"Microfinance institutions (MFIs) must balance financial and social goals. When these coopetitive goals are under threat, which goals do MFIs prefer? Based on the theory of myopic loss aversion, our study aims to assess the immediate effect of the 2016 demonetization in India on MFIs and their loan portfolio performance and on unintended social outcomes. Using the 2016 demonetization in India as a quasi-experiment, we find that MFIs had a lower 30-day and 90-day portfolio at risk (PAR) and implemented better client protection terms. In addition, demonetization had a small but positive effect on developing start-up enterprises and serving more clients below the poverty line. Last, we find that MFIs investing in female client education presented a lower PAR after demonetization. Overall, our study sheds light on the unintended consequences on MFIs as a result of the demonetization event, and it provides policy implications for MFIs."

"Whether differences among accelerators explain differences in the performance of member ventures is an important and underexplored question. Conversely, are the effects of accelerators so isomorphic, because they copy each other, that ventures from different accelerators report little performance differences? We use variance decomposition analysis to test whether variations in characteristics of accelerators explain performance differences in the ventures that belong to them. Using a sample of 1,442 ventures from 117 accelerator programs across 22 countries, we find that 11.13–14.18% variance of venture performance can be attributed to accelerator membership. Accelerator membership also accounted for 3.00, 5.15, and 16.65% in the variance for employee growth, employee costs, and revenue change, respectively. Our findings suggest that between accelerator differences can make a significant economic difference to venture performance."

"The present "Effectiveness of Entrepreneurship Development interventions on Women Entrepreneurs" issue brief is the result of an in-depth review of six meta-evaluations and twenty three rigorous impact satudies undertaken during the past 10 years in women's entrepreneurship development initiatives around the world. It provides a synthesis of impact findings and identifies interventions which seem to have worked more effectively.

The brief corroborates for example that combining finance and business training -although more costly - seems to be more effective in supporting women's business start-up than either finance or business training alone. Also, training packages that combine business and gender knowledge are more likely to lead to women's empowerment. While more evidence is still needed, the brief concludes with a series of recommendations for future interventions and impact evaluations including providing more than access to skills and finance, by also addressing gender-based barriers and women's strategic needs, in order to ensure the business success and consolidation of women entrepreneurs."