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Social Investing - What Matters from the Perspective of Social Enterprises?

Posted: 23 Mar 2013  

Judith Mayer

Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies

Barbara Scheck

University of Hamburg

Date Written: March 1, 2013

Abstract

This paper analyzes how social entrepreneurs evaluate social investors. Based on an experiment with 40 social entrepreneurs, we investigate how five attributes contribute to assessing the attractiveness of potential investors. The attributes cover supportive as well as oversight activities of social investors. In addition, we consider reputation of the investor as a potentially relevant factor for evaluating investment offers. We find that social entrepreneurs focus largely on reputation as well as supportive aspects when judging investor attractiveness. By splitting our sample in rather novice and rather experienced entrepreneurs, we show that the rank order of the criteria changes. While experienced entrepreneurs perceive reputation of the investor as most important, novice entrepreneurs rather focus on support offered by the investors.

Keywords: Social entrepreneurship, social investing, social venture capital

JEL Classification: M13, M14

Suggested Citation

Mayer, Judith and Scheck, Barbara, Social Investing - What Matters from the Perspective of Social Enterprises? (March 1, 2013). Available at SSRN: https://ssrn.com/abstract=2237978

Judith Mayer (Contact Author)

Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies ( email )

Arcisstraße 21
München, 80333
Germany

Barbara Scheck

University of Hamburg ( email )

Allende-Platz 1
Hamburg, 20146
Germany

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