Modern Microfinance: A Field in Flux

Sabin, Nicholas

doi:10.2139/ssrn.2632853

Cited by 5 publications

(5 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Grameen Bank, established in 1983, is the leading advocate of poverty alleviation, or the social welfarist approach, i.e. it seeks to eradicate poverty by targeting the poor, even though it was designed to run on commercially viable terms (Sabin, 2016; Sarker, 2001).…”

Section: Literature Reviewmentioning

confidence: 99%

Performance measurement in Islamic microfinance institutions: does it change social norms and values?

Zalim

2021

QRFM

View full text Add to dashboard Cite

Purpose The purpose of this paper is to examine the influence of financial performance measures on the social norms and values of an Islamic microfinance institution (IMFI), and the actions taken by the organisational members to maintain these values in their organisation. Design/methodology/approach A qualitative case study of an NGO-based IMFI in Malaysia was undertaken, with interviews conducted with officers and managers at various organisational levels of the IMFI. Insights gained from institutional work and institutional logic were used to theorise the findings. Findings The IMFI used mainly financial measures to manage its performance, which were interlinked with the commercialisation approach in the industry, and the top management’s focus on the financial sustainability of the organisation. The lack of social goals and the use of reward-based financial measures did not weaken the solidified social values at the operational level, due to the independence of the operational units, the compartmentalisation of profit-making activities and the institutional work of the operational managers. The operational managers acted as carriers of this social logic. Religious values formed the pillar of the permanence of social values in the IMFI. Originality/value This study provides insights into the internal practices of IMFIs, and the role of religious values in the permanence of social logic in the context of an NGO-based IMFI. The lack of measurable social goals, as well as their rewards, does not compromise the focus on poverty alleviation and community development in view of the intrinsic rewards and accountability of the operational managers.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Performance measurement in Islamic microfinance institutions: does it change social norms and values?

Zalim

2021

QRFM

View full text Add to dashboard Cite

show abstract

“…Microfinance has been an alternative source of finance for entrepreneurs, especially for women in emerging countries. While originally only NGOs provided microfinance services, currently commercial banks, state-run banks, nonbank financial institutions, and NGOs provide microfinance services (Sabin, 2016). As the sources for the financial resources continue to grow, EO will flourish in a country.…”

Section: Resource Endowment and Eomentioning

confidence: 99%

A dynamic relationship between entrepreneurial orientation and entrepreneurial activity

Chowdhury

Audretsch

2021

J Int Entrep

View full text Add to dashboard Cite

Policymakers have shown an interest in adopting policies that promote entrepreneurial activity. Yet, one of the major questions that remain unanswered in the entrepreneurship literature is why entrepreneurial activity varies across countries. In this paper, we take an indepth look at the dynamic relationship between the institutional environment in developing countries, resource availability and EO. We propose that despite changes in the economic wealth of a country, an entrepreneur's past experience influences risk-taking, innovativeness, and proactive behavior. Additionally, the resource endowment of an individual is a better instrument for EO in the changing environment. LIMITATIONS AND FUTURE RESEARCHDIRECTIONS: This article is a conceptual paper. Future empirical research can build on the theoretical arguments presented in this paper. Future research can distinguish in the greater nuanced relationship among EO, entrepreneurs age, and institutional environment. PRACTICAL IMPLICATIONS AND RECOMMENDATIONS: Policymakers have shown an interest in adopting policies that promote entrepreneurial activity. Establishing supportive programs can help entrepreneurs based on their needs such as age, experience, education level, etc.

show abstract

“…For some contributors, for example, the rise of impact investment provokes a post-hoc rationalization of longer-standing microfinance programmes in the Global South as social finance markets (e.g. Sabin, 2015). For others, impact investment prompts reflections on whether certain 'fintech' industries such as crowdfunding might actually be better thought of as social finance markets (e.g.…”

Section: Social Finance Marketsmentioning

confidence: 99%

The folds of social finance: Making markets, remaking the social

Langley

2018

Environ Plan A

View full text Add to dashboard Cite

The global financial crisis acted as a spur to ‘social finance’, a loose grouping of markets demarcated on the grounds of their ostensible social purpose. This article’s critical analysis of social finance contributes to cultural economy research into marketization processes in economic geography and allied fields. First, responding to calls for greater attention to be given to heterogeneous and variegated market-making processes ‘on the ground’, social finance is analysed as a relatively discrete and hybrid modality of marketization that makes possible the valuation and capitalization of the social economy to address collective social problems. Second, moving beyond topographical accounts that understand geographies of marketization as ‘taking place’ through the outward expansion of the market’s imagined boundaries, Gilles Deleuze’s concept of ‘the fold’ is elaborated upon to develop a topological analysis of the spatial constitution of social finance markets. The folds of social finance are seams of inflection, entanglements where the social utility typically lacking from mainstream finance is variously spliced and stitched into marketization processes. In social finance markets-in-the-making, ‘the social’ is also shown to be remade as an array of thoroughly liberal associations and subjectivities that are, at once, pluralist, ethical and entrepreneurial.

show abstract

Modern Microfinance: A Field in Flux

Cited by 5 publications

References 0 publications

Performance measurement in Islamic microfinance institutions: does it change social norms and values?

Performance measurement in Islamic microfinance institutions: does it change social norms and values?

A dynamic relationship between entrepreneurial orientation and entrepreneurial activity

The folds of social finance: Making markets, remaking the social

Contact Info

Product

Resources

About