Taking Trade-offs Seriously: Examining the Contextually Contingent Relationship Between Social Outreach Intensity and Financial Sustainability in Global Microfinance

Both authors contributed equally and are listed in alphabetical order. The authors gratefully acknowledge the guidance and support provided by senior editor Brayden King and three anonymous reviewers. They are also grateful for the help and insight they received from Laura Doering, Vit Henisz, Marek Hudon, Mike Lounsbury, and Arianne Szafarz, as well as from seminar participants at the European Microfinance Conference, the Institutional Logics Track at the 33rd European Group for Organizational Studies Colloquium, and the Wharton Organization Theory Seminar. A previous version of this paper received the Best Paper Award at the 13th Annual Social Entrepreneurship Conference and was a finalist for the Temple/Academy of International Business Best Paper Award.