Microfinance Governance: A Multi-theoretical Approach for Ascertaining the Wider Stakeholder Influencing Forces

Rahman, I.K.A., Hussain, M.D., and Hossin, M.S. (2019). Microfinance governance: A multi-theoretical approach for ascertaining the wider stakeholder influencing forces. Asian Academy of Management Journal, 24(Supp. 1), 203–216. https://doi.org/10.21315/aamj2019.24.s1.14

14 Pages Posted: 11 Feb 2021

See all articles by Ibrahim Kamal Abdul Rahman

Ibrahim Kamal Abdul Rahman

University Kuala Lumpur

Mohammad Delwar Hussain

Green University of Bangladesh - School of Business

Md Suliman Hossin

University Kuala Lumpur

Date Written: March 20, 2019

Abstract

Scholars argue that the agency theory has some limitations as the sustaining theory of governance. It is its inability to distinguish the wider stakeholder influencing forces effecting on organizations. This paper delivers a concise picture incorporating other management-based theories to supplement agency theory in distinguishing the wider stakeholder influencing forces as well as the consequential extended governance standard it creates. Yet, for developing the theory-building approach it has reviewed and critically examined the existing literature. Furthermore, a circumstance is built to assimilate four existing theories that supplement each other to distinguish the wider stakeholder influencing forces. Finally, further studies have been recommended to certify the approach with wide-ranging real-life institutional settings.

Keywords: microfinance governance, agency theory, stewardship theory, stakeholder theory, resource dependence theory

JEL Classification: G15,G30,M41

Suggested Citation

Rahman, Ibrahim Kamal Abdul and Delwar Hussain, Mohammad and Hossin, Md Suliman, Microfinance Governance: A Multi-theoretical Approach for Ascertaining the Wider Stakeholder Influencing Forces (March 20, 2019). Rahman, I.K.A., Hussain, M.D., and Hossin, M.S. (2019). Microfinance governance: A multi-theoretical approach for ascertaining the wider stakeholder influencing forces. Asian Academy of Management Journal, 24(Supp. 1), 203–216. https://doi.org/10.21315/aamj2019.24.s1.14, Available at SSRN: https://ssrn.com/abstract=3743484

Ibrahim Kamal Abdul Rahman

University Kuala Lumpur ( email )

Mohammad Delwar Hussain

Green University of Bangladesh - School of Business ( email )

220/D, Begum Rokeya Sarani
West Kafrul, Dhaka 1207
Bangladesh

Md Suliman Hossin (Contact Author)

University Kuala Lumpur ( email )

Level 8, Bangunan Yayasan Selangor
No. 74, Jalan Raja Muda Abdul Aziz
50300 Kuala Lumpur
Malaysia

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