Female directors and social responsibility of microfinance institutions

Bouslah, Kais, Li, Qian (Jan) ORCID: https://orcid.org/0000-0003-0827-2134 and Mobarek, Asma ORCID: https://orcid.org/0000-0001-6662-4770 2025. Female directors and social responsibility of microfinance institutions. Journal of International Financial Markets, Institutions and Money 102 , 102164. 10.1016/j.intfin.2025.102164

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Abstract

We investigate whether female directors influence the social responsibility of Microfinance Institutions (MFIs). We also explore the factors that might affect the influence of female directors on the different dimensions of MFIs’ social responsibility. Using an international sample of 362 MFIs during the sample period 2010–2018, we find that the impact of female directors on social responsibility of MFIs is positive and not uniform across the various dimensions of social responsibility. We also find that the impact of female board members on MFIs’ social responsibility is stronger when MFIs are structured as not-for-profit organizations. However, local cultural gender values and institutional strength do not affect the relationship between female board members and the social responsibility of MFIs. We contribute to the emerging research stream of women’s representation in the boardrooms of organizations supplying public goods.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Schools > Business (Including Economics)
Publisher:	Elsevier
ISSN:	1042-4431
Date of First Compliant Deposit:	22 May 2025
Date of Acceptance:	15 April 2025
Last Modified:	22 May 2025 13:45
URI:	https://orca.cardiff.ac.uk/id/eprint/178409

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