The Impact of Corporate Governance and Ethics on Microfinance Institutions (MFIs)—The Case for Microfinance Institutions (MFIs) in Masvingo, Zimbabwe, 2009-2019  

作　　者：Ephraim Matanda Vharawei Matanda 

机构地区：[1]Great Zimbabwe University,Masvingo,Zimbabwe

出　　处：《Journal of Modern Accounting and Auditing》2019年第11期510-522,共13页现代会计与审计（英文版）

摘　　要：The paper presents and examines the impact of corporate governance and ethics in particular on sustainable development of the Zimbabwean microfinance sector in the period 2009-2019.The critical microfinance institutions(MFIs)crisis experienced in Masvingo,Zimbabwe recently was not the first one in the world in terms of its severity.The main aim of MFIs in any economy is to serve the poor and vulnerable people of a society through providing them with soft or concessional loans,insurance coverage,and facilities for savings.The study used the descriptive qualitative design to draw research data from MFIs dotted in and around Masvingo Province for presentation,analysis,and interpretation.One of the major findings of the study was that corporate governance and ethics played an indispensable role in the growth and development of MFIs’products and services.The study also realized that good corporate governance and ethical behaviours in business practices were essential for the success of any organization and vice versa and MFIs were no exception.The study therefore concluded that poor capital formation,corporate governance and ethics,human recruitment and selection procedures and fraudulent activities or misappropriation of funds were responsible for the majority of threats faced by MFIs in Masvingo in their growth and development endeavours.Therefore the study recommended that directors of MFIs should craft policies and strategies that are corporate governance and ethics oriented in their desire to grow their business towards sustainable development in the foreseeable future.

关 键 词：CORPORATE governance CORPORATE ETHICS MICROFINANCE sector concessional LOANS MICROFINANCE institutions (MFIs) sustainable development 

分 类 号：F42[经济管理—产业经济]