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Institutionalizing Ethics In Institutional Voids: Building Positive Ethical Strength To Serve Women Microfinance Borrowers In Negative Contexts, Subrata Chakrabarty, A E. Bass Dec 2013

Institutionalizing Ethics In Institutional Voids: Building Positive Ethical Strength To Serve Women Microfinance Borrowers In Negative Contexts, Subrata Chakrabarty, A E. Bass

Subrata Chakrabarty

This study examines whether microfinance institutions (MFIs) that serve women borrowers at the base of the economic pyramid are likely to adopt a written code of positive organizational ethics (POE). Using econometric analysis of operational and economic data of a sample of MFIs from across the world, we find that two contextual factors —poverty level and lack of women's empowerment— moderate the influence of an MFI's percentage of women borrowers on the probability of the MFI having a POE code. MFIs that serve more women borrowers are more likely to adopt a POE code, especially in negative contexts (where women …


Corporate Governance In Microfinance Institutions: Board Composition And The Ability To Face Institutional Voids, Subrata Chakrabarty, A E. Bass Dec 2013

Corporate Governance In Microfinance Institutions: Board Composition And The Ability To Face Institutional Voids, Subrata Chakrabarty, A E. Bass

Subrata Chakrabarty

Research Question/Issue: We utilize institutional theory to examine corporate governance in microfinance institutions (MFIs). Many MFIs operate at the bottom of the economic pyramid (BOP), which is usually agrarian, impoverished, and plagued with institutional voids. We investigate the link between the composition of the boards of MFIs and the ability of the MFIs to face institutional voids to ensure organizational viability. 
Research Findings/Insights: We find that MFIs with boards that have more socio-economic expertise and female representation are better able to lower the MFI’s costs of operating at the BOP. However, this relationship weakens when the effectiveness of agrarian institutions …


Resource Security: Competition For Global Resources, Strategic Intent, And Governments As Owners, A E. Bass, Subrata Chakrabarty Dec 2013

Resource Security: Competition For Global Resources, Strategic Intent, And Governments As Owners, A E. Bass, Subrata Chakrabarty

Subrata Chakrabarty

We develop a resource security theory by examining the intent of acquisitions of scarce resources by multinational firms. Results suggest that owners of firms can shape the intent of resource acquisitions. Specifically, state-owned enterprises (SOEs) tend to acquire and pay more for resources for exploration rather than exploitation. This is because SOEs’ owners —governments— are most concerned with securing their country’s future. We contribute to the literature by suggesting that ownership influences resource acquisitions, that resource security is of importance to multinational enterprises, and that SOEs invest abroad to safeguard both their own and their home countries’ future.

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