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首页> 外文期刊>Strategic Management Journal >THE INSTITUTIONAL CONTEXT OF POVERTY: STATE FRAGILITY AS A PREDICTOR OF CROSS-NATIONAL VARIATION IN COMMERCIAL MICROFINANCE LENDING
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THE INSTITUTIONAL CONTEXT OF POVERTY: STATE FRAGILITY AS A PREDICTOR OF CROSS-NATIONAL VARIATION IN COMMERCIAL MICROFINANCE LENDING

机译:贫困的制度背景:商业脆弱性贷款中国家脆弱性作为跨国变化的预测指标

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摘要

We examine cross-national variation in the global growth of commercial microfinance from 1998 to 2009 as a natural experiment to analyze the role of national institutions in shaping the ability of commercial enterprises to reach the global poor. Our results demonstrate that a country's level of state fragility represents an important institutional context of poverty that explains significant cross-national variation in the commercial microfinance industry's ability to grow its client base, control costs, and attract commercial capital. Moreover, we find that commercial microfinance lenders have experienced greater difficulty than nonprofit lenders in growing their client base in more fragile state settings. Our results support the proposition that the state shapes both institutional hazards and opportunities for business-led efforts to combat global poverty.
机译:我们考察了1998年至2009年全球小额信贷全球增长中的跨国差异,以此作为自然实验,分析了国家机构在塑造商业企业接触全球贫困人口的能力方面的作用。我们的结果表明,一个国家的国家脆弱性水平代表着贫穷的重要制度背景,这说明了商业小额信贷行业发展其客户基础,控制成本和吸引商业资本的能力存在重大的跨国差异。此外,我们发现,在非常脆弱的州环境中,商业小额信贷放贷人在扩大客户群方面比非营利放贷人面临更大的困难。我们的结果支持以下论点:国家既塑造制度风险,又以企业为主导的努力来与全球贫困作斗争。

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