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When institutional change outruns the change agent: the contested terrain of entrepreneurial microfinance for those in poverty

Khavul, Susanna, Chavez, Helmuth and Bruton, Garry D. (2013) When institutional change outruns the change agent: the contested terrain of entrepreneurial microfinance for those in poverty. Journal of Business Venturing, 28 (1). pp. 30-50. ISSN 0883-9026

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Identification Number: 10.1016/j.jbusvent.2012.02.005

Abstract

We argue that institutional change moves through stages punctuated by recurring attempts to formally redefine the boundaries and logics of organizational fields that institutional entrepreneurs initially establish. With a grounded theory model, we demonstrate that institutional change in microfinance started with dominant development logic, shifted to market logic, and got stuck in a conflict over regulatory logic. We show how the role of the entrepreneur can change markedly over time while the institutional change process continues unabated. We present institutional entrepreneurship as an evolving phenomenon and suggest that the interplay between institutional entrepreneurs and established organizational fields is highly nuanced.

Item Type: Article
Official URL: http://www.journals.elsevier.com/journal-of-busine...
Additional Information: © 2012 Elsevier Inc.
Divisions: Management
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HG Finance
Sets: Departments > Management
Date Deposited: 30 Apr 2014 15:19
Last Modified: 20 Jan 2020 05:12
Funders: Neeley Summer Research Program, Neeley Entrepreneurship Centre at TCU, the College of Business at the University of Texas at Arlington, School of Business, Universidad Francisco Marroquin, Guatemala
URI: http://eprints.lse.ac.uk/id/eprint/56609

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