Expanding Inclusive Markets through Corruption Control: A Multilevel Modeling Analysis for a Grand Challenge

IF 5.9 2区 管理学 Q1 MANAGEMENT
Sunny Li Sun , Zhujun Ding , George Joseph
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引用次数: 0

Abstract

To tackle the grand challenge of poverty alleviation, we investigate the role of microfinance institutions (MFIs) in fostering inclusive markets amid the influence of corruption. Corruption hampers MFI's efforts to reach out to women and the poor, leading to increased costs and resource wastage. Specifically, corruption negatively impacts financial inclusivity by affecting service costs, female borrower inclusion, and loan officer effectiveness. By adopting an institution-based view, we propose that corruption control can counteract this negative effect by enhancing information transmission and stakeholder cooperation within microfinance, thereby promoting inclusivity. Corruption control also moderates the effects of three firm-level factors, namely service cost, female borrowers, and loan officers on expanding inclusive markets. Leveraging a panel data set of 618 MFIs across 30 developing countries from 2005 to 2011, we employ multilevel modeling and find a positive association between corruption control and the breadth of MFIs' outreach.

通过控制腐败扩大包容性市场:一个重大挑战的多层次模型分析
为了应对减贫的巨大挑战,我们调查了小额信贷机构(mfi)在腐败影响下培育包容性市场的作用。腐败阻碍了小额信贷机构向妇女和穷人伸出援手的努力,导致成本增加和资源浪费。具体而言,腐败通过影响服务成本、女性借款人包容性和信贷员有效性,对金融普惠产生负面影响。我们采用基于制度的观点,提出腐败控制可以通过加强小额信贷内部的信息传递和利益相关者合作来抵消这种负面影响,从而促进包容性。腐败控制也缓和了三个公司层面因素的影响,即服务成本、女性借款人和信贷员对扩大包容性市场的影响。利用2005年至2011年30个发展中国家618家小额信贷机构的面板数据集,我们采用多层次建模,发现腐败控制与小额信贷机构的服务范围之间存在正相关关系。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
自引率
9.80%
发文量
67
审稿时长
81 days
期刊介绍: The Journal of International Management is devoted to advancing an understanding of issues in the management of global enterprises, global management theory, and practice; and providing theoretical and managerial implications useful for the further development of research. It is designed to serve an audience of academic researchers and educators, as well as business professionals, by publishing both theoretical and empirical research relating to international management and strategy issues. JIM publishes theoretical and empirical research addressing international business strategy, comparative and cross-cultural management, risk management, organizational behavior, and human resource management, among others.
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