6533b85cfe1ef96bd12bca91

RESEARCH PRODUCT

The Impact of Entrepreneur-CEOs in Microfinance Institutions: A Global Survey

Trond RandøyRoy MerslandR. ØYstein Strøm

subject

Economics and EconometricsEntrepreneurshipVDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212PerformanceDeveloping countrySocial entrepreneurshipAccountingMicrofinanceSocial entrepreneurshiplaw.invention:Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212 [VDP]lawArgumentEconomicsBusiness and International ManagementMarketingEmpirical evidenceMicrofinanceComputingMilieux_THECOMPUTINGPROFESSIONMotivated agentsbusiness.industryNonprofit organizationsFinancial sustainabilityFoundersCorporate social responsibilitybusiness

description

- Peer reviewed Microfinance is a global high-growth industry, in which entrepreneurship is prevalent and substantial. Based on the theoretical argument that microfinance entrepreneur-CEOs are “motivated agents” with a unique ability to hire and socialize mission-oriented staff, we hypothesize that these CEOs produce more sustainable microfinance institutions with better social performance and lower costs. This study utilizes data from 295 microfinance institutions in 73 developing countries, assessed between 1998 and 2010. Our empirical evidence suggests that entrepreneur-managed microfinance institutions feature higher social performance, greater financial sustainability, and lower costs.

yearjournalcountryeditionlanguage
2013-12-06
10.1111/etap.12085https://hdl.handle.net/10642/2669