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Journal of Business Ethics

01.12.2012

A Positive Theory of Social Entrepreneurship

verfasst von: Filipe M. Santos

Erschienen in: Journal of Business Ethics | Ausgabe 3/2012

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Abstract

I propose a theory aimed at advancing scholarly research in social entrepreneurship. By highlighting the key trade-off between value creation and value capture and explaining when situations of simultaneous market and government failure may arise, I suggest that social entrepreneurship is the pursuit of sustainable solutions to neglected problems with positive externalities. I further discuss the situations in which problems with externalities are likely to be neglected and derive the central goal and logic of action of social entrepreneurs, in contrast to commercial entrepreneurs. Overall, this article provides a conceptual framework that allows understanding the growing phenomena of social entrepreneurship and its role in the functioning of modern society.

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Fußnoten
1
Which in its most extreme form requires perfect competition (no increasing returns to scale, multiple buyers and sellers), complete information available to all economic actors, and no transaction costs or externalities.
 
2
For example, the European Venture Philanthropy Association counts more than 100 Funds as members.
 
3
Indeed, there is increasing empirical evidence that a narrow focus on self-interest does not capture well the motivations and behavior of economic actors. For example, research on marketing as shown that people are happier when they spend money on others than on themselves (Dunn et al. 2008).
 
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Metadaten
Titel
A Positive Theory of Social Entrepreneurship
verfasst von
Filipe M. Santos
Publikationsdatum
01.12.2012
Verlag
Springer Netherlands
Erschienen in
Journal of Business Ethics / Ausgabe 3/2012
Print ISSN: 0167-4544
Elektronische ISSN: 1573-0697
DOI
https://doi.org/10.1007/s10551-012-1413-4