Early Challenges of Nascent Social Entrepreneurs

Entrepreneurship Theory and Practice, 37(5), 1045-1069, 2013

47 Pages Posted: 1 Sep 2012 Last revised: 29 Nov 2017

See all articles by Maija Renko

Maija Renko

University of Illinois at Chicago

Multiple version iconThere are 2 versions of this paper

Date Written: April 1, 2012

Abstract

Social entrepreneurs are celebrated as transformational leaders whose accomplishments create opportunities for those less fortunate. However, little is known about the early stages of social enterprise development. This study focuses on how a nascent entrepreneur's prosocial motivation affects the progress in building a new venture. Results show that prosocial motivation decreases the likelihood of firm emergence within a 4-year follow-up period, and even more so when the product offering of the emerging venture is new to the markets. These findings are discussed in the light of previous research on prosocial motivation, social entrepreneurship, market novelty, and nascent entrepreneurship.

Keywords: social entrepreneurs, social entrepreneurship, nascent entrepreneurs

JEL Classification: M13

Suggested Citation

Renko, Maija, Early Challenges of Nascent Social Entrepreneurs (April 1, 2012). Entrepreneurship Theory and Practice, 37(5), 1045-1069, 2013. Available at SSRN: https://ssrn.com/abstract=2139577

Maija Renko (Contact Author)

University of Illinois at Chicago ( email )

601 S. Morgan St. (M/C 243)
University Hall 2203
Chicago, IL 60607-7122
United States

HOME PAGE: http://business.uic.edu/faculty/maija-renko

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