University Links: Home Page | Site Map
Covenant University Repository

Drivers of credit union penetration: An international analysis

Olohunlana, Aminat Olayinka and Adeleye, Bosede Ngozi and Olohunlana, Somod Dapo and AbdulKareem, Hauwah K. K. Drivers of credit union penetration: An international analysis. African Development Review.

[img] PDF
Download (134kB)

Abstract

Aligning with Sustainable Development Goal 5, which aims to ‘achieve gender equality and empower all women and girls’, this study examines the impact of board heterogeneity on the sustainability of 794 microfinance institutions in 22 Sub-Saharan African countries from 2010 to 2018. Using the panel–spatial correlation consistent estimation technique to correct for incidences of cross-sectional dependence, heteroscedasticity and serial correlation, the findings reveal that gender heterogeneity in the boardroom exerts a positive and significant influence on the sustainability of microfinance institutions in Sub-Saharan Africa. In addition, factors such as the portfolio quality and the level of corruption in the domiciled countries threaten microfinance sustainability while its total asset base and leverage enhance it. In part, the study suggests that policy discussions on microfinance sustainability should emphasise ensuring increasing participation of women in the boardroom.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 11 Jul 2022 15:17
Last Modified: 11 Jul 2022 15:17
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/16076

Actions (login required)

View Item View Item