We examine the heterogeneous effects of globalization on the interest rate setting by microfinance institutions (MFIs) around the world. We consider MFIs as a mechanism to overcome the institutional void of credit for small entrepreneurs in developing and emerging economies. Using a large global...

Microfinance is a social innovation to alleviate poverty by providing small unsecured loans to local entrepreneurs and the poor. Many borrowers use the microfinance loans to seed their small entrepreneurial businesses. However, the high interest rates charged by the microfinance institutions...

How can venture capital (VC) firms transform a weak innovation ecosystem into a productive and robust one? While the literature has found VC firms' catalyst role in innovation in developed markets, we know little about whether and how they affect innovation in an emerging market, where formal...

This study conceptualizes the novel concept of generative capability, a unique capability by which firms organize experiential learning activities to achieve fast and iterative innovation. Employing a mixed-method research design, we first explored the theoretical framework of generative...

With the current rise of multinational enterprises (MNEs) from emerging economies (EE), more attention is now being directed to EE MNEs and what drives the internationalization of these companies. In this article we aim to provide more insights into the strategies and development of EE MNEs by...