916
Views
12
CrossRef citations to date
0
Altmetric
Symposium Articles

Effect of Corporate Governance on Performance of Microfinance Institutions: A Case from Pakistan

&

References

  • Armendariz de Aghion, B., and J. Morduch. 2005. The economics of microfinance. Cambridge, MA: MIT Press.
  • Ashbaugh, H., and T. D. Warfield. 2003. Audits as a corporate governance mechanism: Evidence from the German market. Journal of International Accounting Research 2:1–21. doi:10.2308/jiar.2003.2.1.1.
  • Bohren, O., and R. O. Strom. 2010. Governance and politics: Regulating independence and diversity in the board room. Journal of Business, Finance & Accounting 37:1281–308. doi:10.1111/j.1468-5957.2010.02222.x.
  • Buchanan, J. M., and G. Tullock. 1962. The calculus of consent: Logical foundations of constitutional democracy. Ann Arbor, MI: University of Michigan Press.
  • Carter, D. A., B. J. Simkins, and W. G. Simpson. 2003. Corporate governance, board diversity, and firm value. The Financial Review 38 (1):33–53. doi:10.1111/1540-6288.00034.
  • Christen, R. P., R. Rosenberg, and V. Jayadeva. 2004. Financial institutions with a ‘‘double bottom line”: Implications for the future of microfinance. Washington, DC: Consultative Group to Assist the Poor (CGAP).
  • Cotler, P. 2010. What drives lending interest rates in the microfinance sector? Microfinance Workshop, Groningen University, August 4, 2010, Groningen, the Netherlands.
  • Eisenberg, T., S. Sundgren, and M. T. Wells. 1998. Larger board size and decreasing firm value in small firms. Journal of Financial Economics 48:35–54. doi:10.1016/S0304-405X(98)00003-8.
  • Fama, E. F., and M. C. Jensen. 1983. Separation of ownership and control. The Journal of Law and Economics 26:301–25. doi:10.1086/jle.1983.26.issue-2.
  • Greene, W. H. 2003. Econometric analysis. 5th ed. Upper Saddle River, NJ: Prentice Hall.
  • Hartarska, V. 2005. Governance and performance of microfinance institutions in Central and Eastern Europe and the newly independent states. World Development 33:1627–43. doi:10.1016/j.worlddev.2005.06.001.
  • Hartarska, V., and D. Nadolnyak. 2007. Do regulated Microfinance institutions achieve better sustainability and outreach? Cross-country evidence. Applied Economics 39:1207–22. doi:10.1080/00036840500461840.
  • Hermalin, B. E., and M. S. Weisbach. 1991. The effects of board composition and direct incentives on firm performance. Financial Management 20:101–12. doi:10.2307/3665716.
  • Jansson, T., R. Rosales, and G. Westley. 2004. Principles and practices for regulating and supervising microfinance. Washington, DC: Inter-American Development Bank.
  • Keasey, K., T. Steve, and M. Wright. 1997. Corporate governance, economic and financial issues. New York, NY: Oxford University Press.
  • Lipton, M., and J. W. Lorsch. 1992. A modest proposal for improved corporate governance. Business Lawyer 48:59–77.
  • Mersland, R., and R. O. Strom. 2009. Performance and governance in microfinance institutions. Journal of Banking & Finance 33:662–69. doi:10.1016/j.jbankfin.2008.11.009.
  • Nieto, B. G., C. S. Cinca, and C. M. Molinero. 2009. Social efficiency in microfinance institutions. Journal of the Operational Research Society 60:104–19. doi:10.1057/palgrave.jors.2602527.
  • Oxelheim, L., and T. Randoy. 2002. The effect of internationalization on CEO-compensation. Working Paper Series, No 2002/4, Lund University, Institute of Economic Research, Sweden.
  • Scott, C. D., and R. Hopkins. 1999. The economics of non-governmental organizations. The Development Economics Discussion Paper Series: 15, The London School of Economics, London, UK.
  • Smith, N., V. Smith, and M. Verner. 2006. Do women in top management affect firm performance? A panel study of 2500 Danish firms. International Journal of Productivity and Performance Management 55:569–93. doi:10.1108/17410400610702160.
  • State Bank of Pakistan. 2011. Strategic Framework for Sustainable Microfinance in Pakistan, January, 2011. Microfinance Department. http://www.sbp.org.pk/MFD/Strategic-Framework-SM-24-Jan-2011.pdf (accessed September 15, 2015).
  • World Economic and Social Survey. 2002. United Nations. http://www.un.org/en/development/desa/policy/wess/wess_archive/2002wess_eng.pdf
  • Yermack, D. 1996. Higher market valuation of companies with a small board of directors. Journal of Financial Economics 40:185–211. doi:10.1016/0304-405X(95)00844-5.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.