Institutional work: how lenders transform land titles into collateral in urban Tanzania
研究了坦桑尼亚新兴信贷市场中，本地贷款人通过制度工作使土地所有权作为抵押品运作的过程，揭示了其有效性与脆弱性，并探讨了制度互补性和监管需求。
Abstract We examine the ‘institutional configuration’ that makes land titles work as collateral in Tanzania’s nascent credit market, through the ‘institutional work’ of local lenders. This work is effective and precarious: while lenders seek out and create institutional complementarities across diverse domains, they also require higher-level regulation to help stabilise land titles’ fungibility as collateral. Our results contribute to knowledge on path-dependency, contingency and uneven trajectories in the property-credit nexus development, and advance understandings of institutional interdependencies and coevolution in the situated economy. By combining deep contextualisation and institutional analysis, we progress an empirical engagement with institutional research in economic geography.