Taking Trade-offs Seriously: Examining the Contextually Contingent Relationship Between Social Outreach Intensity and Financial Sustainability in Global Microfinance
Author
Abstract
Suggested Citation
DOI: 10.1287/orsc.2017.1188
Download full text from publisher
References listed on IDEAS
- Zhao, Eric Yanfei & Lounsbury, Michael, 2016. "An institutional logics approach to social entrepreneurship: Market logic, religious diversity, and resource acquisition by microfinance organizations," Journal of Business Venturing, Elsevier, vol. 31(6), pages 643-662.
- Justin W. Webb & Geoffrey M. Kistruck & R. Duane Ireland & David J. Ketchen Jr., 2010. "The Entrepreneurship Process in Base of the Pyramid Markets: The Case of Multinational Enterprise/Nongovernment Organization Alliances," Entrepreneurship Theory and Practice, , vol. 34(3), pages 555-581, May.
- Dean Karlan & Martin Valdivia, 2011.
"Teaching Entrepreneurship: Impact of Business Training on Microfinance Clients and Institutions,"
The Review of Economics and Statistics, MIT Press, vol. 93(2), pages 510-527, May.
- Martin Valdivia & Dean Karlan, 2006. "Teaching Entrepreneurship: Impact of Business Training on Microfinance Clients and Institutions," Working Papers 941, Economic Growth Center, Yale University.
- Karlan, Dean S. & Valdivia, Martin, 2006. "Teaching Entrepreneurship: Impact of Business Training on Microfinance Clients and Institutions," Center Discussion Papers 28510, Yale University, Economic Growth Center.
- Dean Karlan & Martin Valdivia, 2006. "Teaching entrepreneurship: Impact of business training on microfinance clients and institutions," Natural Field Experiments 00282, The Field Experiments Website.
- Dean Karlan & Martin Valdivia, 2007. "Teaching Entrepreneurship: Impact of Business Training on Microfinance Clients and Institutions," Working Papers 107, Center for Global Development.
- Dean Karlan & Jonathan Zinman, 2010.
"Expanding Credit Access: Using Randomized Supply Decisions to Estimate the Impacts,"
The Review of Financial Studies, Society for Financial Studies, vol. 23(1), pages 433-464, January.
- Dean Karlan & Jonathan Zinman, 2006. "Expanding credit access: Using randomized supply decisions to estimate the impacts," Natural Field Experiments 00281, The Field Experiments Website.
- Dean Karlan & Jonathan Zinman, 2007. "Expanding Credit Access: Using Randomized Supply Decisions to Estimate the Impacts," Working Papers 956, Economic Growth Center, Yale University.
- Karlan, Dean S. & Zinman, Jonathan, 2007. "Expanding Credit Access: Using Randomized Supply Decisions to Estimate the Impacts," Center Discussion Papers 9279, Yale University, Economic Growth Center.
- Dean Karlan & Jonathan Zinman, 2007. "Expanding Credit Access: Using Randomized Supply Decisions to Estimate the Impacts," Working Papers 108, Center for Global Development.
- Zinman, Jonathan & Karlan, Dean, 2007. "Expanding Credit Access: Using Randomized Supply Decisions To Estimate the Impacts," CEPR Discussion Papers 6180, C.E.P.R. Discussion Papers.
- Zinman, Jonathan & Karlan, Dean, 2007. "Expanding Credit Access: Using Randomized Supply Decisions to Estimate the Impacts," CEPR Discussion Papers 6407, C.E.P.R. Discussion Papers.
- Marc Labie & Anaïs A Périlleux, 2008. "Corporate governance in microfinance: credit unions," Working Papers CEB 08-003.RS, ULB -- Universite Libre de Bruxelles.
- Alberto Alesina & Reza Baqir & William Easterly, 1999.
"Public Goods and Ethnic Divisions,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(4), pages 1243-1284.
- Alberto Alesina & Reza Baqir & William Easterly, 1997. "Public Goods and Ethnic Divisions," NBER Working Papers 6009, National Bureau of Economic Research, Inc.
- Baqir, Reza & Easterly, William & Alesina, Alberto, 1999. "Public Goods and Ethnic Divisions," Scholarly Articles 4551797, Harvard University Department of Economics.
- Alesina, Alberto & Baqir, Reza & Easterly, William, 1999. "Public goods and ethnic divisions," Policy Research Working Paper Series 2108, The World Bank.
- Robert Cull & Asli Demirgüç-Kunt & Jonathan Morduch, 2009.
"Microfinance Meets the Market,"
Journal of Economic Perspectives, American Economic Association, vol. 23(1), pages 167-192, Winter.
- Robert Cull & Asli Demirgüç-Kunt & Jonathan Morduch, 2009. "Microfinance meets the market," Contemporary Studies in Economic and Financial Analysis, in: Moving Beyond Storytelling: Emerging Research in Microfinance, pages 1-30, Emerald Group Publishing Limited.
- Cull, Robert & Demirguc-Kunt, Asli & Morduch, Jonathan, 2008. "Microfinance meets the market," Policy Research Working Paper Series 4630, The World Bank.
- Jonathan Morduch, 1999. "The Microfinance Promise," Journal of Economic Literature, American Economic Association, vol. 37(4), pages 1569-1614, December.
- Kate Cooney, 2012. "Mission Control: Examining the Institutionalization of New Legal Forms of Social Enterprise in Different Strategic Action Fields," Palgrave Macmillan Books, in: Benjamin Gidron & Yeheskel Hasenfeld (ed.), Social Enterprises, chapter 9, pages 198-221, Palgrave Macmillan.
- Joshua K. Ault & Andrew Spicer, 2014. "The institutional context of poverty: State fragility as a predictor of cross-national variation in commercial microfinance lending," Strategic Management Journal, Wiley Blackwell, vol. 35(12), pages 1818-1838, December.
- DeanS. Karlan, 2007.
"Social connections and group banking,"
Economic Journal, Royal Economic Society, vol. 117(517), pages 52-84, February.
- Karlan, Dean S., 2005. "Social Connections and Group Banking," Center Discussion Papers 28522, Yale University, Economic Growth Center.
- Karlan, Dean, 2007. "Social Connections and Group Banking," CEPR Discussion Papers 6194, C.E.P.R. Discussion Papers.
- Dean S. Karlan, 2005. "Social Connections and Group Banking," Working Papers 913, Economic Growth Center, Yale University.
- Hermes, Niels & Lensink, Robert & Meesters, Aljar, 2011.
"Outreach and Efficiency of Microfinance Institutions,"
World Development, Elsevier, vol. 39(6), pages 938-948, June.
- Hermes, Niels & Lensink, Robert & Meesters, Aljar, 2008. "Outreach and Efficiency of Microfinance Institutions," Research Report 08002, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
- D'Espallier, Bert & Guérin, Isabelle & Mersland, Roy, 2011. "Women and Repayment in Microfinance: A Global Analysis," World Development, Elsevier, vol. 39(5), pages 758-772, May.
- Robert Cull & Asli Demirguç-Kunt & Jonathan Morduch, 2007.
"Financial performance and outreach: a global analysis of leading microbanks,"
Economic Journal, Royal Economic Society, vol. 117(517), pages 107-133, February.
- Cull, Robert & Demirguc-Kunt, Asli & Morduch, Jonathan, 2006. "Financial performance and outreach : a global analysis of leading microbanks," Policy Research Working Paper Series 3827, The World Bank.
- Mersland, Roy, 2009.
"The Cost of Ownership in Microfinance Organizations,"
World Development, Elsevier, vol. 37(2), pages 469-478, February.
- Mersland, Roy, 2007. "The cost of ownership in microfinance organization," MPRA Paper 2061, University Library of Munich, Germany.
- Morduch, Jonathan, 2000.
"The Microfinance Schism,"
World Development, Elsevier, vol. 28(4), pages 617-629, April.
- Morduch, J., 1998. "The Microfinance Schism," Papers 626, Harvard - Institute for International Development.
- Sebastian Raisch & Julian Birkinshaw & Gilbert Probst & Michael L. Tushman, 2009. "Organizational Ambidexterity: Balancing Exploitation and Exploration for Sustained Performance," Organization Science, INFORMS, vol. 20(4), pages 685-695, August.
- Lassen, David Dreyer, 2007. "Ethnic divisions, trust, and the size of the informal sector," Journal of Economic Behavior & Organization, Elsevier, vol. 63(3), pages 423-438, July.
- Fearon, James D, 2003. "Ethnic and Cultural Diversity by Country," Journal of Economic Growth, Springer, vol. 8(2), pages 195-222, June.
- Patrick Reichert, 2018.
"A meta-analysis examining the nature of trade-offs in microfinance,"
Oxford Development Studies, Taylor & Francis Journals, vol. 46(3), pages 430-452, July.
- Patrick Reichert, 2016. "A meta-analysis examining the nature of trade-offs in microfinance," Working Papers CEB 16-005, ULB -- Universite Libre de Bruxelles.
- Baldwin, Kate & Huber, John D., 2010. "Economic versus Cultural Differences: Forms of Ethnic Diversity and Public Goods Provision," American Political Science Review, Cambridge University Press, vol. 104(4), pages 644-662, November.
- Gustafsson, Bjorn & Shi, Li, 2003. "The Ethnic Minority-Majority Income Gap in Rural China during Transition," Economic Development and Cultural Change, University of Chicago Press, vol. 51(4), pages 805-822, July.
- Fearon, James D. & Laitin, David D., 2003. "Ethnicity, Insurgency, and Civil War," American Political Science Review, Cambridge University Press, vol. 97(1), pages 75-90, February.
- Bert D'Espallier & Marek Hudon & Ariane Szafarz, 2016.
"Aid Volatility and Social Performance in Microfinance,"
Working Papers CEB
16-015, ULB -- Universite Libre de Bruxelles.
- Bert D'Espallier & Marek Hudon & Ariane Szafarz, 2017. "Aid Volatility and Social Performance in Microfinance," ULB Institutional Repository 2013/239877, ULB -- Universite Libre de Bruxelles.
- Desirée F. Pacheco & Jeffrey G. York & Timothy J. Hargrave, 2014. "The Coevolution of Industries, Social Movements, and Institutions: Wind Power in the United States," Organization Science, INFORMS, vol. 25(6), pages 1609-1632, December.
- Yaron, Jacob, 1994. "What Makes Rural Finance Institutions Successful?," The World Bank Research Observer, World Bank, vol. 9(1), pages 49-70, January.
- Fiona Wilson & James Post, 2013. "Business models for people, planet (& profits): exploring the phenomena of social business, a market-based approach to social value creation," Small Business Economics, Springer, vol. 40(3), pages 715-737, April.
- Gregorio, Monica Di & Hagedorn, Konrad & Kirk, Michael & Korf, Benedikt & McCarthy, Nancy & Meinzen-Dick, Ruth & Swallow, Brent, 2008. "Property rights, collective Action, and poverty: The role of institutions for poverty reduction," CAPRi working papers 81, International Food Policy Research Institute (IFPRI).
- Fabrizio Botti & Marcella Corsi, 2011. "Measuring the Social Performance of Microfinance in Europe," Working Papers CEB 11-037, ULB -- Universite Libre de Bruxelles.
- William Ocasio, 1997. "Towards An Attention‐Based View Of The Firm," Strategic Management Journal, Wiley Blackwell, vol. 18(S1), pages 187-206, July.
- Mersland, Roy & Øystein Strøm, R., 2009. "Performance and governance in microfinance institutions," Journal of Banking & Finance, Elsevier, vol. 33(4), pages 662-669, April.
- Johanna Mair & Ignasi Marti & Marc Ventresca, 2012. "Building Inclusive Markets in Rural Bangladesh : How Intermediaries Work Institutional Voids," Post-Print hal-02276707, HAL.
- Klaus E. Meyer & Ram Mudambi & Rajneesh Narula, 2011. "Multinational Enterprises and Local Contexts: The Opportunities and Challenges of Multiple Embeddedness," Journal of Management Studies, Wiley Blackwell, vol. 48(2), pages 235-252, March.
- M. Tina Dacin & Peter A. Dacin & Paul Tracey, 2011. "Social Entrepreneurship: A Critique and Future Directions," Organization Science, INFORMS, vol. 22(5), pages 1203-1213, October.
- Miguel, Edward & Gugerty, Mary Kay, 2005. "Ethnic diversity, social sanctions, and public goods in Kenya," Journal of Public Economics, Elsevier, vol. 89(11-12), pages 2325-2368, December.
- Klaus E. Meyer & Saul Estrin & Sumon Kumar Bhaumik & Mike W. Peng, 2009.
"Institutions, resources, and entry strategies in emerging economies,"
Strategic Management Journal, Wiley Blackwell, vol. 30(1), pages 61-80, January.
- Meyer, Klaus E. & Estrin, Saul & Bhaumik, Sumon Kumar & Peng, Mike W., 2009. "Institutions, resources and entry strategies in emerging economies," LSE Research Online Documents on Economics 4217, London School of Economics and Political Science, LSE Library.
- Johanna Mair & Ignasi Marti & Marc Ventresca, 2012. "Building Inclusive Markets in Rural Bangladesh : How Intermediaries Work Institutional Voids," Post-Print hal-02312706, HAL.
- Rodrigo Canales & Jason Greenberg, 2016. "A Matter of (Relational) Style: Loan Officer Consistency and Exchange Continuity in Microfinance," Management Science, INFORMS, vol. 62(4), pages 1202-1224, April.
- Conning, Jonathan, 1999. "Outreach, sustainability and leverage in monitored and peer-monitored lending," Journal of Development Economics, Elsevier, vol. 60(1), pages 51-77, October.
- Smith, Wendy K. & Gonin, Michael & Besharov, Marya L., 2013. "Managing Social-Business Tensions: A Review and Research Agenda for Social Enterprise," Business Ethics Quarterly, Cambridge University Press, vol. 23(3), pages 407-442, July.
- Joshua K Ault, 2016. "An institutional perspective on the social outcome of entrepreneurship: Commercial microfinance and inclusive markets," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 47(8), pages 951-967, October.
- Paul Tracey & Nelson Phillips & Owen Jarvis, 2011. "Bridging Institutional Entrepreneurship and the Creation of New Organizational Forms: A Multilevel Model," Organization Science, INFORMS, vol. 22(1), pages 60-80, February.
- Mair, Johanna & Martí, Ignasi, 2006. "Social entrepreneurship research: A source of explanation, prediction, and delight," Journal of World Business, Elsevier, vol. 41(1), pages 36-44, February.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Zhao, Eric Yanfei & Lounsbury, Michael, 2016. "An institutional logics approach to social entrepreneurship: Market logic, religious diversity, and resource acquisition by microfinance organizations," Journal of Business Venturing, Elsevier, vol. 31(6), pages 643-662.
- Gutiérrez-Nieto, Begoña & Serrano-Cinca, Carlos, 2019.
"20 years of research in microfinance: An information management approach,"
International Journal of Information Management, Elsevier, vol. 47(C), pages 183-197.
- Begoña Gutiérrez Nieto & Carlos Serrano-Cinca, 2019. "20 Years of Research in Microfinance: An Information Management Approach," Working Papers CEB 19-005, ULB -- Universite Libre de Bruxelles.
- Sun, Sunny Li & Liang, Hao, 2021. "Globalization and affordability of microfinance," Journal of Business Venturing, Elsevier, vol. 36(1).
- Bos, Jaap W.B. & Millone, Matteo, 2015.
"Practice What You Preach: Microfinance Business Models and Operational Efficiency,"
World Development, Elsevier, vol. 70(C), pages 28-42.
- Bos, J.W.B. & Millone, M.M., 2013. "Practice what you preach: Microfinance business models and operational efficiency," Research Memorandum 067, Maastricht University, Graduate School of Business and Economics (GSBE).
- Niels Hermes & Marek Hudon, 2018.
"Determinants Of The Performance Of Microfinance Institutions: A Systematic Review,"
Journal of Economic Surveys, Wiley Blackwell, vol. 32(5), pages 1483-1513, December.
- Niels Hermes & Marek Hudon, 2018. "Determinants of the Performance of Microfinance Institutions: A Systematic Review," Working Papers CEB 18-024, ULB -- Universite Libre de Bruxelles.
- Niels Hermes & Marek Hudon, 2018. "Determinants of the Performance of Microfinance Institutions: A Systematic Review," Working Papers CEB 18-024, ULB -- Universite Libre de Bruxelles.
- Hermes, Cornelis & Hudon, M., 2018. "Determinants of the Performance of Microfinance Institutions: A Systematic Review," Research Report 2018008, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
- Junyon Im & Sunny Sun, 2015. "Profits and outreach to the poor: The institutional logics of microfinance institutions," Asia Pacific Journal of Management, Springer, vol. 32(1), pages 95-117, March.
- Nyarko, Samuel Anokye, 2022. "Gender discrimination and lending to women: The moderating effect of an international founder," International Business Review, Elsevier, vol. 31(4).
- Simon Zaby, 2019. "Science Mapping of the Global Knowledge Base on Microfinance: Influential Authors and Documents, 1989–2019," Sustainability, MDPI, vol. 11(14), pages 1-21, July.
- Simon Cornée & Gervais Thenet, 2016.
"Efficience des institutions de microfinance en Bolivie et au Pérou:une approche data envelopment analysis en deux étapes,"
Revue Finance Contrôle Stratégie, revues.org, vol. 19(1), pages 65-91, March.
- Simon Cornée & Gervais Thenet, 2015. "Efficience des institutions de microfinance en Bolivie et au Pérou : une approche Data Envelopment Analysis en deux étapes," Economics Working Paper Archive (University of Rennes & University of Caen) 201516, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.
- Simon Cornée & Gervais Thenet, 2015. "Efficience des institutions de microfinance en Bolivie et au Pérou :une approche Data Envelopment Analysis en deux étapes," Working Papers CEB 15-040, ULB -- Universite Libre de Bruxelles.
- Simon Cornée & Gervais Thenet, 2016. "Efficience des institutions de microfinance en Bolivie et au Pérou : une approche data envelopment analysis en deux étapes," Post-Print halshs-01306946, HAL.
- Karel Janda & Pavel Zetek, 2015. "Mikrofinanční revoluce: kontroverze a výzvy [Microfinance Revolution: Controversies and Challenges]," Politická ekonomie, Prague University of Economics and Business, vol. 2015(1), pages 108-130.
- Bert D'Espallier & Marek Hudon & Ariane Szafarz, 2016.
"Aid Volatility and Social Performance in Microfinance,"
Working Papers CEB
16-015, ULB -- Universite Libre de Bruxelles.
- Bert D'Espallier & Marek Hudon & Ariane Szafarz, 2017. "Aid Volatility and Social Performance in Microfinance," ULB Institutional Repository 2013/239877, ULB -- Universite Libre de Bruxelles.
- Al-Azzam, Moh'd & Mimouni, Karim & Smaoui, Houcem & Temimi, Akram, 2022. "Subsidies vs. deposits and cost inefficiency in microfinance," Journal of Economic Behavior & Organization, Elsevier, vol. 198(C), pages 212-235.
- Eline Auwera & Bert D’Espallier & Roy Mersland, 2024. "Achieving Double Bottom-Line Performance in Hybrid Organisations: A Machine-Learning Approach," Journal of Business Ethics, Springer, vol. 190(3), pages 625-647, March.
- Sommeno, Tigist Woldetsadik & Mersland, Roy & Randøy, Trond, 2024. "The impact of liability of foreignness on performance in hybrid organizations," Journal of International Management, Elsevier, vol. 30(2).
- Lucia Dalla Pellegrina & Damla Diriker & Paolo Landoni & Davide Moro & Mahinda Wijesiri, 2024. "Financial and social sustainability in the European microfinance sector," Small Business Economics, Springer, vol. 63(3), pages 1249-1292, October.
- Moez Bennouri & Anastasia Cozarenco & Samuel Anokye Nyarko, 2024. "Women on Boards and Performance Trade-offs in Social Enterprises: Insights from Microfinance," Journal of Business Ethics, Springer, vol. 190(1), pages 165-198, February.
- Ahmad, Syedah & Lensink, Robert & Mueller, Annika, 2020. "The double bottom line of microfinance: A global comparison between conventional and Islamic microfinance," World Development, Elsevier, vol. 136(C).
- A. Blanco-Oliver & A. Irimia-Diéguez, 2021. "Impact of outreach on financial performance of microfinance institutions: a moderated mediation model of productivity, loan portfolio quality, and profit status," Review of Managerial Science, Springer, vol. 15(3), pages 633-668, April.
- Wry, Tyler & Haugh, Helen, 2018. "Brace for impact: Uniting our diverse voices through a social impact frame," Journal of Business Venturing, Elsevier, vol. 33(5), pages 566-574.
More about this item
Keywords
organization theory; institutional theory; social enterprise; microfinance;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ororsc:v:29:y:2018:i:3:p:507-528. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.