), pp.323-365.
dc.identifier http://hdl.handle.net/20.500.11810/2015
dc.identifier 10.1177/0972652713512916
dc.description 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.
dc.language en
dc.publisher SAGE Publications
dc.subject Board structure
dc.subject Microfinance institutions
dc.subject East Africa
dc.subject Corporate governance
dc.title Determinants of Board Structure in Microfinance Institutions: Evidence from East Africa
dc.type Journal Article, Peer Reviewed


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