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How does microfinance prosper? An analysis of environmental, social, and governance context

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dc.contributor.authorTauhidul Islam Tanin
dc.contributor.authorMohammad Ashraful Mobin
dc.contributor.authorNg Adam Boon Ka
dc.contributor.authorGinanjar Dewandaru
dc.contributor.authorMalik Abdulrahman Nkoba
dc.contributor.authorAhmad Lutfi Abdul Razak
dc.contributor.authorKinan Salim
dc.date.accessioned2020-05-12T14:47:13Z
dc.date.available2020-05-12T14:47:13Z
dc.date.issued2019
dc.description.abstractThe 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 performance of MFIs. As for the social-financial performance nexus, our results reveal a positive relationship using the depth of outreach as proxy of social performance. However, when women empowerment is used as a proxy for social performance, evidence suggest presence of negative relationship. The study contributes to the literature by providing new evidence on the relationship between environmental, social, and governance and financial performance from microfinance industry. Our results are robust to a variety of econometric specifications and have significant policy implications for donors, investors, MFIs, and regulators.en_US
dc.goalsGoal 5
dc.identifier.citationTanin, T. I., Mobin, M. A., Ng, A. B. K., Dewandaru, G., Salim, K., Nkoba, M. A., & Abdul Razak, A. L. (2019). How does microfinance prosper? An analysis of environmental, social, and governance context. Sustainable Development, 27(6), 1001-1022. https://doi.org/10.1002/sd.1952en_US
dc.identifier.doihttps://doi.org/10.1002/sd.1952
dc.identifier.issn1099-1719 (Online)
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3219
dc.languageEnglish
dc.language.isoengen_US
dc.publisherJohn Wiley & Sons, Ltd and ERP Environmenten_US
dc.rights2019. John Wiley & Sons, Ltd and ERP Environment
dc.sourceSEDONA
dc.subjectEnvironmental performanceen_US
dc.subjectESG performanceen_US
dc.subjectFinancial performanceen_US
dc.subjectGovernance performanceen_US
dc.subjectMicrofinanceen_US
dc.subjectSocial performanceen_US
dc.titleHow does microfinance prosper? An analysis of environmental, social, and governance contexten_US
dc.typeJournal Articleen_US
dlc.maintopicIslamic financeen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.goalGoal 5
ikr.topic.maintopicIslamic financeen_US
relation.isAuthorOfPublication10a8c75a-02bf-4122-a23c-40d4ef3b59b3
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relation.isAuthorOfPublication10a8c75a-02bf-4122-a23c-40d4ef3b59b3
relation.isAuthorOfPublication.latestForDiscovery10a8c75a-02bf-4122-a23c-40d4ef3b59b3
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