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 …

Immigrants are widely perceived as being highly entrepreneurial and important for economic growth and innovation. This … attempt to attract immigrant entrepreneurs. Not surprisingly, a large body of research on immigrant entrepreneurship has … fundamental immigrant entrepreneurship issues as well as the empirical methods and data used. The main themes we address are …

various links between urban cultural diversity and innovation, at individual, firm and urban level. This paper uses a sample …

information on revenues, product and process innovation. I then regress these measures of business performance on top team … between diversity and business performance, which is net positive for process innovation and net negative for turnover …

cultural diversity, innovation, entrepreneurship, and sales strategies in London businesses between 2005 and 2007. London is … entrepreneurship. Overall, the results provide some support for claims that diversity is an economic asset, as well as a social benefit. …

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 …