Abstract

In recent years, crowdfunding in microfinance has grown, connecting prosocial lenders with entrepreneurs operating at the bottom of the pyramid worldwide. Through multilevel analysis of loans made through the Kiva crowdfunding platform, we assess how institutional factors impact individual level behavior in 22 countries, with specific attention to how gender interacts with cognitive, normative and regulatory forces that ultimately impact crowdfunded microloan repayment. We contribute to the literature by analyzing how microfoundations of institutional theory impact entrepreneurial behavior across global markets.

THE G. DALE MEYER AWARD FOR THE MOST RELEVANT RESEARCH IN SOCIAL ENTREPRENEURSHIP

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