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首页> 外文期刊>Journal of Business Research >Individual capital and social entrepreneurship: Role of formal institutions
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Individual capital and social entrepreneurship: Role of formal institutions

机译：个人资本和社会企业家精神：正规机构的作用

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摘要

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.
机译：借鉴资本理论和制度理论，我们假设一个国家的正规机构（金融，教育和政治）在个人资本（金融，人力和社会资本）与社会企业家地位之间的关系上具有偶然性。使用全球创业监测数据，我们发现所有三种形式的个人资本对于社会创业进入都很重要。此外，我们发现这种关系取决于正式的制度背景，因此：（i）面向慈善的金融体系对金融资本的投资具有积极的调节作用; （ii）教育制度对人力资本投资产生积极的调节作用; （iii）政治制度对人力资本和金融资本的投资具有积极的调节作用。我们通过确定正规机构对个人资本和社会企业的兴起之间的偶然影响的性质，为有关社会企业家精神的文献做出了重大贡献。

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