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43 Nonprofit & Voluntary Sector Q. 5 (2014)

handle is hein.journals/npvolsq43 and id is 1 raw text is: 


                                                    Nonprofit and Voluntary Sector Quarterly
                                                                  2014, Vol. 43(1) 5-6
From       the    Editors' Desk                                 @The Author(s) 2013
                                                              Reprints and permissions:
                                                         DOI: 10.1177/0899764013519478

It gives us great pleasure in this issue of Nonprofit and Voluntary Sector Quarterly
(NVSQ)  to congratulate the authors of the 2012 NVSQ Best Article Award presented at
the 2013 Annual ARNOVA (Association   for Research on Nonprofit Organizations and
Voluntary Action) Conference held in Hartford, Connecticut, in November. The winners
this year are Anais P6rilleux, Universit6 de Mons, Belgium; Marek Hudon, Universit6
Libre de Bruxelles, Belgium; and Eddy Bloy, Universit6 Lyon-2, France, who coau-
thored  the article, Surplus Distribution in Microfinance: Differences Among
Cooperative, Nonprofit, and Shareholder Forms of Ownership.
   Microfinance institutions (MFls) have garnered a great deal of recent attention,
both positive and negative, in how they deal with helping the poor access credit. Using
an existing database on MFls, the article examines how different types of MFls, non-
profits, for-profits, and member-based MFls allocate their financial surplus to the vari-
ous stakeholders. The authors find that the institutional form and ownership type of the
MFls  matter and determine how the surplus is allocated. These findings are of great
importance  for policy makers, who face an increasingly commercial landscape in
which for-profit MFls operate with attendant high interest rates that are controversial
and antithetical to helping the poor for whom MFls were originally designed.
   Bravo, Anais, Marek, and  Eddy! And,  thank you to members  of the ARNOVA
award  committee, Rikki Abzug, Tricia Bromley, Claudia Petrescu, Jennifer Taylor,
and Jeremy Thornton. Committee  members  read all NVSQ articles published in 2012
and selected the article that best answers an important question based on theoretical
rigor and analytical sophistication with clarity of presentation.
   Award  winning articles are no doubt the product of the ingenuity and intelligence
of the authors. Yet, no good article stands alone in the absence of input and guidance
from colleagues. Behind the scenes, the anonymous peer reviewers for NVSQ helped
to improve the article, and they share with the authors the accolades of this award.
   Thank you to the reviewers of this article, you know who you are! We thank as well
all other reviewers for NVSQ, who work to make every article worthy of an award.
   Although the peer review process is an integral part of publishing in academic jour-
nals, in its current form is relatively recent; the journal Nature instituted formal peer
review  only in  1967  (http://www.nature.com/nature/history/timeline_1960s.html).
According to Mario Biagioli (2002), the formal process of peer review started in 1663,
when  the recently formed Royal Society of London passed a resolution that required
every book published under its Royal Charter to be reviewed by two members of the
Council of the Society. They did this to insure that all publications were relevant to the
Charter, and that the Crown would not consider them offensive (Ranalli, 2011).

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