Social Enterprises, Venture Philanthropy and the Alleviation of Income Inequality

Building on the literature on hybrid organizations, this manuscript explores the relationship between the organizational activity of social enterprises backed by venture philanthropy investors and income inequality. Using Ashoka’s portfolio of Indian social enterprises as empirical context of Wester...

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Bibliographic Details
Authors: Di Lorenzo, Francesco (Author) ; Scarlata, Mariarosa (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 2019
In: Journal of business ethics
Year: 2019, Volume: 159, Issue: 2, Pages: 307-323
Further subjects:B Venture philanthropy
B Social enterprises
B income inequality
B Hybrid organizations
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Summary:Building on the literature on hybrid organizations, this manuscript explores the relationship between the organizational activity of social enterprises backed by venture philanthropy investors and income inequality. Using Ashoka’s portfolio of Indian social enterprises as empirical context of Western venture philanthropy investing activity, our results suggest that (a) Indian municipalities with social enterprises that have received venture philanthropy investments experience a decrease in income inequality level and (b) when these social enterprises are dominated by a collectivistic organizational identity orientation the effect is stronger. Our findings have implications for the research on hybrid organizations, financing of social entrepreneurship and grand ethical challenges.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-018-4049-1