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Assessing the Non-financial Outcomes of Social Enterprises in Luxembourg.

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Title: Assessing the Non-financial Outcomes of Social Enterprises in Luxembourg.
Authors: Sarracino, Francesco1,2 (AUTHOR) francesco.sarracino@statec.etat.lu, Fumarco, Luca1 (AUTHOR)
Source: Journal of Business Ethics. Sep2020, Vol. 165 Issue 3, p425-451. 27p. 12 Charts, 8 Graphs, 1 Map.
Subject Terms: *Social development, Social enterprises, Subjectivity, Well-being
Geographic Terms: Luxembourg
Abstract: 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. [ABSTRACT FROM AUTHOR]
Copyright of Journal of Business Ethics is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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  Data: Assessing the Non-financial Outcomes of Social Enterprises in Luxembourg.
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  Data: <searchLink fieldCode="AR" term="%22Sarracino%2C+Francesco%22">Sarracino, Francesco</searchLink><relatesTo>1,2</relatesTo> (AUTHOR)<i> francesco.sarracino@statec.etat.lu</i><br /><searchLink fieldCode="AR" term="%22Fumarco%2C+Luca%22">Fumarco, Luca</searchLink><relatesTo>1</relatesTo> (AUTHOR)
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+Business+Ethics%22">Journal of Business Ethics</searchLink>. Sep2020, Vol. 165 Issue 3, p425-451. 27p. 12 Charts, 8 Graphs, 1 Map.
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  Data: *<searchLink fieldCode="DE" term="%22Social+development%22">Social development</searchLink><br /><searchLink fieldCode="DE" term="%22Social+enterprises%22">Social enterprises</searchLink><br /><searchLink fieldCode="DE" term="%22Subjectivity%22">Subjectivity</searchLink><br /><searchLink fieldCode="DE" term="%22Well-being%22">Well-being</searchLink>
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  Data: <searchLink fieldCode="DE" term="%22Luxembourg%22">Luxembourg</searchLink>
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  Label: Abstract
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  Data: 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. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Journal of Business Ethics is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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      – SubjectFull: Social development
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      – SubjectFull: Subjectivity
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      – SubjectFull: Luxembourg
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