Few microfinance-funded businesses grow beyond subsistence entrepreneurship. This paper considers one possible … explanation: that the structure of existing microfinance contracts may discourage risky but high-expected return investments. To … microfinance institution in India. The experiments confirm the theoretical predictions that joint liability creates two …

This paper analyzes the theoretical underpinnings of high-frequency repayment, a feature in nearly all microfinance …

shed light on an apparent shift away from joint liability lending towards individual liability lending by some microfinance …

Motivated by recent controversies surrounding the role of commercial lenders in microfinance, we analyze borrower …

that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … innovative activity. While overoptimism leads to an innovation enhancing effect, judgmental overconfidence inhibits innovation …. Our results indicate that future research is well advised to take into account that the relationship between innovation …

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …

Social networks matter in the innovation processes of young and small firms, since ‘innovation does not exist in a … vacuum (Van De Ven, 1986: 601).’ The contacts a firm has could both generate advantages for further innovation and growth … to either the internal sources or the external contacts to trigger innovation. And when a conclusive study has been …

The knowledge spillover theory of entrepreneurship seeks to explain the sources of entrepreneurship and its … consequences with regard to economic performance. This paper extends this theory and links it to innovation performance. We propose … that a high rate of entrepreneurship facilitates the process of turning knowledge into innovative products while it has no …

In an attempt at a systematic theory of entrepreneurship, this paper connects various literatures, from economics and … business. In economics, there are many notions of entrepreneurship, some of which seem to contradict each other. For example …, there are notions of entrepreneurship as an equilibrating and as a disequilibrating force. In this paper, these differences …