2019
DOI: 10.1002/sd.1952
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How does microfinance prosper? An analysis of environmental, social, and governance context

Abstract: The spotlight of this study is to examine whether environmental, social, and governance performance affects the financial performance of microfinance institutions (MFIs). The topic has been of much interest to researchers and policymakers due to increased awareness among stakeholders on the adverse social and environmental impacts of business actions. Using a dataset covering 5 years for 62 MFIs across 34 countries, we find that environmental and governance performance has no impact on the financial performanc… Show more

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Cited by 25 publications
(26 citation statements)
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“…Dependence on external tourism companies means that regulations should be formulated to protect the interests of local businesses and the local population (see also Tanin et al, 2019 Wong, & van der Heijden, 2019). It is imperative to shift control of tourism from external to internal role players and, at the same time, adopt redistributive measures to ensure that disadvantaged community members (not only the local elite) participate in, control, and benefit from the local tourism sector.…”
Section: Discussion—gaps and Challenges For Islands Tourismmentioning
confidence: 99%
“…Dependence on external tourism companies means that regulations should be formulated to protect the interests of local businesses and the local population (see also Tanin et al, 2019 Wong, & van der Heijden, 2019). It is imperative to shift control of tourism from external to internal role players and, at the same time, adopt redistributive measures to ensure that disadvantaged community members (not only the local elite) participate in, control, and benefit from the local tourism sector.…”
Section: Discussion—gaps and Challenges For Islands Tourismmentioning
confidence: 99%
“…It also covers the company's internal affairs, such as communication among stakeholders, according to the 2019 ESG rating methodology report provided by Morgan Stanley Capital International (MSCI ESG Research, 2019) (https://www.msci.com/documents/1296102/14524248/MSCI+ESG+ Ratings+Methodology+-+Exec+Summary+2019.pdf/2dfcaeee-2c70-d10b-69c8-3058b14109 e3?t=1571404887226 (accessed on 23 December 2020)). This ESG assessment framework has been broadly discussed and adopted by firms to indicate their sustainable engagement and performance [46,47].…”
Section: Blockchain-based Supply Chain and Its Three Pillars Of Sustamentioning
confidence: 99%
“…That is, the managerial exercise of corporate social responsibility (CSR) practice and MFIs' engagement could influence their commitment to society. Although García-Pérez et al (2018) and Tanin et al (2019) have recently attempted to touch on this subject, they have not fully investigated the impact of different sets of corporate governance mechanisms on all three performance dimensions of MFIs. Therefore, which governance structures can effectively influence the social business behaviour of organisations is an ongoing debate (Walls et al, 2012) and this deserves further empirical inquiry (García-Perez et al, 2017).…”
Section: Future Empirical Directionsmentioning
confidence: 99%