This study analyses the impact of the ownership structure and macro-level factors on Microfinance institutions' (MFIs) transparency in Sub-Saharan Africa (SSA). Using cross-sectional data from 223 MFIs in 11 countries, we find that MFI transparency in SSA is low and highly variable. Our results indicate that larger MFIs and non-governmental organizations (NGOs) are associated with greater transparency. Greater transparency of NGOs is consistent with the need to sustain and attract donor funding. Country-level resources, such as the level of financial sector development, also impact MFI transparency.
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Amer Univ Ras Al Khaimah, Accounting & Finance, Ras Al Khaymah, U Arab EmiratesAmer Univ Ras Al Khaimah, Accounting & Finance, Ras Al Khaymah, U Arab Emirates
Tadele, Haileslasie
Roberts, Helen
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Univ Otago, Accountancy & Finance, Dunedin, New ZealandAmer Univ Ras Al Khaimah, Accounting & Finance, Ras Al Khaymah, U Arab Emirates
Roberts, Helen
Whiting, Rosalind
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Univ Otago, Accountancy & Finance, Dunedin, New ZealandAmer Univ Ras Al Khaimah, Accounting & Finance, Ras Al Khaymah, U Arab Emirates
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Univ Cape Town, Dept Finance & Tax, Western Cape, South Africa
Bournemouth Univ, Grad Sch Business, Dept Accounting Finance & Econ, Bournemouth, Dorset, EnglandUniv Cape Town, Dept Finance & Tax, Western Cape, South Africa