Indian Institute of Management Bangalore

About: Indian Institute of Management Bangalore is a education organization based out in Bengaluru, Karnataka, India. It is known for research contribution in the topics: Emerging markets & Corporate governance. The organization has 491 authors who have published 1254 publications receiving 23853 citations. The organization is also known as: IIMB.

Financial resources of the Microfinance sector: Securitisation deals -- Issues and challenges Interview with the MFIs Grameen Koota and Equitas

Abstract: Securitisation has emerged as an innovative and structured product that meets the funding requirements of microfinance institutions (MFIs). This paper provides a contextual note on the microfinance sector and the financial sources of MFIs. The note is followed by interviews with senior executives of two microfinance institutions on the securitisation deals of microfinance institutions. We argue in our note that the microfinance sector needs to be revived to meet the broader goal of financial inclusion. Banks and MFIs have to collaborate with each other to meet this objective. Banks have to encourage MFIs to shift over to low cost finance either by giving direct loans or through innovative deals like securitisation. Commercial banks have to leverage MFIs for their origination and recovery capabilities in small loans.

Creativity and entrepreneurship

Abstract: Creativity and innovation are often mentioned as integral ingredients of entrepreneurship ever since this thesis was proposed by Schumpeter (1934) in a book that changed the paradigms in which entrepreneurship research had been previously carried out. Prior to this the focus of research on the subject was primarily on the investment and risk-taking capabilities of the individual. While recognizing the importance of innovation for entrepreneurship, subsequent researchers (e.g. Gilad 1984; Whiting 1988) have attempted to identify the specific links between creativity and entrepreneurship. The need for entrepreneurs to be creative is almost intrinsically linked with the very nature of entrepreneurship itself. Entrepreneurs are creators of something new, though not ex nihilo, and have to come up with innovative re-combinations of resources (Hayek 1945; Kirzner 1973; Schumpeter 1934; Shane 2003) in order to make profits as well as gain and sustain a strong presence in the competitive arena, often by offering new products and services. Innovation, therefore, is not just a desirable add-on to entrepreneurship but an integral component of it.