The organizational flexibility finds a substantial place in the literature; however, limited
evidence of its institutionalization by managers is noticed. This paper analyzes the …

A widely held view is that small firms in developing countries are prevented from making
profitable investments by lack of access to credit and insurance markets. One solution is to …

Microfinance contracts typically require a fixed repayment schedule that, while ensuring
repayment discipline, may inhibit entrepreneurship and business growth. In this article, I …

Can financial innovations be offered in the presence of information frictions without
increasing credit risk? We address this question through a randomized experiment with 799 …

This article provides an overview of literature related to capital structure theories for
entrepreneurial firms. It identifies gaps and controversial areas in existing literature and also …

This paper lays out some of the basic concepts surrounding financial inclusion, including
access to banking, digital payments and financial literacy, as well as markets for health …

Climate change is increasing the frequency of extreme weather events, with low‐income
countries being disproportionately impacted. However, these countries often face market …

Repayment flexibility in microfinance contracts can enable clients to undertake higher return
projects that have irregular payment streams. But there is the risk of increased default due to …

In the absence of insurance markets, theory suggests that households can use credit to
protect themselves against adverse income shocks. However, in many developing countries …

A significant proportion of the world's population has no access to grid-based electricity and
so relies on off-grid lighting solutions. Rechargeable lamp technology is gaining popularity …