Department of Finance
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Browsing Department of Finance by Author "Hermes, Niels"
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Item Board Composition and Outreach Performance of Microfinance Institutions: Evidence from East Africa(Wiley, 2015) Mori, Neema; Golesorkhi, Sougand; Randøy, Trond; Hermes, NielsThe attributes of microfinance’s board members have an impact on attainment of their social objectives.Item Board Composition and Social Performance of Microfinance Institutions: Evidence from East Africa(Strategic Change, 2015) Mori, Neema; Gholersaki, Sougand; Randøy, Trond; Hermes, NielsBoard composition and poverty outreach of MFIs appear to be related. The proportion of independent, international, female, and/or founding board members appears to be associated with measures of outreach performance using data on MFIs in East Africa. Findings suggest that outreach performance is improved when MFI boards have a higher share of independent, international, and/or female members, which supports the hypothesis that board composition is important in helping MFIs to achieve their social objectives.