Figure 2
The word cloud has features of varying sizes of terms and words. The sizes of the words decrease as they radiate outward from the center. At the center, the largest word is “performance.” Slightly below is “financial and social,” also prominently sized. Below, at the center, the word “governance” is shown in vertical orientation. Above “performance,” the text “board” and “microfinance” are given. Surrounding the central cluster are other smaller terms like “mechanisms,” “diversity,” “organizations,” “operational,” “2006,” “panel,” “information,” “portfolio,” “borrowers use,” “institutional gender,” “ownership,” “using,” “costs,” “rating,” “clients,” “age value,” “riskbanks,” “services,” “economic institutions,” “found,” “firm,” “ratio,” “control,” “outreach,” “board,” “c e o,” “loan levels,” “different,” “financial,” “cost time,” “women,” “female,” “management,” “literature,” “efficiency,” “sectors,” “2017,” “directors,” “average,” “market,” “lending,” “assets,” “world,” “regulations,” “empirical,” “governance,” “university,” “paper,” “social,” “internationals,” “impact,” “quality,” “financial,” “structure,” “credit,” “role,” “economics banking,” “2003,” “negative,” “effects,” “sustainability,” “managers,” and so on.Word cloud. Source: Figure by the authors