This study sought to explain the role played by women in microfinance institutions (MFIs) during crisis and their influence on the financial performance. We addressed the relevance of gender diversity and its influence on the financial performance during the downturn periods. We analyzed data from 555 ratings of 185 MFIs from MicroFinanza Rating, a leading microfinance rating agency. The analysis shows that the number of women in staff of MFIs is significantly and positively associated both with the ROE and OSS of MFIs; which means a positive impact of gender diversity on the financial performance.
Spina, F., Pedrini, M., The effect of gender diversity on the financial performance of MFIs in crisis period, Paper, in Academia Italiana di Economia Aziendale - Bicentenary Conference, (Itala, 19-21 September 2013), AIDEA, Lecce 2013: 1-31 [http://hdl.handle.net/10807/61400]
The effect of gender diversity on the financial performance of MFIs in crisis period
Spina, Francesca;Pedrini, Matteo
2013
Abstract
This study sought to explain the role played by women in microfinance institutions (MFIs) during crisis and their influence on the financial performance. We addressed the relevance of gender diversity and its influence on the financial performance during the downturn periods. We analyzed data from 555 ratings of 185 MFIs from MicroFinanza Rating, a leading microfinance rating agency. The analysis shows that the number of women in staff of MFIs is significantly and positively associated both with the ROE and OSS of MFIs; which means a positive impact of gender diversity on the financial performance.
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