In this paper we examine how the interaction between influences of commercial banking and poverty alleviation shaped the evolution of modern microfinance. Using institutional theory as a lens, we observe that the commercial banking logic increasingly displaced the microfinance field's foundational poverty alleviation and development principles over time. We argue that this process of displacement can occur inadvertently as organizations that embody multiple logics draw disproportionately on only one of those logics when developing legitimating accounts of their activity to stakeholders. Furthermore, we introduce the concept of permeabilitythe extent to which the elements of a logic are ambiguous and loosely coupledto explain why some logics may be more or less open to the influence of other logics. We conclude by discussing implications for entrepreneurship and poverty alleviation more generally.

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Please refer to published version for the most recent bibliographic citation information. If a published version is known of, the repository item page linked to above, will contain details on accessing it.

Global terrorism in the early 21st century appears to be an inevitable part of organizational life. Even among people not personally injured in an attack, the immediate aftermath can be a period of hardship, stress and sensemaking. This paper develops theory about how people give meaning to their work after terrorism. In contrast to views of everyday work as something that loses significance in times of such tragedy, I outline the conditions under which individuals are also likely to find positive meaning in it. Doing so, I integrate varied findings about workplace responses to terrorism and provide a basis for empirical testing rooted in theories of work meaning, sensemaking and the cultural response to disaster. The paper concludes with implications for research and practice.

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