Mediating Effects of Management of Information on the Relationship Between Mechanisms of Governance and Lack of Reimbursement of Tunisian’s Associations of Microfinance
Article
First Online:
Received:
Accepted:
- 87 Downloads
Abstract
The purpose of this paper is to develop a mediational model of financial performance of microfinance institutions. It evaluates the links between mechanisms of governance, management of information about borrowers, and lack of reimbursement. Our goal through this model is to demonstrate that it is through the process of management of information these mechanisms are converted into financial performance. Based on an analysis of data from 228 Tunisian micro-enterprises, we concluded the mediation possibility of management of information on a fall in the lack of reimbursement.
Keywords
Lack of reimbursement Management of information Microfinance Mechanisms of the governance TunisiaJEL Classification
L26References
- Andrés, P., & Vallelado, E. (2008). Corporate governance in banking: the role of the board of directors. Journal of Banking and Finance, 32(12), 2570–2580.CrossRefGoogle Scholar
- Austin J., Gutierrez R., Labie M., Ogliastri E. (1998). Finansol, Harvard Business School case, Harvard University, 9-398-071 (version anglaise), 9-398-073 (version espagnole), Cambridge, 16 p.Google Scholar
- Baron, R., & Kenny, D. (1986). The moderator-mediator variable distinction in social psychological research: conceptual, strategic and statistical considerations. Journal of Personality and Social psychlogy, 51, 1173–1182.CrossRefGoogle Scholar
- Brüderl, J., & Preisendorfer, P. (1998). Network support and the success of newly founded businesses. Small Business Economics, 10, 213–225.CrossRefGoogle Scholar
- Calvo, J. (2006). Testing Gibrat’s law for small, young and innovating firms. Small Business Economics, 26, 117–123.CrossRefGoogle Scholar
- Caprio G. and Levine R(2002). Corporate governance of banks: concepts and international observations, Global corporate Governance Forum Research Network Meeting, 5 april 2002.Google Scholar
- Castrogiovianni, G. J. (1996). Pre-start-up planning and the survival of new small firms. Journal of Management, 22, 801–823.CrossRefGoogle Scholar
- Chaves, A., & Gonzalez-Vega, C. (1994). Principles of regulation and prudential supervision and their relevance for microenterprise finance organizations. In O. Maria & R. Elisabeth (Eds.), The new world of microenterprise finance forthe poor. London: Hartford.Google Scholar
- Cooper, A. C., Folta, T., & Woo, C. (1995). Entrepreneurial information search. Journal of Business Venturing, 10(2), 107–120.CrossRefGoogle Scholar
- Cull, R., Demirgüç-Kunt, A., & Morduch, J. (2007). Financial performance and outreach: a global performance of leading microbanks. Economic Journal, 117, F107–F133.CrossRefGoogle Scholar
- Galema, R., Plantinga, A., & Scholtens, B. (2008). The stocks at stake: return and risk in socially responsible investment. Journal of Banking and Finance, 32(12), 2646–2654.CrossRefGoogle Scholar
- Galema, R., Lensink, R., & Mersland, R. (2012a). Do powerful CEOs have an impact on microfinance performance? Journal of Management Studies, 49(4), 718–742.CrossRefGoogle Scholar
- Hansmann H. (1996). The ownership of enterprise, Harvard University Press. Google Scholar
- Hartarska, V. (2005). Governance and performance of microfinance institutions in central Eastern Europe and the newly independent states. World Development, 33(10), 1627–1643.CrossRefGoogle Scholar
- Hartarska, V., & Mersland, R. (2012). What governance mechanisms promote efficiency in reaching poor clients? Evidence from rated microfinance institutions. European Financial Management, 18(2), 218–239.CrossRefGoogle Scholar
- Hartarska, V., & Nadolnyak, D. (2008). Does rating help microfinance institutions raise funds? Cross-country evidence. International Review of Economics and Finance, 17(4), 558–571.CrossRefGoogle Scholar
- Hausman, A. (2005). Innovativeness among small business: theory and propositions for future research. Industrial Marketing Management, 34(8), 773–782.CrossRefGoogle Scholar
- Jensen, M. (1993). Presidential address: the industrial revolution, exist and the failure of internal control systems. Journal of Finance, 48(3), 831–880.CrossRefGoogle Scholar
- Joreskog, K. G., & Sorbom, D. (1984). LISREL VI: analysis of linear structural relationships by the method of maximum likelihood. Chicago: National Educational Resources.Google Scholar
- Koskinen, K. U., & Vanharanta, H. (2002). The role of tacit knowledge in innovation processes of small technology companies. International Journal of Production Economies, 80, 57–64.CrossRefGoogle Scholar
- Labie, M. & Mersland, R. (2011). Corporate governance challenges in microfinance. In Armendariz B. & Labie, M. (Eds.). The Handbook of Microfinance. World Scientific Publishing.Google Scholar
- Lapenu, C., & Zeller, M. (2002). Growth and performance of the microfinance institutions in Africa, Asia and Latin America: a recent inventory (Savings and development).Google Scholar
- Lin, C. Y. (1998). Success factors of small-and-medium-sized enterprises in Taiwan: an analysis of cases. Journal of Small Business Management, 36, 43–65.Google Scholar
- Masakure, O., Cranfield, J., & Henson, S. (2008). The financial performance of non-farm microenterprises in Ghana. World Development, 36, 2733–2762.CrossRefGoogle Scholar
- Mersland, R., & Strøm, R. Ø. (2012). Microfinance costs, lending rates and profitability. In G. Caprio (Ed.), The Encyclopedia of Financial Globalization. Oxford, UK: Elsevier.Google Scholar
- Mersland, R., Randøy, T., & Strøm, R. Ø. (2011). The Impact of international influence on microbanks performance: a global survey. International Business Review, 20(2), 163–176.CrossRefGoogle Scholar
- Mintzberg, H., Quinn, J. B., & Ghoshal, S. (1995). The strategy process. London: Prentice Hall, European Edition.Google Scholar
- Nichter, S., & Goldmark, L. (2009). Small firm growth in developing countries. World Development, 37, 1453–1464.CrossRefGoogle Scholar
- Steiger, J. H., & Lind, J. (1980). Statistically-based tests for the number of common factors”, Paper presented at the Annual Spring Meeting of the Psychometric. Iowa City: Society.Google Scholar
- Tarek, B. H., & Sami, A. (2014). Effects of corporate economic intelligence on international competitiveness of Tunisian firms. Knowledge Horizons-Economics, 6(1), 113–121.Google Scholar
- Thornhill, S. (2006). Knowledge, innovation and firm performance in high- and low-technology regimes. Journal of Business Venturing, 21, 687–703.CrossRefGoogle Scholar
- Wiklund, J. (1998). Small firm growth and performance: entrepreneurship and beyond. Jönköping: Jönköping International Business School.Google Scholar
- Wiklund, J., Patzelt, H., & Shephered, D. (2009). Building an integrative model of small business growth. Small Business Economics, 32, 351–374.CrossRefGoogle Scholar
- Zouhayer, M., & Anis, J. (2013). The factors of the lack of reimbursement of the microfinance institutions: empirical evidence in the case of the Tunisian micro-borrowers», International Journal of Information. Business and Management (IJIBM), 5(2), 139–158.Google Scholar
- Zouhayer, M., Samir, A., & Anis, J. (2014). Corporate governance, profile of the executive directors and the rate of refunding of microcredit’s in the case of the Tunisian associations of microfinance. I-Manager’s Journal On Management, 8(3), 32–46.Google Scholar
Copyright information
© Springer Science+Business Media New York 2015