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Does Gender Diversity Influence the Operational Sustainability of Microfinance Institutions (MFIS) In Sri Lanka
Journal of Business and Technology 1(1): 65–83 · 2017
https://doi.org/10.4038/jbt.v1i1.83
Abstract
This study examines the relationship between gender diversity and operational sustainability of Sri Lankan Microfinance Institutions (MFIs). The static OLS regression and random effect models are used to analyse an unbalanced panel data comprising 243 firm-year observations over the period 2007 to 2012. Findings show that the institutions with female directors on the board have a negative effect on operational sustainability. This study also discovered that MFIs with female CEOs and female chairpersons have a positive effect on operational sustainability. This research provides insight to the policy-makers regarding gender diversity on boards in Sri Lankan MFIs.
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