Kwame Ohene Djan

• Djan, Kwame Ohene; Nyarko, Samuel Anokye; Mersland, Roy; Beisland, Leif Atle & Nakato, Linda (2023). Influence of international ownership on the performance of local social enterprises: Evidence from the global microfinance industry. Strategic Change. ISSN 1086-1718. 32(2-3), p. 53–71. doi: 10.1002/jsc.2536. Full text in Research Archive Show summary

  International ownership positively impacts the social performance of social enterprises at the expense of financial performance. International owners mostly use their resources and controlling rights to improve social performance at the expense of financial performance. Current ownership theories do not address how the multidimensional utility function might affect the governance and financing of a social enterprise. There is a need to develop theories for firms with conflicting objectives.

• Beisland, Leif Atle; Djan, Kwame Ohene; Mersland, Roy & Randøy, Trond (2020). Measuring Social Performance in Social Enterprises: A Global Study of Microfinance Institutions. Journal of Business Ethics. ISSN 0167-4544. 171. doi: 10.1007/s10551-019-04417-z. Full text in Research Archive Show summary

  Social enterprises in the microfinance industry need to adhere to both financial and social demands. Critics argue that there is a mission drift away from the social mission, and this has motivated the introduction of social rating agencies to strengthen the business ethics of microfinance institutions (MFIs). Using a global dataset of 204 socially rated MFIs from 58 countries, we assess the factors that drive the social performance ratings of MFIs. Overall our results show that social ratings of MFIs are significantly related to financial performance, greater outreach especially in rural areas, well-defined social objectives, staff commitment, service quality and an enhanced customer service. We observe that various rating agencies attach different importance to each of the social indicators. The public policy implication is that social rating agencies need to become more transparent, to reduce the information asymmetries between heterogenous socially motivated investors and the focal MFI.

• Zamore, Stephen; Djan, Kwame Ohene; Alon, Ilan & Hobdari, Bersant (2018). Credit Risk Research: Review and Agenda. Emerging markets finance & trade. ISSN 1540-496X. 54(4), p. 811–835. doi: 10.1080/1540496X.2018.1433658. Full text in Research Archive
• Djan, Kwame Ohene & Mersland, Roy (2017). Does Religious Affiliation Influence the Design of Corporate Governance? Evidence from the Global Microfinance Industry. Strategic Change. ISSN 1086-1718. 26(2), p. 101–116. doi: 10.1002/jsc.2113. Full text in Research Archive

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• Mersland, Roy; Zamore, Stephen; Djan, Kwame Ohene & Sommeno, Tigist Woldetsadik (2019). Internationalization of the Microfinance Industry. In Hudon, Marek; Labie, Marc & Szafarz, Ariane (Ed.), A Research Agenda for Financial Inclusion and Microfinance. Edward Elgar Publishing. ISSN 9781788114219. p. 139–149. Full text in Research Archive
• Djan, Kwame Ohene; Mersland, Roy; Atle, Beisland Leif; Nyarko, Samuel Anokye & Nakato, Linda (2018). The impact of International ownership on the performance of social enterprises: A global survey of microfinance shareholder firms. Full text in Research Archive
• Beisland, Leif Atle; Mersland, Roy; Nyarko, Samuel Anokye; Nakato, Linda & Djan, Kwame Ohene (2018). The Impact of International Ownership on the Performance of Microfinance Institutions: A Global Survey. Full text in Research Archive
• Djan, Kwame Ohene & Mersland, Roy (2016). Does religious affiliation influence the design of corporate governance? evidence from the global microfinance industry. Full text in Research Archive
• Djan, Kwame Ohene & Mersland, Roy (2016). Towards a search for an optimal governance design in microfinance institutions, are cooperatives different from non-governmental organizations? Full text in Research Archive
• Djan, Kwame Ohene & Mersland, Roy (2016). Corporate governance and performance in microfinance: are cooperatives any special? Full text in Research Archive
• Zamore, Stephen; Djan, Kwame Ohene & Alon, Ilan (2016). Credit risk research: A backward -forward looking analysis. Full text in Research Archive

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