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Social Entrepreneurship and Institutional Conditions: An Empirical Analysis in Spain

Chapter
Part of the International Studies in Entrepreneurship book series (ISEN, volume 36)

Abstract

This chapter analyzes the relationship between social entrepreneurship and institutional factors in the Spanish context, using institutional economics as the conceptual framework. To achieve this objective, we use models of logistic regression analysis, and specifically Rare Events Logistic Regression (RELOGIT), based on data from Global Entrepreneurship Monitor (GEM). The main findings demonstrate that informal institutions, such as fear of failure and perception of entrepreneurial skills, and formal institutions, such as access to funding and education, influence social entrepreneurial activity in Spain. Likewise, our data supports that informal institutions are more important than formal ones for promoting social entrepreneurship. The study contributes advancing theory on the field of social entrepreneurship and also could be useful for the design of government policies on the promotion of social entrepreneurial activity.

Keywords

Social entrepreneurship Institutional factors RELOGIT GEM Spain 

Notes

Acknowledgments

The authors acknowledge the financial support from projects ECO2013-44027-P (Spanish Ministry of Economy & Competitiveness) and 2014-SGR-1626 (Economy & Knowledge Department—Catalan Government–).

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Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  1. 1.BusinessUniversitat Autonoma de BarcelonaBarcelonaSpain
  2. 2.School of Management, Universidad de EAFITMedellínColombia

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