0000000000926628

AUTHOR

Rients Galema

showing 4 related works from this author

Governance and microfinance institutions

2012

Microfinancelawbusiness.industryCorporate governanceAccountingbusinesslaw.invention
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Do Powerful CEOs Have an Impact on Microfinance Performance?

2009

In this study we show that Microfinance Institutions (MFIs) with more powerful CEOs have higher performance variability. A powerful CEO is defined as one that also chairs the board of directors. CEO power is reflected in higher performance variability if CEOs have more latitude of action, i.e. managerial discretion. Managerial discretion can be limited by having stakeholder electives on the board. We find that CEO power only has an effect on MFI performance variability when there are no stakeholder electives on the board. Furthermore, we argue that CEOs in non-profit MFIs have more discretion, because their dual mission implies their CEOs are harder to control. We find that CEO power increa…

MicrofinanceComputingMilieux_THECOMPUTINGPROFESSIONbusiness.industrymedia_common.quotation_subjectCorporate governanceControl (management)ComputingMilieux_PERSONALCOMPUTINGStakeholderComputingMilieux_LEGALASPECTSOFCOMPUTINGAccountingDiscretionGeneralLiterature_MISCELLANEOUSlaw.inventionDual (category theory)ComputingMilieux_MANAGEMENTOFCOMPUTINGANDINFORMATIONSYSTEMSlawManagerial discretionBusinessmedia_commonSSRN Electronic Journal
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Do Powerful CEOs Determine Microfinance Performance?

2012

Recently, microfinance has been coming under public and media attacks. The microcredit crisis following from microfinance-induced suicides in 2010 in the Indian state of Andhra Pradesh indicates that weak corporate governance and imprudent risk taking have far-reaching consequences. Yet, analyses of corporate governance mechanisms among microfinance institutions (MFIs) remain underdeveloped. As a response, this study examines the impact of CEO power on MFI risk taking by deriving explicit predictions of this effect from a characterization of the microfinance industry. Based on a sample of 280 microfinance institutions, our results suggest that powerful CEOs of microfinance non-governmental …

Microfinancelawbusiness.industryManagerial discretionManagement of Technology and InnovationStrategy and ManagementCorporate governanceAccountingBusinessBusiness and International ManagementRisk takingOrganizational performancelaw.inventionJournal of Management Studies
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Do Powerful CEOs Determine Microfinance Performance?

2012

Authors version of an article published in Journal of Management Studies. The definitive version is available from Wiley at: http://dx.doi.org/10.1111/j.1467-6486.2012.01046.x Recently, microfinance has been coming under public and media attacks. The microcredit crisis following from microfinance-induced suicides in 2010 in the Indian state of Andhra Pradesh indicates that weak corporate governance and imprudent risk taking have far-reaching consequences. Yet, analyses of corporate governance mechanisms among microfinance institutions (MFIs) remain underdeveloped. As a response, this study examines the impact of CEO power on MFI risk taking by deriving explicit predictions of this effect fr…

organizationsOWNERSHIPORGANIZATIONSVDP::Social science: 200::Economics: 210IMPACTrisk-takingMANAGERIAL DISCRETIONownershipWASSboardsCORPORATE PERFORMANCEOntwikkelingseconomieRISK-TAKINGmoderating roleDevelopment EconomicsgovernancemicrofinanceMODERATING ROLEimpactmanagerial discretionBOARDSCEO powercorporate performancerisk
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