Abstract
| Language | English |
|---|---|
| Journal | Journal of Business Research |
| Early online date | 13 Sep 2018 |
| DOIs | |
| Publication status | E-pub ahead of print - 13 Sep 2018 |
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Keywords
- social entrepreneurship
- institutional theory
- capital theory
- formal institutions
- global entrepreneurship Monitor
- entrepreneurship
Cite this
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Individual capital and social entrepreneurship : role of formal institutions. / Sahasranamam, Sreevas; Nandakumar, M. K.
In: Journal of Business Research, 13.09.2018.Research output: Contribution to journal › Article
TY - JOUR
T1 - Individual capital and social entrepreneurship
T2 - Journal of Business Research
AU - Sahasranamam, Sreevas
AU - Nandakumar, M. K.
PY - 2018/9/13
Y1 - 2018/9/13
N2 - 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.
AB - 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.
KW - social entrepreneurship
KW - institutional theory
KW - capital theory
KW - formal institutions
KW - global entrepreneurship Monitor
KW - entrepreneurship
UR - https://www.sciencedirect.com/journal/journal-of-business-research
U2 - 10.1016/j.jbusres.2018.09.005
DO - 10.1016/j.jbusres.2018.09.005
M3 - Article
JO - Journal of Business Research
JF - Journal of Business Research
SN - 0148-2963
ER -