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Dangers of a Double-Bottom Line : A Poverty Targeting Experiment Misses Both Targets
Karlan, Dean - 2018
Two for-profit Philippine social enterprises, aiming to demonstrate corporate social responsibility by increasing microlending to the poor, incorporated a widely-used poverty measurement tool into their loan applications and tested the tool using randomized training content. Treated loan...
Persistent link: https://www.econbiz.de/10012453335
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Comparing Hospital Quality at For-Profit and Not-for-Profit Hospitals
McClellan, Mark - 1999
Do not-for-profit hospitals provide better care than for-profit hospitals? We compare patient outcomes in for-profit and not-for-profit hospitals between 1984 and 1994 using a new method for estimating differences across hospitals that yields far more accurate estimates of hospital quality than...
Persistent link: https://www.econbiz.de/10012471460
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What Purpose Do Corporations Purport? Evidence from Letters to Shareholders
Rajan, Raghuram Govind; Ramella, Pietro; Zingales, Luigi - National Bureau of Economic Research - 2023
focusing on shareholder interests while incorporating stakeholder interests as interim goals. Goals also do seem to be …
Persistent link: https://www.econbiz.de/10014247976
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Unlocking the Benefits of Credit through Saving
Mukherjee, Sanghamitra W.; Bergquist, Lauren Falcao; … - National Bureau of Economic Research - 2021
Access to microcredit has been shown to generate only modest average benefits for recipient households. We study whether other financial market frictions--in particular, lack of access to a safe place to save--might limit credit's benefits. Working with Kenyan farmers, we cross-randomize access...
Persistent link: https://www.econbiz.de/10012794570
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Implicit and Explicit Commitment in Credit and Saving Contracts : A Field Experiment
Afzal, Uzma - 2019
microfinance institution. We offer a commitment contract inspired by the rotating structure of a ROSCA. Additional treatments test …
Persistent link: https://www.econbiz.de/10012479752
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Can Microfinance Unlock a Poverty Trap for Some Entrepreneurs?
Banerjee, Abhijit - 2019
, India, we find that "gung ho entrepreneurs" (GEs), households who were already running a business before microfinance …
Persistent link: https://www.econbiz.de/10012480290
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Investing Outside the Box : Evidence from Alternative Vehicles in Private Capital
Lerner, Josh - 2018
This paper undertakes a comprehensive analysis of alternative investment vehicles in private equity, using unexplored custodial data about 112 limited partners over four decades. We differentiate between alternative vehicles that are GP-directed versus those where the LP has some discretion. Of...
Persistent link: https://www.econbiz.de/10012480595
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Social Finance
Kuchler, Theresa - 2020
We review an empirical literature that studies the role of social interactions in driving economic and financial decision making. We first summarize recent work that documents an important role of social interactions in explaining household decisions in housing and mortgage markets. This...
Persistent link: https://www.econbiz.de/10012482193
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Learning to Navigate a New Financial Technology : Evidence from Payroll Accounts
Breza, Emily - 2020
How do inexperienced consumers learn to use a new financial technology? We present results from a field experiment that introduced payroll accounts in a population of largely unbanked factory workers in Bangladesh. In the experiment, workers in a treatment group received monthly wage payments...
Persistent link: https://www.econbiz.de/10012482467
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Changes in Social Network Structure in Response to Exposure to Formal Credit Markets
Banerjee, Abhijit V.; Breza, Emily; Chandrasekhar, Arun G. - National Bureau of Economic Research - 2021
networks. We first study 75 villages in Karnataka, 43 of which were exposed to microfinance after we first collected detailed … microfinance are at least as likely to disappear as links involving likely borrowers. We replicate these surprising findings in the … context of a randomized controlled trial in Hyderabad, where a microfinance institution randomly selected neighborhoods to …
Persistent link: https://www.econbiz.de/10012482583