WHEN INSTITUTIONAL CHANGE OUTRUNS THE CHANGE AGENT: THE CONTESTED TERRAIN OF ENTREPRENEURIAL MICROFINANCE FOR THOSE IN POVERTY (SUMMARY)

By Susanna Khavul, Helmuth Chávez, Garry D. Bruton. 2012

205 citations recorded by the source corpus.

We argue that institutional change moves through stages punctuated by recurring attempts to formally redefine the boundaries and logics of organizational fields that institutional entrepreneurs initially establish. With a grounded theory model, we demonstrate that institutional change in microfinance started with dominant development logic, shifted to market logic, and got stuck in a conflict over regulatory logic. We show how the role of the entrepreneur can change markedly over time while the institutional change process continues unabated. We present institutional entrepreneurship as an evolving phenomenon and suggest that the interplay between institutional entrepreneurs and established organizational fields is highly nuanced.

Subfields: Business and International Management, Economics and Econometrics, Management Information Systems

View Paper: https://www.semanticscholar.org/paper/249f267ddd6e37ff71b159c12992c3c4912b4fe7

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In Business and International Management

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Citations in the corpus

Toward a theory of transformative entrepreneuring: Poverty reduction and conflict resolution in Rwanda's entrepreneurial coffee sector (2013, background): “…some of these underlying dynamics and have shown how entrepreneurship affects and is affected by community structures (Peredo and Chrisman, 2006) and can alter local institutional arrangements which in turn can spur economic development (Khavul et al, 2013; Mair et al , 2012; Marti et al, 2013).”
Crowdfunding in a Prosocial Microlending Environment: Examining the Role of Intrinsic versus Extrinsic Cues (2015, background): “For example, scholars have recently examined microlending at the industry level in terms of how the overall industry’s institutional logic has shifted from a development-based logic to a relatively more market-based logic (Khavul et al., 2013).”
The evolution and adoption of equity crowdfunding: entrepreneur and investor entry into a new market (2018, unknown): “9 Interviews were transcribed, analysed and shared electronically; such approaches have been usefully employed in studies of similar phenomenon includingmicrofinancing (Bruton et al. 2011; Khavul et al. 2013).”
Social mission as competitive advantage: A configurational analysis of the strategic conditions of social entrepreneurship (2019, background): “Therefore, as social entrepreneurs also often operate in highly competitive environments, such organizations can be pushed toward focusing on the financial objectives of the venture (Khavul et al., 2013).”
Developing entrepreneurship in Africa: investigating critical resource challenges (2017, background): “The three institutional dimensions – regulatory, normative and cognitive – should be active and effective to provide the required support for entrepreneurs to thrive (Khavul et al., 2013).”
How does microfinance enhance entrepreneurial outcomes in emerging economies? The mediating mechanisms of psychological and social capital (2014, background): “Having studied microfinance in emerging economies for several years, we acknowledge the challenges of collecting reliable data among low-income clients in the poor, often remote or chaotic environments highlighted by microfinance scholars (Khavul et al., 2013).”
IS MICROCREDIT A BLESSING FOR THE POOR? A META-ANALYSIS (2015, background): “Because other potential lenders are either not willing to serve this group of customers (Khavul et al., 2012) or they charge high interest rates (Yunus, 1998), MC institutions are often the only source of viable funding.”
The Transformation of the Innovation Process: How Digital Tools are Changing Work, Collaboration, and Organizations in New Product Development* (2020, unknown): “Grounded theory has been used extensively within qualitative research focused on entrepreneurship and innovation (Grodal, 2018; Khavul, Chavez, and Bruton, 2013; Lee, 1999; Marion, Eddleston, Friar, and Deeds, 2015a).”