Social Entrepreneurship and Institutional Conditions: An Empirical Analysis in Spain

In: Peris-Ortiz M., Teulon F., Bonet-Fernandez D. (eds) Social Entrepreneurship in Non-Profit and Profit Sectors. International Studies in Entrepreneurship, vol 36. Springer, Cham

Posted: 20 Apr 2018

See all articles by David Urbano

David Urbano

Autonomous University of Barcelona

Elisabeth Ferri

Independent

Claudia Alvarez

Universidad EAFIT; Autonomous University of Barcelona

María Noguera

Autonomous University of Barcelona

Date Written: february 28, 2017

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

JEL Classification: L26, M13

Suggested Citation

Urbano, David and Ferri, Elisabeth and Alvarez, Claudia and Noguera, María, Social Entrepreneurship and Institutional Conditions: An Empirical Analysis in Spain (february 28, 2017). In: Peris-Ortiz M., Teulon F., Bonet-Fernandez D. (eds) Social Entrepreneurship in Non-Profit and Profit Sectors. International Studies in Entrepreneurship, vol 36. Springer, Cham, Available at SSRN: https://ssrn.com/abstract=3164458

David Urbano

Autonomous University of Barcelona ( email )

Edifici B, Campus UAB
Bellaterra, Barcelona 08193
Spain
34935811209 (Phone)

HOME PAGE: http://www.davidurbano.eu

Elisabeth Ferri

Independent ( email )

Claudia Alvarez (Contact Author)

Universidad EAFIT ( email )

Carrera 49 N° 7 sur – 50
Medellín, Antioquia 00000
Colombia

Autonomous University of Barcelona ( email )

Bellaterra, Barcelona 08193
Spain

María Noguera

Autonomous University of Barcelona ( email )

Plaça Cívica
Cerdañola del Valles
Barcelona, Barcelona 08193
Spain

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