Founding team entrepreneurial experience, external financing and social enterprise performance

Sreevas Sahasranamam, Saurabh Lall, Katerina Nicolopoulou, Eleanor Shaw

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This paper examines the influence of founding team entrepreneurial experience (for-profit and non-profit) on social enterprise performance, and considers the contingent effects of two forms of external financial capital (commercial and philanthropic finance), through the lens of both human capital and institutional logics. Using a global dataset of social enterprises, we find that non-profit entrepreneurial experience boosts social enterprise performance. Additionally, we find that having a complementary institutional logics (social or commercial) fit between the founding team’s human capital and external financial capital is positively associated with social enterprise performance.
Original languageEnglish
Pages (from-to)519-536
Number of pages18
JournalBritish Journal of Management
Issue number1
Early online date14 Apr 2023
Publication statusPublished - 31 Jan 2024


  • social entrepreneurship
  • financing
  • founding team
  • entrepreneurial capital
  • entrepreneurial experience
  • human capital
  • firm performance


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