عنوان انگلیسی مقاله:
Individual capital and social entrepreneurship: Role of formal institutions
ترجمه فارسی عنوان مقاله:
سرمایه فردی و کارآفرینی اجتماعی: نقش نهادهای رسمی
Sciencedirect - Elsevier - Journal of Business Research, 107 (2019) 104-117: doi:10:1016/j:jbusres:2018:09:005
Drawing on capital theory and institutional theory, we hypothesize the contingent role of a countrys 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.
Keywords: Social entrepreneurship | Institutional theory | Capital theory | Formal institutions | Global Entrepreneurship Monitor