Lending Groups and Different Social Capitals in Developed and Developing Countries

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Autor principal: Diego A. B. Marconatto
Formato: Artículo científico
Lenguaje:en
Publicado: Associação Nacional de Pós-Graduação e Pesquisa em Administração 2016
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author Diego A. B. Marconatto
author_facet Diego A. B. Marconatto
contents Lending Groups and Different Social Capitals in Developed and Developing Countries Diego A. B. Marconatto Luciano Barin-Cruz Eugenio Pedrozo Administración y Contabilidad Microfinance lending groups social capital institutional environment Lending groups (LGs) and social capital are two central elements to the many microfinance solutions operating around the world. However, LG effectiveness in reducing transaction costs and lending risks for microfinance institutions (MFIs) is mediated by institutional environments. Starting from this assumption, we discuss the existent interactions between the institutional environments of developed (Anglo-Saxon and communitarian) and developing countries with different stocks of social capital (individual, network and institutional) and the influences of this interaction on LG effectiveness. In order to do so, we applied the institutional perspective of O. Williamson to build a theoretical framework to examine the interaction of all these conditions, allowing for analysis of their main relations within the microfinance context. Based on this framework, we propose on the one hand that in developing and Anglo-Saxon developed nations, stocks of both individual and network social capital are the most important for an LG’s effectiveness. However, in Anglo-Saxon countries, these two stocks of social capital are complemented by formal contracting devices. In communitarian developed countries, on the other hand, the stocks of institutional social capital have a stronger positive impact on LG dynamics. 2016 artículo científico 1415-6555 https://www.redalyc.org/articulo.oa?id=84048024002 https://www.redalyc.org/journal/840/84048024002/ https://www.redalyc.org/journal/840/84048024002/html/ https://www.redalyc.org/journal/840/84048024002/84048024002.epub https://www.redalyc.org/journal/840/84048024002/movil en http://www.redalyc.org/revista.oa?id=840 RAC - Revista de Administração Contemporânea application/pdf Associação Nacional de Pós-Graduação e Pesquisa em Administração RAC - Revista de Administração Contemporânea (Brasil) Num.6 Vol.20
format Artículo científico
id redalyc_84048024002
institution Redalyc
language en
publishDate 2016
publisher Associação Nacional de Pós-Graduação e Pesquisa em Administração
spellingShingle Lending Groups and Different Social Capitals in Developed and Developing Countries
Diego A. B. Marconatto
Administración y Contabilidad
Microfinance
lending groups
social capital
institutional environment
Lending Groups and Different Social Capitals in Developed and Developing Countries Diego A. B. Marconatto Luciano Barin-Cruz Eugenio Pedrozo Administración y Contabilidad Microfinance lending groups social capital institutional environment Lending groups (LGs) and social capital are two central elements to the many microfinance solutions operating around the world. However, LG effectiveness in reducing transaction costs and lending risks for microfinance institutions (MFIs) is mediated by institutional environments. Starting from this assumption, we discuss the existent interactions between the institutional environments of developed (Anglo-Saxon and communitarian) and developing countries with different stocks of social capital (individual, network and institutional) and the influences of this interaction on LG effectiveness. In order to do so, we applied the institutional perspective of O. Williamson to build a theoretical framework to examine the interaction of all these conditions, allowing for analysis of their main relations within the microfinance context. Based on this framework, we propose on the one hand that in developing and Anglo-Saxon developed nations, stocks of both individual and network social capital are the most important for an LG’s effectiveness. However, in Anglo-Saxon countries, these two stocks of social capital are complemented by formal contracting devices. In communitarian developed countries, on the other hand, the stocks of institutional social capital have a stronger positive impact on LG dynamics. 2016 artículo científico 1415-6555 https://www.redalyc.org/articulo.oa?id=84048024002 https://www.redalyc.org/journal/840/84048024002/ https://www.redalyc.org/journal/840/84048024002/html/ https://www.redalyc.org/journal/840/84048024002/84048024002.epub https://www.redalyc.org/journal/840/84048024002/movil en http://www.redalyc.org/revista.oa?id=840 RAC - Revista de Administração Contemporânea application/pdf Associação Nacional de Pós-Graduação e Pesquisa em Administração RAC - Revista de Administração Contemporânea (Brasil) Num.6 Vol.20
title Lending Groups and Different Social Capitals in Developed and Developing Countries
topic Administración y Contabilidad
Microfinance
lending groups
social capital
institutional environment
url https://www.redalyc.org/articulo.oa?id=84048024002
https://www.redalyc.org/journal/840/84048024002/
https://www.redalyc.org/journal/840/84048024002/html/
https://www.redalyc.org/journal/840/84048024002/84048024002.epub
https://www.redalyc.org/journal/840/84048024002/movil