New webpage and newsletter:
CERSEM launched today its new webpage and its new name. By changing our name from the Norwegian Centre for Microfinance Research (NOCMIR) to Center for Research on Social Enterprises and Microfinance (CERSEM), we want to emphasize that our research is global in nature. Moreover, we want to demonstrate that our research includes not only a ‘narrow’ microfinance perspective but also a wider social enterprise perspective. After all, Microfinance Institutions are typical examples of social enterprises working with both a financial and a social logic. Together with the new webpage, CERSEM has also launched its newsletter which will be sent to several thousand contacts. The newsletter will be short and only sent out when we have new publications or other major events to announce. We hope you will enjoy both the webpage and the newsletter.
New publication from CERSEM in Journal of Business Ethics:
What causes social enterprises in general, and microfinance institutions in particular, to sometimes drift away from their social objectives? This is a much debated issue and observers usually identify the pressure from capital providers and weak governance structures as the main reasons for such ‘mission drift’. In this new publication, we identify a possible additional explanation by asking the question: “May mission drift be caused by the credit officers?”
Read the publication here