This paper reports the results of an extensive study of the effectiveness of MD&As. Our primary research question can be stated as follows: To what extent do MD&As, as currently issued, meet the self‐perceived needs of individual investors? To answer this question, we examine the responses to...

Purpose – The purpose of this paper is to thoroughly examine sources of mission diffusion and mission drift in the microfinance industry and to identify consequences of and remedies to these problems. Design/methodology/approach – Extensive field experience relating to individual...

Purpose – The paper's aim is to thoroughly examine solutions to mission diffusion and mission drift in the microfinance industry. Design/methodology/approach – Extensive field experience relating to individual microfinance institutions and industry trends provide the grounding for a review...