---
_id: '4398'
abstract:
- lang: eng
text: Employing a Hausman–Taylor instrument variable (HT–IV) estimator to data from
558 microfinance institutions (MFIs) in 80 developing countries for the period
from 2002 to 2007, this paper provides empirical evidence for a positive impact
of a country's external governance quality and outcome on local microbanks' economic
success in terms of profitability and sustainability. Evidence as well suggests
a negative relationship between external governance and the microbanks' social
success measured by the depth of outreach. In this context, our analysis reveals
that a country's political stability, governance effectiveness, regulatory quality
and rule of law are significant key elements of external governance affecting
the MFIs' functional performance. Moreover, results from sensitivity analyses
indicate that the relationship between external governance quality and microfinance
functional performance significantly depends on the microbanks' business concepts,
their lending methodologies and sources of funding.
alternative_title:
- 'The impact of external governance quality on the economic and social success of
microfinance institutions '
author:
- first_name: André
full_name: Uhde, André
id: '36049'
last_name: Uhde
orcid: https://orcid.org/0000-0002-8058-8857
- first_name: Oliver
full_name: Müller, Oliver
last_name: Müller
citation:
ama: Uhde A, Müller O. External governance outcome and microfinance success.
International Journal of Monetary Economics and Finance . 2013;6(2/3):116-149.
doi:https://doi.org/10.1504/IJMEF.2013.056394
apa: Uhde, A., & Müller, O. (2013). External governance outcome and microfinance
success. International Journal of Monetary Economics and Finance , 6(2/3),
116–149. https://doi.org/10.1504/IJMEF.2013.056394
bibtex: '@article{Uhde_Müller_2013, title={External governance outcome and microfinance
success}, volume={6}, DOI={https://doi.org/10.1504/IJMEF.2013.056394},
number={2/3}, journal={ International Journal of Monetary Economics and Finance
}, author={Uhde, André and Müller, Oliver}, year={2013}, pages={116–149} }'
chicago: 'Uhde, André, and Oliver Müller. “External Governance Outcome and Microfinance
Success.” International Journal of Monetary Economics and Finance 6,
no. 2/3 (2013): 116–49. https://doi.org/10.1504/IJMEF.2013.056394.'
ieee: 'A. Uhde and O. Müller, “External governance outcome and microfinance success,”
International Journal of Monetary Economics and Finance , vol. 6, no.
2/3, pp. 116–149, 2013, doi: https://doi.org/10.1504/IJMEF.2013.056394.'
mla: Uhde, André, and Oliver Müller. “External Governance Outcome and Microfinance
Success.” International Journal of Monetary Economics and Finance , vol.
6, no. 2/3, 2013, pp. 116–49, doi:https://doi.org/10.1504/IJMEF.2013.056394.
short: A. Uhde, O. Müller, International Journal of Monetary Economics and Finance 6
(2013) 116–149.
date_created: 2018-09-14T11:53:25Z
date_updated: 2023-01-10T09:38:58Z
department:
- _id: '186'
- _id: '188'
doi: https://doi.org/10.1504/IJMEF.2013.056394
intvolume: ' 6'
issue: 2/3
jel:
- G21
- G28
keyword:
- microfinance
- external governance
- economic success
- social success
- developing countries
- profitability
- sustainability
- microbanks
- outreach
- political stability
- governance effectiveness
- regulatory quality
- rule of law
- governance quality
- lending methodologies
- funding sources
language:
- iso: eng
page: 116-149
publication: ' International Journal of Monetary Economics and Finance '
publication_identifier:
eissn:
- 1752-0487
publication_status: published
status: public
title: External governance outcome and microfinance success
type: journal_article
user_id: '21810'
volume: 6
year: '2013'
...