Rating assessments of microfinance institutions are claimed to measure a combination of creditworthiness, trustworthiness and excellence in microfinance. Using a global dataset covering reports from 324 microfinance institutions, this study suggests that these ratings are mainly driven by size,...

In this chapter, we discuss transparency challenges in the global microfinance industry. The issue of transparency not only is on the agenda of listed companies and regulated banks in mature markets but is also hotly debated in regard to firms operating in emerging markets and development...