Claims have been made that microfinance institutions (MFIs) experience mission drift as they increasingly cater to customers who are better off than their original customers. We investigate mission drift using average loan size as a main proxy and the MFIs lending methodology, main market, and...

We study mission drift in social enterprises by examining whether these organizations stick to the actual mission enshrined in their mission statements. We use data from micro!nance organizations (MFOs), a homogeneous group of social enterprises which have been scrutinized—and sometimes...

This study uses data from the microfinance industry to analyse differences in earnings quality between for-profit and nonprofit organisations. The two sets of organisations differ with respect to both governance mechanisms and managerial incentives, and little research has been conducted to...