microfinance borrowers. The paper posits that social capital - social relations that facilitate individual action – is essential …

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 …