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 …

compare the performance of organisational forms (M-form and U-form) in implementing changes such as innovation and reform. In … more innovation and reform. The theory is illustrated by the organisational differences between China and the former Soviet …

effect on technology transfer (catching up with the technological frontier) as well as innovation (pushing the frontier …

A simple model of process innovation is proposed, where firms learn about their ideal production process by making …

This paper examines the relative influence of domestic and foreign renewable energy policies on innovation activity in … new capacities by increasing their innovation effort. However, the effect on innovation of the marginal wind turbine …

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

incentives and (b) innovation effects of the proposed remedy. We discuss the economic basis for the Commission’s claims that … and argue that the effects on innovation are not unambiguously negative as Microsoft claim. We conclude with some general … implications of the case for anti-trust enforcement in high innovation sectors. …