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- W4308592541 abstract "Abstract We apply the two‐step system generalized method of moments technique to data from 408 microfinance institutions (MFIs) in 73 countries to investigate the effect of capital structure on the financial performance of MFIs and to examine whether judicial efficiency interacts with capital structure to drive the financial performance of MFIs. The results generally show that leverage hurts the financial performance of MFIs. The results also show that judicial inefficiency deepens the negative effect of capital structure on the financial performance of MFIs. We conclude that judicial efficiency matters for the capital structure–firm performance nexus in the microfinance industry." @default.
- W4308592541 created "2022-11-12" @default.
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- W4308592541 date "2022-11-07" @default.
- W4308592541 modified "2023-10-15" @default.
- W4308592541 title "The capital structure–firm performance nexus: The role of judicial efficiency" @default.
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- W4308592541 doi "https://doi.org/10.1002/mde.3768" @default.
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