十八禁漫画无遮挡在线观看 十八禁漫画无遮挡无删减 琪琪 十八禁漫画无遮挡在线观看 十八禁漫画无遮挡无删减 琪琪 ,钟成干白洁五次在线观看 钟成干白洁五次无删减 琪琪看片网 钟成干白洁五次在线观看 钟成干白洁五次无删减 琪琪看片网 ,美女被五六个大汉糟蹋在线观看 美女被五六个大汉糟蹋无删 美女被五六个大汉糟蹋在线观看 美女被五六个大汉糟蹋无删

发布日期:2021年11月29日

Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 330

Full Length Research Paper

Capital structure, credit risk management and financial performance of microfinance institutions in Uganda

Geresem Orichom
  • Geresem Orichom
  • Department of Economics and Statistics, Faculty of Arts and Social Sciences, Kyambogo University, Uganda.
  • Google Scholar
Michael Omeke
  • Michael Omeke
  • Department of Economics and Statistics, Faculty of Arts and Social Sciences, Kyambogo University, Uganda.
  • Google Scholar


  •  Received: 05 October 2020
  •  Accepted: 17 November 2020
  •  Published: 31 January 2021
十八禁漫画无遮挡在线观看 十八禁漫画无遮挡无删减 琪琪 十八禁漫画无遮挡在线观看 十八禁漫画无遮挡无删减 琪琪 ,钟成干白洁五次在线观看 钟成干白洁五次无删减 琪琪看片网 钟成干白洁五次在线观看 钟成干白洁五次无删减 琪琪看片网 ,美女被五六个大汉糟蹋在线观看 美女被五六个大汉糟蹋无删 美女被五六个大汉糟蹋在线观看 美女被五六个大汉糟蹋无删

Abstract

The paper examines the relationship between capital structure, credit risk management and financial performance of microfinance institutions (MFIs) in Uganda based on agency theory. The study adopted a cross–sectional research design to examine 64 MFIs in Uganda. Correlation and multiple regression analysis were performed to analyze the data. The results reveal that credit risk management significantly contributes to sound financial performance. Second, capital structure is not significantly related to financial performance. Therefore, credit risk appraisal, credit risk monitoring and credit risk mitigation are essential in achieving sound financial performance of MFIs. However, the structure of debt or equity does not necessarily affect financial performance. Hence, managers should endeavor to instill risk preventive and control mechanisms so as to mitigate credit risks and achieve positive financial performance of MFIs.

 

Key words: Agency theory, capital structure, credit risk management, financial performance, microfinance institutions.