Microfinance institutions (MFIs) are typical examples of hybrid organizations, meaning organizations pursuing both a financial and social logic. This study examines the question of whether financial and social performance improves when an MFI’s chief executive officer (CEO) has a business...

This paper empirically relates subordinate board structures with improved financial and social performance in microfinance institutions (MFIs). The research question is analyzed using a panel data from 23 microfinance institutions in Ethiopia over a period of 2006— 2011. Random effects panel...

This study investigates the association between the unique characteristics of microfinance institutions and board structure. The agency and resource dependence theories provided the theoretical guidance for this study. Using a panel dataset of 63 microfinance institutions in East Africa, we...