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We suggest an explanation for the existence of "mission drift", the tendency for Microfinance Institutions (MFIs) to …
Persistent link: https://www.econbiz.de/10012433762
vicious circle.Microfinance is a successful financial innovation to help the poor to sort out credit exclusion, which is one … unfair globalization.Microfinance, a grass-roots movement to provide credit to the neediest, can greatly help to dismantle at … the poorest for financial services is potentially unlimited – while supply is not.The key idea is that if microfinance is …
Persistent link: https://www.econbiz.de/10013107442
We suggest an explanation for the existence of “mission drift”, the tendency for Microfinance Institutions (MFIs) to …
Persistent link: https://www.econbiz.de/10013245624
If managers maximize the payoffs of their shareholders rather than firm profits, then it may be anticompetitive for a shareholder to own competing firms. This is because a manager?s objective function may place weight on profits of competitors who are held by the same shareholder. Recent...
Persistent link: https://www.econbiz.de/10014122254
Size and complexity are viewed as contributing to the too-big-to-fail status of financial institutions. Yet, there is no standard accepted metric for an organization's complexity, much less for a large firm engaged in global finance. We provide perspective on the issue of complexity by examining...
Persistent link: https://www.econbiz.de/10013055804
Persistent link: https://www.econbiz.de/10014546511
Persistent link: https://www.econbiz.de/10001434557
We analyze the effects of different types and concentration of ownership on performance using a population of firms in a model transition economy after mass privatization. Specifications based on first-differences and unusual instrumental variables show that contrary to conventional wisdom, the...
Persistent link: https://www.econbiz.de/10014257345
Das internationale Bankensystem stand in den vergangenen Jahren im Fokus des öffentlichen Interesses. Bei der Diskussion möglicher Optionen zur Verbesserung der Finanzsystemstabilität rückt zunehmend die Corporate Governance in Banken in den Fokus. Der vorliegende Forschungsbericht widmet...
Persistent link: https://www.econbiz.de/10011448727
Das internationale Bankensystem stand in den vergangenen Jahren im Fokus des öffentlichen Interesses. Bei der Diskussion möglicher Optionen zur Verbesserung der Finanzsystemstabilität rückt zunehmend die Corporate Governance in Banken in den Fokus. Der vorliegende Forschungsbericht widmet...
Persistent link: https://www.econbiz.de/10011742813