Assessing the non-financial outcomes of social enterprises in Luxembourg

By addressing social issues, rather than maximizing profits, social enterprises are said to contribute to the well-being of societies. In this paper, we test whether social enterprises fulfil this expectation. The paper applies regression analysis to a unique dataset obtained by merging survey data...

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Bibliographic Details
Authors: Sarracino, Francesco (Author) ; Fumarco, Luca (Author)
Format: Electronic Article
Language:English
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Published: Springer 2020
In: Journal of business ethics
Year: 2020, Volume: 165, Issue: 3, Pages: 425-451
Further subjects:B Subjective well-being
B Social enterprises
B Non-economic outcomes
B Aufsatz in Zeitschrift
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Summary:By addressing social issues, rather than maximizing profits, social enterprises are said to contribute to the well-being of societies. In this paper, we test whether social enterprises fulfil this expectation. The paper applies regression analysis to a unique dataset obtained by merging survey data from the Global Entrepreneurship Monitor with official statistics on social enterprises in Luxembourg. Results suggest that social enterprises contribute to subjective well-being, which is an encompassing measure of people’s satisfaction with their own life. We find that when the share of social enterprises in a city increases, the ill-being of poor and unemployed people declines. Therefore, policy makers who seek to increase the well-being of economically disadvantaged people could adopt policies to promote the creation of social enterprises.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-018-4086-9