Exploring the Entrepreneurial Society
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Exploring the Entrepreneurial Society

Institutions, Behaviors and Outcomes

Edited by Jean Bonnet, Marcus Dejardin and Domingo García-Pérez-De-Lema

Entrepreneurship is the engine of economic development, which in turn impacts upon the challenges facing future entrepreneurs. This timely book explores institutional, behavioural and policy issues of primary importance to understanding the entrepreneurial society. Topics covered include entrepreneurship in relation to formal and informal institutions; entrepreneurial choice, orientation and success; entrepreneurial behaviours; entrepreneurial finance, growth and economic crises; and entrepreneurship, social dimensions and outcomes.
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Chapter 18: How distinct is social entrepreneurship from commercial entrepreneurship?

Institutions, Behaviors and Outcomes

Alicia Rubio Bañon, Nuria Esteban-Lloret and Antonio Aragón Sánchez

Abstract

Alicia Rubio Bañon, Nuria Esteban-Lloret and Antonio Aragón Sánchez report the results of an original comparative analysis. While it has been documented that social companies share the pursuit of revenue generation with commercial firms, but look as well to achieve goals such as positive social and environmental impact, little is still known about the specificities – if any – regarding the characteristics and motivations of social entrepreneurs. Using data from the 2009 Spanish Global Entrepreneurship Monitor (GEM) survey, the authors find key differences that significantly distinguish commercial entrepreneurs from social entrepreneurs. Three individual factors particularly emerge: opportunity perception, entrepreneurial self-efficacy perception and risk perception.

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