As an emerging area of financial services microfinance has many success stories that reveal the huge potential for serving the society. However, like any other financial organization micro finance institutions (MFIs) have to survive in addition to fund their needs and wants. The idea of double...

In recent years mission drift (MD) is one of the most discussed aspects in the sphere of microfinance. Numerous evidence worldwide supports the claim of MD in the Micro Financing Institutions (MFIs) though from time to time it has been misinterpreted to profit orientation and commercialization....

Mission drift in microfinance industry is becoming an ethical concern in the path of building a financially inclusive society. However, its dimensions and the reasons have not been ascertained conclusively. This paper tries to answer these issues with the help of a filtered dataset comprising of...

Purpose: The purpose of the paper is to confirm the adherence of double bottom line objectives by the microfinance institutions (MFIs) of India and, further, to identify the causal factors that work out their double bottom line commitments. Design/methodology/approach: The study uses an...

Several studies have investigated the determinants of firms' capital structure choices. Though an intercorporate loan is an essential source of corporate debt, there are no studies that examine the determinants of firms' preference to use the intercorporate loan as a source of debt. This study...