The Effect of Virtuous and Entrepreneurial Orientations on Microfinance Lending and Repayment: A Signaling Theory Perspective

Abstract

The availability of capital for microenterprises has grown rapidly due to microfinancing platforms such as Kiva. The investment decisions of microlenders are challenged due to the limited information about the microenterprises' characteristics and behavioral intentions. Extending signaling theory, we suggest that microenterprises' narratives on microfinancing platforms are an important means to signal valuable characteristics and behavioral intentions to prospective lenders. Results indicate that microenterprises, which signal autonomy, competitive aggressiveness, and risk-taking, are more likely to receive funding, and to receive it more quickly. Microenterprises that signal conscientiousness, courage, empathy, and warmth are less likely to get funded. Rhetorical signaling proactiveness, conscientiousness, courage, warmth, or zeal is negatively associated with loan repayment.

Entrepreneur´s attitude towards innovativeness and competitive aggressiveness: the case study of Czech micro-enterprises

“…Table 5 Th e opinion of microenterprises entrepreneurs in relation to eff ort to get ahead of competition In relation to the discussed issue of micro-enterprises' access to external fi nance, the results of the survey on competitive aggressiveness of studied micro-enterprises could be at least one-third of a positive fi nding. Provided, however, that further investigation would confi rm that these micro-enterprises are autonomous and inclined to risk, which supports the fi ndings of Moss, Neubaum and Meyskens(2015).…”

The Influence of Proactive Green Innovation and Reactive Green Innovation on Green Product Development Performance: The Mediation Role of Green Creativity

“…The advantages of green innovation include a lower cost of dealing with pollutants, reduced responsibility in law, increased productivity and effectiveness, higher business reputation, and more support from customers and stakeholders. With respect to proactive environmental management, companies are critical since they are supposed to commit to investing in innovation, organizational systems, products, and services for continuous recycling [18]. Creativity is defined as the imagination of new ideas about products, services, processes, or practices which are original, novel, and useful [8].…”

Do cross-border mergers and acquisitions increase short-term market performance? The case of Chinese firms

“…This theory has been used in a variety of management literatures, including strategic management (Ozmel, Reuer, & Gulati, 2013;Priem, Li, & Carr, 2012;Reuer & Ragozzino, 2012), entrepreneurship (Ahlers, et al, 2015;Bergh, et al, 2014;Moss, Neubaum, & Meyskens, 2015), and human resource management (Lourenço, et al, 2014;Renwick, Redman, & Maguire, 2012).…”