Institutions, social entrepreneurship, and individual economic well-being

Purpose: This study aims to evaluate the influence of institutions on the probability of becoming a social entrepreneur and the effect of this choice on individual economic well-being. The authors also analyze the effects of gender (male versus female entrepreneurism) and type (traditional versus so...

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Detalles Bibliográficos
Autores: Aparicio, Sebastián|||0000-0003-1121-5667, Klofsten, Magnus, Noguera Noguera, Maria|||0000-0003-1338-8350, Urbano, David|||0000-0001-7600-8656
Tipo de recurso: artículo
Fecha de publicación:2024
País:España
Institución:Universitat Autònoma de Barcelona
Repositorio:Dipòsit Digital de Documents de la UAB
Idioma:inglés
OAI Identifier:oai:ddd.uab.cat:300022
Acceso en línea:https://ddd.uab.cat/record/300022
https://dx.doi.org/urn:doi:10.1108/MRJIAM-10-2023-1472
Access Level:acceso abierto
Palabra clave:Gender
Institutional economics
Social entrepreneurship
Well-being
Female entrepreneurship
Emprendimiento social
Bienestar
Economia institucional
Genero
Emprendimiento femenino
SDG 8 - Decent Work and Economic Growth
Descripción
Sumario:Purpose: This study aims to evaluate the influence of institutions on the probability of becoming a social entrepreneur and the effect of this choice on individual economic well-being. The authors also analyze the effects of gender (male versus female entrepreneurism) and type (traditional versus social entrepreneurism). Design/methodology/approach: Institutional economics framed the analysis, and hypotheses were tested using two-stage probit least squares models in a sample of 69,236 individuals from 57 countries during the 2010-2014 wave from the World Values Survey. Findings: The results showed that, for most variables, institutions significantly explained the probability of becoming a social entrepreneur. The analyses also indicated that social entrepreneurship is highly associated with individual economic well-being. Originality/value: This research brings insights into the discussion of the social and economic benefits of socially oriented entrepreneurs. Likewise, the modeling approach overcomes the interplay between entrepreneurship and economic outcomes, in which institutions become key factors.