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. |
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| 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] |
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| Database: | Education Research Complete |
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| 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] |
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| ISSN: | 01674544 |
| DOI: | 10.1007/s10551-018-4086-9 |
