Focusing on impact-oriented strategies, we study a resource-based paradox rooted in a trade-off between effectiveness and inclusiveness. Using a unique dataset of 6,000 microcredit loan applications received by an impact-oriented microfinance firm, we study the role of three resource types:...

The spread of investments by sovereign wealth funds (SWFs) around the world has raised questions about what determines their location choices. We argue that SWFs, like multinational companies, consider a host of cross-country distance factors to guide their location decisions and that the effect...