Keywords: Second stage analysis
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Journal Articles
Benchmarking: An International Journal (2023) 30 (2): 433–459.
Published: 11 March 2022
.... The second stage analysis revealed the negative influence of institutional factors such as efficiency wage (particularly among small MFIs) on financial sustainability, social outreach and overall efficiencies. Staff turnover reduced operational, financial and overall efficiencies, particularly for large MFIs...

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