Abstract: It is by now commonly understood that healthy banking systems require not only more insightful regulation and supervision but a new emphasis on market discipline. In this regard a rapidly growing body of research has focused on both measures internal to the firm the bank –...

Examines the impacts of organizational governance on the outreach capabilities and sustainability of microfinance institutions (MFIs) in Central and Eastern Europe and the Newly Independent States. Microfinance institutions are NGOs, banks, credit cooperatives, or nonbank financial institutions...