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 …

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. …

creativity. Markets for intellectual assets protected by IP rights can produce too much or too little innovation. …

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 …