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https://doi.org/10.32609/j.ruje.7.76647
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Institutions and social capital in group lending
[Zeitschriftenartikel]
Abstract Formal institutions and social capital interact with each other in multiple ways. We argue
and show empirically at the cross-country level that in the case of group lending, contract
enforcement complements bonding social capital and substitutes for bridging one. It
means that payoff to social ca... mehr
Formal institutions and social capital interact with each other in multiple ways. We argue
and show empirically at the cross-country level that in the case of group lending, contract
enforcement complements bonding social capital and substitutes for bridging one. It
means that payoff to social capital in group lending depends on social capital type and
is contingent on the quality of contract enforcement which serves as a sorting factor,
working in the opposite directions for different stripes of social capital. These results are
robust to various estimations, sets of controls, and social capital measures.... weniger
Thesaurusschlagwörter
Sozialkapital; Mikrofinanzierung
Klassifikation
Wirtschaftssektoren
Freie Schlagwörter
contract enforcement
Sprache Dokument
Englisch
Publikationsjahr
2021
Seitenangabe
S. 269-296
Zeitschriftentitel
Russian Journal of Economics, 7 (2021) 3
ISSN
2618-7213
Status
Veröffentlichungsversion; begutachtet
Lizenz
Creative Commons - Namensnennung, Nicht kommerz., Keine Bearbeitung 4.0