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Updates every hour. Last Updated: 28-Jun-2025 00:11 ET (28-Jun-2025 04:11 GMT/UTC)
New study reveals hidden risks of social capital in microfinance during economic crises
Strategic Management SocietyA new study published in the Strategic Management Journal uncovers a significant and often-overlooked risk in microfinance: while social capital fosters financial stability in normal times, it can exacerbate default rates during crises. The research, conducted by Arzi Adbi, Matthew Lee, and Jasjit Singh, examines the loan repayment behavior of nearly two million low-income borrowers in the aftermath of India’s 2016 demonetization policy, revealing the unintended consequences of peer accountability in financial markets.
Over the past fifty years, microfinance has been hailed as a revolutionary tool for financial inclusion, particularly through group-lending models. These models rely on social connections and peer accountability to encourage loan repayment among low-income borrowers. However, as this study demonstrates, the very mechanisms that drive repayment in stable times can accelerate default rates when external crises arise.
- Journal
- Strategic Management Journal
A new era for pepper hybrids: Fertility restorer gene identified
Nanjing Agricultural University The Academy of ScienceResearchers have successfully identified the CaRf gene, a pivotal fertility restorer in pepper plants that revives male fertility in cytoplasmic male sterile (CMS) lines.
- Journal
- Horticulture Research
From shoot apex to flower: single-cell insights in Chinese cabbage
Nanjing Agricultural University The Academy of Science- Journal
- Horticulture Research
New hope for melon farmers: Genetic markers discovered to fight powdery mildew
Nanjing Agricultural University The Academy of ScienceA new study has uncovered critical genetic factors that could revolutionize the fight against powdery mildew (PM) in melons, a disease that threatens global crop yields and fruit quality.
- Journal
- Horticulture Research
The science behind sweeter apples: stress and aroma volatiles
Nanjing Agricultural University The Academy of Science- Journal
- Horticulture Research
Shedding light on sustainable agriculture: how light stress fights root rot
Nanjing Agricultural University The Academy of Science- Journal
- Horticulture Research
KUCM researchers use wearable tech to predict mood swings with 98% accuracy
Korea University College of MedicinePatients with mood disorders experience recurrences of depressive and manic episodes throughout their lives. In this regard, researchers from the Korea University College of Medicine have come up with a novel prediction algorithm that effectively forecasts future episodes with high accuracy by leveraging sleep-wake data collected using a smartphone and smart band. This could help patients with mood disorders prevent such recurrences by adjusting their lifestyle habits.
- Journal
- npj Digital Medicine
From seed to sprout: Theanine's crucial role in tea plant development revealed
Nanjing Agricultural University The Academy of ScienceA new study has revealed the pivotal role of theanine, a unique amino acid, in the early growth and development of tea seedlings.
- Journal
- Horticulture Research
Authentic communication reduces risky teen drinking
University of Adelaide- Journal
- Journal of Public Policy & Marketing
- Funder
- Kedge Business School