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Community Leadership at a Hindu Non-Profit Organization Leads to Outperforming in Indian Microfinance Market

Author

Listed:
  • Arvind Ashta

    (Accounting, Finance & Law CEREN, EA 7477, Burgundy School of Business—Université Bourgogne, Franche-Comté 29 rue Sambin, 21000 Dijon, France)

  • Nadiya Parekh

    (Management, Department of Business Administration, School of Business & Economics, Sonoma State University, Rohnert Park, CA 94928, USA)

Abstract

There are isolated streams of research in spiritual capital, spiritual leadership, and community leadership. We put together these three notions and indicate that taken together, a spiritual leader with a community leadership style can use his spiritual capital to boost both the social and financial performance of the organization and reduce risk. We document a case where a Hindu non-profit organization is more resilient compared to the other top Indian firms which are for-profit organisations. This challenges the popular belief that creating sustainable organizations with social impact requires a purely business logic. This case study reports the results of interviews with the top management of the organization explaining how religion is related to management inputs, the social business model, and financial performance outcomes. We add to the meager literature on Hinduism in social business leadership. We generate five propositions that expand the extant theoretical conceptualization of community leadership with a case example from a non-profit Hindu spiritual leadership domain. They serve as lessons that managers can reflect on while working with their community and building trust.

Suggested Citation

  • Arvind Ashta & Nadiya Parekh, 2023. "Community Leadership at a Hindu Non-Profit Organization Leads to Outperforming in Indian Microfinance Market," JRFM, MDPI, vol. 16(3), pages 1-20, March.
    • Handle: RePEc:gam:jjrfmx:v:16:y:2023:i:3:p:176-:d:1088994
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    References listed on IDEAS

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    1. Lora Reed & Deborah Vidaver-Cohen & Scott Colwell, 2011. "Erratum to: A New Scale to Measure Executive Servant Leadership: Development, Analysis, and Implications for Research," Journal of Business Ethics, Springer, vol. 101(3), pages 507-508, July.
    2. Vasily Korovkin & Alexey Makarin, 2023. "Conflict and Intergroup Trade: Evidence from the 2014 Russia-Ukraine Crisis," American Economic Review, American Economic Association, vol. 113(1), pages 34-70, January.
    3. Lora Reed & Deborah Vidaver-Cohen & Scott Colwell, 2011. "A New Scale to Measure Executive Servant Leadership: Development, Analysis, and Implications for Research," Journal of Business Ethics, Springer, vol. 101(3), pages 415-434, July.
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