Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Efficiency Wage and Productivity in the Indian Microfinance Industry: A Panel Evidence Subject The topic of the resource Efficiency wage; financial sustainability; India; microfinance; microfinance institutions; mission drift; outreach Description An account of the resource Enhanced productivity remains a crucial agenda for firms to attain cost and competitive advantages in the market. Hence, the main purpose of this study is to investigate the effects of efficiency wage (EW) on the productivity of microfinance institutions (MFIs) with respect to their dual objectives, namely, outreach (depth and breadth) and financial sustainability. Unbalanced panel data of 179 Indian MFIs were collected over the period 20102018 from the Microfinance Information Exchange (MIX) market platform (now obtainable from the World Bank catalogue). Under a static model setting (fixed effects model), the observed relationship between EW and MFIs productivity is mixed. On the one hand, EW exhibits a strong and statistically significant positive relationship with the breadth of outreach, even after considering various control variables and alternative proxies of EW. On the other hand, EW shows no positive influence on the MFIs depth of outreach; rather, it results in a mission drift of MFIs, with the poorest of the poor being neglected (weak and insignificant for proxy of EW). Concerning the financial sustainability of MFIs, EW exhibits a positive and statistically significant effect, except for the profitability dimension when an alternative proxy of EW is used. A two-step system generalized method of moments (GMM) performed to limit endogeneity problems also validates most of our findings. The outcomes of this study could help MFIs managers in designing appropriate financial packages to enhance MFIs productivity and subsequently attain the dual objective of outreach and sustainability. 2022 SAGE Publications. Creator An entity primarily responsible for making the resource Mia M.A.; Pellegrina L.D.; Zhang C.; Sangwan S. Source A related resource from which the described resource is derived IIM Kozhikode Society and Management Review, Vol-11, No. 2, pp. 235-252. Publisher An entity responsible for making the resource available Sage Publications India Pvt. Ltd Date A point or period of time associated with an event in the lifecycle of the resource 2022-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.1177/22779752211061203" target="_blank" rel="noreferrer noopener">https://doi.org/10.1177/22779752211061203</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85142279142&amp;doi=10.1177%2F22779752211061203&amp;partnerID=40&amp;md5=e3e1d09b13b30a93f87fce40850de1ce" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85142279142&amp;doi=10.1177%2f22779752211061203&amp;partnerID=40&amp;md5=e3e1d09b13b30a93f87fce40850de1ce</a> Rights Information about rights held in and over the resource Restricted Access Relation A related resource ISSN: 22779752 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Mia M.A., School of Management, Universiti Sains Malaysia, Penang, Malaysia; Pellegrina L.D., Department of Economics, Management and Statistics (DEMS), University of Milano-Bicocca, Piazza Ateneo Nuovo, Milan, Italy; Zhang C., School of Accounting, Nanjing University of Finance and Economics, Nanjing, China; Sangwan S., Department of Commerce, Christ University, Maharashtra, Pune, India