First this paper provides a selective survey and synthesis of recent debates in financial economics concerning micro-finance institutions sustainability. Secondly, it put them into perspective, suggesting conciliation of these two conceptions and showing they are two steps of the development of...

In the organizational context of social enterprises, the viability of the primary social mission is put to the test when the founder leaves the organization. Yet the literature has remained silent on this important stage in the life of a social enterprise. We address this gap by conducting...