D’Espallier, Bert, Hudon, Marek, Khavul, Susanna and Szafarz, Ariane (2024) Donors talk: the signaling and imprinting effects of giving to social enterprises. Finance, 45 (2). 7 - 42. ISSN 0752-6180
Full text not available from this repository.Abstract
How should donors fund microfinance organizations and maximize social impact? Should they spread their contributions across multiple organizations or concentrate them? We address this thorny issue by separately examining how the act of giving a donation and the amount of giving affect the social performance of MFOs worldwide. Drawing on signaling theory, we hypothesize that the act of giving has a more significant impact on social performance than the actual amount donated. Moreover, we show an imprinting effect on social performance that persists even when donations dry up. That is, the improved social performance observed during subsidized periods is not reversed in subsequent unsubsidized periods. The global social impact of donor contributions diversified across many organizations may be greater than that of concentrated funding in a few.
| Item Type: | Article |
|---|---|
| Official URL: | https://www.cairn-int.info/journal-finance.htm |
| Additional Information: | © 2024 Presses Universitaires de Grenoble. |
| Divisions: | Management |
| Subjects: | H Social Sciences H Social Sciences > HG Finance H Social Sciences > HB Economic Theory |
| JEL classification: | F - International Economics > F3 - International Finance > F35 - Foreign Aid G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation O - Economic Development, Technological Change, and Growth > O5 - Economywide Country Studies > O54 - Latin America; Caribbean O - Economic Development, Technological Change, and Growth > O5 - Economywide Country Studies > O57 - Comparative Studies of Countries |
| Date Deposited: | 23 Jul 2024 16:03 |
| Last Modified: | 27 Nov 2024 05:15 |
| URI: | http://eprints.lse.ac.uk/id/eprint/124330 |
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