A systematic review of gender diversity and its impact on the performance of Microfinance Institutions

Hossain, Md Imran; Mia, Md Aslam; Dalla Pellegrina, Lucia

doi:10.1186/s43093-023-00294-1

Future Business Journal

Table 1 Summary of the Selected 24 Articles

From: A systematic review of gender diversity and its impact on the performance of Microfinance Institutions

Author/s	Year	Publisher	Geographical Region	Duration	Data Source	Gender Parameter			Performance Parameter
						Board	Manager	Staff	Financial	Social	Others
Mersland and Strøm [80]*	2009	Elsevier	Global	2000–2007	Rating Agencies	✓			ROA, OSS, PY, OC	AL, Credit Clients
Boehe and Cruz [23]	2013	Elsevier	African, Eastern European, Latin American, Asian	2003–2011	DID database	✓	✓	✓	FSS, PAR30
Hartarska et al. [54]	2014	Wiley	Global	1998–2009	Rating Reports	✓				NOAB
Mori [88]	2014	Taylor and Francis	Africa	2004–2009	Primary Data	✓			Monitoring and resource provision		Efficiency
Strøm et al. [112]	2014	Elsevier	Global	1998–2008	Rating Agencies	✓			ROA, ROE, OSS, FSS
Mori et al. [89]	2015	Wiley	Africa	2004–2009	Primary Data	✓				AL, NOAB
Wale [118]	2015	Virtus Interpress	Ethiopia	2003–2008	MIX Market	✓			ROA, OSS	AL, NOAB
Gohar and Batool [45]	2015	Taylor and Francis	Pakistan	2005–2009	MIX Market	✓			ROA, OSS, PY	AL, NOAB
Augustine et al. [13]	2016	Wiley	Africa	2005–2011	MIX Market	✓		✓	ROA, OpExp
Vishwakarma [117]	2017	SAGE	India	2011–2014	Primary and MIX Market Data	✓	✓		ROA	NOAB
Adusei et al. [2]	2017	Taylor and Francis	Global	2010–2014	MIX Market	✓			ROA, OSS
Thrikawala et al. [114]	2017	Inder Science	Sri Lanka	2007–2012	MIX Market	✓			OSS, ROA, YGLP, OpExp, Par30
Pedrini [96]	2018	Taylor and Francis	Global	2008–2010	MicroFinanza Rating			✓	ROE, OSS
Bibi et al. [22]	2018	Elsevier	South Asian	2005–2012	MIX Market	✓		✓	GLP, FR	NOAB
Shettima and Dzolkarnaini [109]	2018	Emerald	Nigeria	2010–2013	MIX Market	✓			ROA, ROE
Ghosh and Guha [44]	2019	Emerald	India	2010–2014	MIX Market	✓	✓	✓	ROA, OSS, GLP, PM	AL, NOAB
Boubacar [25]	2019	Emerald	Africa	2013–2017	MIX Market	✓	✓	✓	ROA, CPB	NOAB, NOFB
Hasan et al. [55]	2019	Springer	Bangladesh	2008–2009	Primary and Annual Report of MFI	✓			OSS
Adusei [1]	2019	Elsevier	Global	2010–2014	MIX Market			✓		AL, NOAB
Memon et al. [77]	2020	Taylor and Francis	Global	1999–2017	MIX Market	✓	✓	✓	OSS	AL, NOAB
Mia et al. [85]	2022	Wiley	Eastern Europe and Central Asia	1996–2014	MIX Market	✓	✓	✓	ROA, ROE, PM, YGL, Par30
François Seck Fall et al. [36, 37]	2021	Elsevier	Global	2011	MIX Market	✓		✓		Female Borrowers
Gudjonsson et al. [46]	2020	VGTU Press	Global		MIX Market	✓	✓	✓	ROA
Olohunlana et al. [94]	2022	Wiley	Africa	2010–2018	MIX Market	✓			OSS

ROA = Return on assets, ROE = return on equity, OSS = operational self-sufficiency, FSS = financial self-sufficiency, YGL = yield to gross loan, GLP = gross loan portfolio, PM = profit margin, Par30 = portfolio at risk > 30 days, OpExp: = operating expense, AL = average loan size, NOAB = number of active borrowers, NOFB = number of female borrowers, CPB = cost per borrower, FR = financial revenues, PY = portfolio yield, DID = Desjardins International Development. * Mersland and Strøm [80] specifically examined the effect of the CEO, a unique focus within the microfinance context. Generally, CEOs are also board members; therefore, we considered this study under the dimension of board gender diversity

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