Microfinance institutions (MFIs) generally aim at improving the access of the poor to financial services while at the same time being financially sustainable. But what do we know about how MFIs reach and combine these two goals? We carry out a systematic review of close to 170 papers discussing...

The main message of the Assessing Aid report of the World Bank (1998) is that aid is effective in stimulating economic growth, but only when the government policies of the recipient country are good. Donor countries have picked up this message and have used it to become more selective when...

This study examines whether being listed on an Anglo-American stock exchange and/or having Anglo-American executive board members influences executive compensation, using company-level data from Germany, France and the Netherlands. Our sample consists of 581 executive directors, representing 142...

We investigate whether differences of corporate governance practices across companies explain variations in performance. Using data from 124 firms listed on the Athens stock exchange for the year 2007 we construct an index measuring company-specific corporate governance. Based on simple OLS and...

This paper analyzes the determinants of trade credit demand and supply in the Tanzanian rice market, using data from individual trade transactions between rice wholesalers and rice retailers. We use a structural modelling approach to disentangle the supply and demand effects that may drive the...