Review of Contemporary Business Research

Analysis of the Effect of Governance, Performance and Non-Determinism Factors on Microfinance Institutions’ Business Continuity: A Case of Togo
Kouassi Raymond Agbodoh-Falschau

Abstract
Lack of results of international aid and projects to reduce poverty in developing countries are becoming of paramount importance for stakeholders. As result paradigm change though Microfinance Institutions (MFIs) is promoted to remedy these problems. This paper introduces the structural equal modelling model that incorporates governance, nondeterministic, performance and business continuity management theories with the purpose of improving MFIs ability to operate as going concern (continuity). To validate this model, primary data were collected from microfinance institutions operating in Togo (West-Africa) and analyzed using structural equation modeling with WarpPls 6.0. The study revealed thatperformance (financial and social), governance, sectors of activities and clientscontribute positively to influence the microfinance institutions‟ business continuity.Concepts such as governance, performance, and non-determinism helpMFIs to operate as going concern. This study has several managerial and academic implications as it provides meaningful insights on policy making to improve MFIs management in addition to theory development.

Full Text: PDF     DOI: 10.15640/rcbr.v9n1-2a1