Abraham, R., Kast, F., & Pomeranz, D. 2011. Insurance through savings accounts: Evidence from a randomized field experiment among low income micro-entrepreneurs in Chile. Working paper, Harvard Business School.
Achen, C., & Snidal, D. 1989. Rational deterrence theory and comparative case studies. World Politics, 41(2): 143–169.
Amsden, A. H. 1992. Asia’s next giant: South Korea and late industrialization. Oxford: Oxford University Press.
Armendáriz, B., & Morduch, J. 2010. The economics of microfinance. Cambridge, MA: MIT Press.
Arnold, D. G. 2013. Global justice and international business. Business Ethics Quarterly, 23(1): 125–143.
Arnold, D. G., & Valentin, A. 2013. Corporate social responsibility at the base of the pyramid. Journal of Business Research, 66(10), 1904–1914.
Banerjee, A., Karlan, D., & Zinman, J. 2015. Six randomized evaluations of microcredit: Introduction and further steps. American Economic Journal: Applied Economics, 7(1): 1–21.
Barone, F. M., Lima, P. F., Dantas, V., & Rezende, V. 2002. Introdução ao Microcrédito. Brazil: Conselho da Comuniade Solidária.
Basu, K., & Palazzo, G. 2008. Corporate social responsibility: A process model of sensemaking. Academy of Management Review, 33(1): 122–136.
Bateman, M. 2010. Why doesn’t microfinance work? The destructive rise of local neoliberalism. London: Zed Books.
Biswas, S. 2013. India’s microfinance suicide epidemic.
, December 16.
Boatright, J. R. 2014. Ethics in finance. Sussex, UK: Wiley Blackwell.
Brune, L., Giné, X., Goldberg, J., & Yang, D. 2011. Commitments to save a field experiment in rural Malawi. Policy Research Working Paper No. 5748. Washington, DC: World Bank.
Buchholz, R., & Rosenthal, S. 2004. Stakeholder theory and public policy: How governments matter. Journal of Business Ethics, 51: 142–153.
Burawoy, M. 1991. Ethnography unbound: Power and resistance in the modern metropolis. Berkeley: University of California Press.
Christen, R., & Rosenberg, R. 2000. The rush to regulate: Legal frameworks for microfinance.
, No. 4. Washington, DC: CGAP.
Chu, M. 2007. Profit and poverty: Why it matters.
, December 20.
Copestake, J. 2002. Inequality and the polarizing impact of microfinance: Evidence from Zambia’s Copperbelt. Journal of International Development, 14(6): 743–755.
Cull, R., Demiguç-Kunt, A., & Morduch, J. 2011. Microfinance trade-offs: Regulation, competition and financing. In Armendáriz, B. & Labie, M. (Eds.), The handbook of microfinance. Hackensack, NJ: World Scientific Publishing Company.
Deutsche Bank. 2012. Microfinance in evolution.
, September 13.
DiMaggio, P., & Powell, W. W. 1983. The iron cage revisited: Collective rationality and institutional isomorphism in organizational fields. American Sociological Review, 48(2), 147–160.
Donaldson, T., & Preston, L. 1995. The stakeholder theory of the corporation: Concepts, evidence, and implications. Academy of Management Review, 20: 65–91.
Dupas, P., & Robinson, J. 2010. Savings constraints and microenterprise development: Evidence from a field experiment in Kenya. Working Paper Series No. 111. Washington, DC: IPC.
. 2014. RBI removes 26% interest rate cap on MFI loans. February 8.
Elms, H., & Westermann-Behaylo, M. 2012. Corporate social responsibility. In Baker, H. K. & Nofsinger, J. R. (Eds.), Socially responsible finance and investing: Financial institutions, corporations, investors, and activists: 39–54. Hoboken, NJ: John Wiley & Sons.
Elms, H., & Phillips, R. A. 2009. Private security companies and institutional legitimacy: Corporate and stakeholder responsibility. Business Ethics Quarterly, 19(03): 403–432.
Evans, P. B., Rueschemeyer, D., & Skocpol, T. 1985. Bringing the state back in. Cambridge, MA: Cambridge University Press.
Flores, L. 2000. La banca social no es solución contra la pobreza: BID.
, August 8.
Franco, A. 2002. Comunidade solidária: Fortalecendo a sociedade, promovendo o desenvolvimento. Rio de Janeiro, Brazil: Comunitas.
Freeman, R. E. 1984. Strategic management: A stakeholder approach. United Kingdom: Pitman Press.
Freeman, R. E. 1994. The politics of stakeholder theory: Some future directions. Business Ethics Quarterly, 4(4): 409–21.
Freeman, R. E., Harrison, J. S., Wicks, A. C., Parmar, B. L., & de Colle, S. 2010. Stakeholder theory: The state of the art. Cambridge, MA: Cambridge University Press.
Gerschenkron, A. 1962. Economic backwardness in historical perspective. Cambridge, MA: Belknap Press.
Ghate, P. 2007. Indian microfinance: The challenges of rapid growth. Los Angeles: Sage Publications.
Ghosh, S., & Van Tassel, E. 2008.
A model of mission drift in microfinance institutions
. Department of Economics, Florida Atlantic University.
Helms, B., & Reille, X. 2004. Interest rate ceilings and microfinance: The story so far. Occasional Paper, No. 9. Washington, DC: CGAP.
Helms, B. 2006. Access for all: Building inclusive financial systems. Washington, DC: CGAP.
Herbst, J. 1989. The creation and maintenance of national boundaries in Africa. International Organization, 43(04): 673–692.
Hermes, N., & Lensink, R. 2011. Microfinance: Its impact, outreach, and sustainability. World Development, 39(6): 875–881.
Hill, C., & Jones, T. M. 1992. Stakeholder-agency theory. Journal of Management Studies, 29: 131–154.
Hirschman, A. O. 1958. The strategy of economic development (Vol. 10). New Haven: Yale University Press.
Honig, B. 1993. Political theory and the displacement of politics. Ithaca, NY: Cornell University Press.
Hudon, M., & Sandberg, J. 2013. The ethical crisis in microfinance. Business Ethics Quarterly, 23(4): 561–589.
Hulme, D., & Arun, T. 2011.
What’s wrong and right with microfinance—missing an angle on responsible finance?
Working paper. Brooks World Poverty Institute.
Karlan, D., & Zinman, J. 2010. Expanding microenterprise credit access: Using randomized supply decisions to estimate the impacts in Manila. The Review of Financial Studies, 23: 433–464.
Kashyap, A., & Gangadharan, R. 2011. RBI sets 26 pct cap on microfinance loans.
, May 3.
Kaur, P. 2014. Outreach and sustainability of microfinance institutions in India in pre and post Andhra Pradesh microfinance crisis in context of South Asia. Global Journal of Finance and Management, 6(6), 569–574.
Kneiding, C., & Rosenberg, R. 2008. Variations in microcredit interest rates. Washington, DC: CGAP.
Kolk, A., Rivera-Santos, M., & Rufín, C. 2013. Reviewing a decade of research on the “base/bottom of the pyramid” (BOP) concept. Business & Society, 53(3): 338–377.
Kumar, A. 2005. Access to financial services in Brazil. Washington, DC: World Bank.
Ledgerwood, J. 1998. Microfinance handbook: An institutional and financial perspective. Washington DC: World Bank.
Levi, M. 1989. Of rule and revenue. Berkeley: University of California Press.
Lewin, A.Y., Long, C. P., & Carroll, T. N. 1999. The coevolution of new organizational forms. Organization Science, 10(5): 535–550.
MacFarquhar, N. 2010. Banks making big profits from tiny loans.
The New York Times
, April 13.
Mader, P. 2013. Rise and fall of microfinance in India: The Andhra Pradesh crisis in perspective. Strategic Change, 22(1-2): 47–66.
March, J. 1962. The business firm as a political coalition. The Journal of Politics
Marulanda, C. 2011. Microfinanzas en México: Estudio., No. 61538. Inter-American Development Bank. Washington DC: Inter-American Development Bank.
Meagher, P., Campos, P., Christen, R. P., Druschel, K., Gallardo, J., & Martowijoyo, S. 2006. Microfinance regulation in seven countries: A comparative study. Report from IRIS. College Park, MD: University of Maryland.
Mersland, R., & Strøm, R. O. 2010. Microfinance mission drift?
World Development, 38: 28–36.
Migdal, J. S. 2001. State in society: Studying how states and societies transform and constitute one another. Cambridge, MA: Cambridge University Press.
Migdal, J. S., Kohli, A., & Shue, V. 1994. State power and social forces: Domination and transformation in the Third World. Cambridge, MA: Cambridge University Press.
Mitchell, R. K., Agle, B. R., & Wood, D. J. 1997. Toward a theory of stakeholder identification and salience: Defining the principle of who and what really counts. Academy of Management Review, 22: 853–886.
Morduch, J. 2000. The microfinance schism. World Development, 28(4), 617–629.
Mouffe, C. 2000. The democratic paradox. Brooklyn: Verso Books.
North, D. C. 1990. Institutions, institutional change and economic performance. Cambridge, MA: Cambridge University Press.
Olsen, T. D. 2010. New actors in microfinance lending: The role of regulation and competition in Latin America. Perspectives on Global Development and Technology, 9: 500–519.
Olsen, T. D. Forthcoming. Rethinking collective action: The co-evolution of the state and institutional entrepreneurs in emerging economies.
Orts, E. W. 1992. Beyond shareholders: Interpreting corporate constituency statutes. George Washington Law Review, 61: 14–135.
Phillips, R. A. 2003a. Stakeholder legitimacy. Business Ethics Quarterly
Phillips, R. A. 2003b. Stakeholder theory and organizational ethics. San Francisco, CA: Berrett Koehler Publishers, Inc.
Phillips, R. A., Berman, S. L., Elms, H., & Johnson-Cramer, M. E. 2011. Stakeholder orientation, managerial discretion and nexus rents. In Phillips, R. A. (Ed.), Stakeholder theory: Impacts and prospects: 163–192. Cheltenham, UK: Edward Elgar Publishing.
Phillips, R., Freeman, R. E., & Wicks, A. C. 2003. What stakeholder theory is not. Business Ethics Quarterly, 13(4): 479–502.
Polanyi, K. 1944. The great transformation. New York: Rinehart.
Porter, T. B. 2006. Coevolution as a research framework for organizations and the natural environment. Organization & Environment, 19(4): 479–504.
Prahalad, C. K. 2004. The fortune at the bottom of the pyramid: Eradicating poverty through profits. Philadelphia: Wharton School Publishing.
Reddy, A. A., & Malik, D. P. 2011. A review of SHG-Bank linkage programme in India. Indian Journal of Industrial Economics and Development, 7: 1–10.
Rhyne, E., & Guimon, A. 2007. The Banco Compartamos initial public offering. Accion Insight, 23: 1–20.
Rhyne, E. 2001. Mainstreaming microfinance: How lending to the poor began, grew, and came of age in Bolivia. Bloomfield, CT: Kumarian Press.
Roodman, D. 2012. Due diligence: An impertinent inquiry into microfinance. Washington, DC: Center for Global Development.
Rosenberg, R. 2007. CGAP reflections on the compartamos initial public offering: A case study on microfinance interest rates and profits. Washington, DC: CGAP.
Rosenberg, R., Gonzalez, A., & Narain, S. 2009. The new moneylenders: Are the poor being exploited by high microcredit interest rates?
Occasional Paper, Vol. 15. Washington, DC: CGAP.
Rutherford, S. 1999. The poor and their money: An essay about financial services for the poor. .
Scherer, A. G., & Palazzo, G. 2007. Toward a political conception of corporate responsibility: Business and society seen from a Habermasian perspective. Academy of Management Review, 32(4): 1096–1120.
Scherer, A. G., & Palazzo, G. G. 2011. The new political role of business in a globalized world: A review of a new perspective on CSR and its implications for the firm, governance, and democracy. Journal of Management Studies, 48(4): 899–931.
Sen, A. 1999. Development as freedom. Oxford: Oxford University Press.
Skocpol, T. 1979. States and social revolutions: A comparative analysis of France, Russia and China. Cambridge, MA: Cambridge University Press.
Srinivasan, Narayanan. 2012. Microfinance India: State of the sector report 2011. New Delhi: SAGE Publications India.
Starik, M. 1994. Management and the natural environment. Orlando, FL: Dryden Press.
Stiglitz, J. E. 1989. Financial markets and development. Oxford Review of Economic Policy, 55–68.
Suchman, M. C. 1995. Managing legitimacy: Strategic and institutional approaches. Academy of Management Review, 20(3): 571–610.
Tashman, P., & Raelin, J. 2013. Who and what really matters to the firm. Business Ethics Quarterly
Tchakoute–Tchuigoua, H. 2010. Is there a difference in performance by the legal status of microfinance institutions?
The Quarterly Review of Economics and Finance
Thirani, N. 2012. ‘Yunus was right,’ SKS Microfinance founder says.
New York Times
, February 27.
Wade, R. 1990. Governing the market: Economic theory and the role of government in East Asian industrialization. Princeton: Princeton University Press.
Weber, M. 1922. Economy and society. Berkeley: University of California Press.