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Governance and Performance of Microfinance Institutions in Central and Eastern Europe and the Newly Independent States

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  • Hartarska, Valentina M.

Abstract

This paper studies how various governance mechanisms affect the performance of microfinance institutions in Central and Eastern Europe and the Newly Independent States. Results show that managerial compensation matters, that market forces are becoming important disciplining device, and that board size, diversification and independence affect both outreach and sustainability.

Suggested Citation

  • Hartarska, Valentina M., 2004. "Governance and Performance of Microfinance Institutions in Central and Eastern Europe and the Newly Independent States," 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma 34722, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeaft:34722
    DOI: 10.22004/ag.econ.34722
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    File URL: https://ageconsearch.umn.edu/record/34722/files/sp04ha03.pdf
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    Cited by:

    1. Cristian Ricardo Nogales Carvajal, 2008. "El exito de la autorregulacion de las instituciones microfinancieras en Bolivia: una prueba empirica," Investigación & Desarrollo, Universidad Privada Boliviana, vol. 1(1), pages 23-44.
    2. Valentina Hartarska, 2004. "Governance and Performance of Microfinance Institutions in Central And Eastern Europe and the Newly Independent States," William Davidson Institute Working Papers Series 2004-677, William Davidson Institute at the University of Michigan.
    3. Thapa, Ganesh, 2006. "Sustainability and Governance of Microfinance Institutions: Recent Experiences and Some Lessons for Southeast Asia," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 3(1-2), pages 1-22, December.

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    Keywords

    Financial Economics;

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