A Research Agenda for Financial Inclusion and Microfinance
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A Research Agenda for Financial Inclusion and Microfinance

Edited by Marek Hudon, Marc Labie and Ariane Szafarz

How can financial services, such as credit, deposit accounts, financial transfers, and insurance be provided to people in need? This challenging and complex issue has been a topic of interest for the international aid community for decades. Drawing on renowned experts in microfinance and financial inclusion, this Research Agenda sheds much-needed light on this multifaceted challenge and points the way ahead for future research.
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Chapter 2: Microfinance and management theory

Brian Hathaway and Tyler Wry

Abstract

A vibrant line of research on microfinance has emerged at the intersection of management and organization theory. This research broadly addresses two sets of questions: first, what types of challenges and opportunities emerge from the combination of financial and social goals that microfinance exemplifies? And second, how does the “macro” embeddedness of such “social enterprises” shape and constrain their behavior as they craft responses to these pressures? As one of the most pervasive and controversial forms of social enterprise, microfinance has been eagerly studied and serves as the empirical setting for many of the most influential pieces on social enterprise in the management literature.

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