Academic literature recognizes that firms in different countries deal with corporate social responsibility (CSR) in different ways. Because of this, analysts presume that variations in national-institutional arrangements affect CSR practices. Literature, however, lacks specificity in...

What can microfinance contribute to the creation of employment and the increase in well-being of the population? We argue that microfinance has an important benefit for the poor, particularly for subsistence entrepreneurs, as a means of handling shocks and smoothing income. By helping to assure...

"Do firms in developing countries shift trade towards developed economies as a result of high economic growth? The matched customs-manufacturing firm data used in this study confront this hypothesized link with empirical evidence. Our analysis reveals a rising low-income country trade share...