A Positive Theory of Social Entrepreneurship
Filipe M. Santos
February 15, 2010
INSEAD Working Paper No. 2009/23/EFE/INSEAD Social Innovation Centre
I propose a theory aimed at advancing scholarly research in social entrepreneurship. By highlighting the key trade-off between value creation and value appropriation and explaining when situations of simultaneous market and government failure may arise, I suggest that social entrepreneurship is the pursuit of sustainable solutions to problems of neglected positive externalities. I further discuss when positive externalities are likely to be neglected and derive the central goal and logic of action of social entrepreneurship.
Number of Pages in PDF File: 55
Keywords: Social Entrepreneurship, Social Innovation, Empowerment, Economic Externalities, Theory Development, Economic Organization, Institutional Economics, Public Policy
Date posted: February 16, 2010