期刊
JOURNAL OF BUSINESS RESEARCH
卷 107, 期 -, 页码 104-117出版社
ELSEVIER SCIENCE INC
DOI: 10.1016/j.jbusres.2018.09.005
关键词
Social entrepreneurship; Institutional theory; Capital theory; Formal institutions; Global Entrepreneurship-Monitor
类别
资金
- Strategic Management Society (SMS)'s Strategic Research Foundation (SRF) dissertation fellow grant [SRF-DP2014-132]
Drawing on capital theory and institutional theory, we hypothesize the contingent role of a country's formal institutions (financial, educational, and political) on the relationship between individual capital (financial, human and social capital) and social entrepreneurship entry. Using the Global Entrepreneurship Monitor data, we find that all three forms of individual capital are important for social entrepreneurship entry. Moreover, we find that this relationship is contingent on the formal institutional context such that (i) philanthropy-oriented financial systems have a positive moderating effect on investment of financial capital; (ii) educational systems have a positive moderating effect on investment of human capital; and (iii) political systems have a positive moderating effect on investment of both human and financial capital. We make substantial contributions to the literature on social entrepreneurship by ascertaining the nature of contingent effects of formal institutions on the relationship between individual capital and the emergence of social enterprises.
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