Published in: Journal of Innovation & Knowledge
Cited as: Méndez-Picazo, M.-T. et al. (2020) Effects of sociocultural and economic factors on social entrepreneurship and sustainable development. Journal of innovation & knowledge. [Online]
The objective of this paper is to analyze the behavior of sociocultural factors and economic factors over general entrepreneurship and social entrepreneurship, in addition to the impact of these two types of entrepreneurship on sustainable development. Therefore, the objective of this paper is to analyze, first, the relationship between both general entrepreneurship and social entrepreneurship and sustainable development and, secondly, to study the relation-ship of sociocultural and economic factors with both types of entrepreneurship.
Concern about environmental problems has led to more attention being paid to the sustainable development objective. Social entrepreneurship, and entrepreneurship in general, show a direct relationship with this objective, due mainly to the activities carried out by entrepreneurs regarding the development of new products, the search for new markets, and the introduction of innovations. Because of this, it is important to identify the variables that influence both types of entrepreneurship to adequately design measures to stimulate sustainable development through these activities. These variables can be grouped into two groups: sociocultural factors and economic factors. The objective of this paper is to analyze the behavior of these two groups over general entrepreneurship and social entrepreneurship, in addition to the impact of these two types of entrepreneurship on sustainable development. To carry out this analysis, we have developed an empirical analysis with structural equations for the case of 15 OECD countries between 2015 and 2016.
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Recommendations from this resource
“1. This study is subject to improvement by introducing more countries in the sample to compare the situation of countries with different structures.
2. Likewise, as statistical information improves, it would be convenient to introduce more variables within the factors considered, especially those with an environmental nature, with particular focus on the role of green innovations in the process. “
“1. Public sector actions aimed at stimulating entrepreneurship can have different effects on both types of entrepreneurship: social entrepreneurship and general entrepreneurship.
2. Policies aimed at promoting human capital, employment, and investment aid would favour more social entrepreneurship, whereas those that increase innovation and improve institutions and are aimed at reducing corruption and making the market freer and more effective would have a greater impact on general entrepreneurship.
3. Redistributive policies aimed at improving income distribution would have a similar impact on both types of entrepreneurship.”