Governance and Performance of Microfinance Institutions in Central and Eastern Europe and the Newly Independent States

This paper presents the first evidence on the impact of board diversity and independence, and management compensation on outreach and sustainability of microfinance institutions in Central and Eastern Europe and the Newly Independent States. Results indicate that board diversity improves both outreach and sustainability while larger and less independent boards lower sustainability. Performance-based compensation is not effective in aligning the interest of managers and stakeholders, and underpaying managers reduces outreach.


Issue Date:
2005
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/24568
Total Pages:
15
Series Statement:
Contributed Paper




 Record created 2017-04-01, last modified 2017-08-24

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