Finance and social responsibility in the informal economy: Institutional voids, globalization and microfinance institutions

• Main Authors: LIANG, Hao, MARQUIS, Chris, SUN, Sunny Li
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2014
• Subjects: entrepreneurship; microfinance; economic globalization; social globalization; nonprofit organizations; Finance; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/5408; https://ink.library.smu.edu.sg/context/lkcsb_research/article/6407/viewcontent/SSRN_id2512211.pdf
• Institution: Singapore Management University

We examine how different types of country-level globalization and the industry structure of microfinance institutions (MFIs) affect organization-level microcredit interest rates which crucially affect the poor's entrepreneurial opportunities. We develop an opportunity structure perspective that...