Accordingly, Table 2.2 below presents the summary of past studies that investigated MFIs in the context of Nigeria. Following Table 2.2, Table 2.3 summarized previous research that attempted to examine factors that influence the performance of MFIs. The review of the previous studies on MFIs as presented in the above Table 2.2 and Table 2.3 suggests the following issues: i. Despite the relevance and applicability of strategic management to MFIs, there appeared to be not many studies that focused on this important area of management among these firms. As a result, there is little information and knowledge on MFIs from the strategic management perspective. ii. In the same manner, even though business practices are considered essential to the performance of MFIs, the information in Table 2.1 suggests research in this area is not only limited but also neglected in the context of Nigeria. i. Limited Focus of Previous Studies on MFIs Although the information in Tables 2.1 and 2.2 shows that the number of studies on MFIs seems to increase, a review of these past studies highlights several limitations. Among the limitations include; too much emphasis on investigating the effectiveness of microfinance schemes, adoption of the case study method, and too many studies concentrated on observing and reporting the impact of financial schemes on poverty reduction (Abdulai, 2017; Abraham & Balogun, 2012; Amoo & Kolawole, 2015; Augustine et al., 2016; Chinasa, 2015; Ene & Inemesit, 2015; Kamukama et al., 2010; Paul & Emesuanwu Catherine Ebelechukwu, 2015; Tadele & Rao, 2014a; Umar et al., 2012).
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- Summer '17
- Management, Strategic Management and Microfinance Institutions