0000000000676324

AUTHOR

Daudi Pascal Ndaki

showing 3 related works from this author

Capital structure and CEO tenure in microfinance institutions

2018

MicrofinanceCapital structurelaw0502 economics and business05 social sciencesFinancial systemBusiness050207 economicsGeneral Business Management and Accounting050203 business & managementFinancelaw.inventionStrategic Change
researchProduct

Influence of Ownership Type and CEO Power on Residual Loss: Evidence From the Global Microfinance Industry

2019

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 microfinance organizations located in 76 countries, we find evidence that the residual loss is higher in microfinance organizations incorporated as nonprofits, but only if the CEO is powerful. Our empirical evidence illustrates the importance of installing proper governance mechanisms to minimize costs caused by high managerial power in the nonprofit s…

Microfinance05 social sciencesAgency costResidual0506 political sciencelaw.inventionPower (social and political)lawComponent (UML)0502 economics and business050602 political science & public administrationBusiness050203 business & managementSocial Sciences (miscellaneous)Industrial organizationNonprofit and Voluntary Sector Quarterly
researchProduct

From the inside of a PhD Program in International Management

2013

researchProduct