Show recommendations for:
“Our findings entail valuable implications for public policy in emerging markets.
1. The government can fund specific programs via local hubs, accelerator and incubators targeting female entrepreneurs with customized support services. Such services can include networking for women in order to encourage them to leverage wider partners and networks beyond their personal and family circles, but also balancing social with business objectives. These publicly funded programs targeting women social entrepreneurs can also support them with evidence- based guidelines on the design of business models, revenue and distribution channels. Because of the aforementioned feminine characteristics of being more empathetic, women entrepreneurs may have a less distinct business focus. Hence, such programs are needed to ensure such a solid business case behind the entrepreneurial ventures.
2. Second, government support can be provided via subsidies or tax incentives to major companies or governmental institutions to incentivize them to work with female-led enterprises with a social purpose. By providing support and/ or procuring products and services from these enterprises, social impact can be maximized for BoP (bottom of the pyramid) communities and women entrepreneurs can be encouraged to expand their businesses. These initiatives have the potential to support female entrepreneurs to navigate turbulent institutional terrains in emerging markets and unlock valuable potentials for social impact in BoP communities. As our results outlined, female entrepreneurs are different, which needs to be considered by governmental actions.
“1. Future studies might analyze/ should consider also cultural differences in more detail, as this was out of scope for our current study.
2. Second, we only used data from one specific point of time. Hence, future researchers could apply longitudinal studies to analyze effects which might occur over time.
3. Another aspect is the lack of quantitative data, or the application of experimental approaches. With such research strategies applied, further insights could be gained into woman entrepreneurship endeavours in these emerging markets.
4. Moreover, the limited sample size and insights from only one sector (healthcare) might not be sufficient for generalization of the results and hence validating the results with samples from different sectors would enhance the research further.”
1. Policy-makers should take into account that a combination of conditions are required to obtain high levels of national well-being. Governments should be aware of the influence of digitalisation, and they should consider the relevance of partnering with social entrepreneurs in their country. Policies aiming to raise national well-being should take into account digital adaptation since digitalisation can leverage education, governance, and philanthropic financing.
2. If the government can fulfil social needs, at the national level, social entrepreneurship is not so important. However, if institutions are weak, governments should promote social entrepreneurship, since its absence can be one of the conditions that justify low levels of national well-being.
1. Researchers should include digitalisation in future studies aiming to understand national well-being and should take into consideration the national context when studying social entrepreneurship.
2. This research is not without limitations, such as the number of countries in the sample and the cross-sectional nature of the data, which could be addressed by future research.Future studies could overcome these limitations using different datasets.
3. The convergence of digital and entrepreneurship requires new studies to clarify the impact of digital entrepreneurship. For example, future studies could examine the effects of digitalisation on entrepreneurs’ subjective well-being.
The obtained findings should be extended to other countries of the world.
1. Social companies can improve their activities based on AI (artificial intelligence) and create additional advantages.
2. Digital modernization of social companies based on AI is desirable and accessible – but it should consider the specifics of social entrepreneurship.
Policymakers could actively stimulate a motivation-shaping effect on start-up entrepreneurs through Higher Education programmes.
1. To analyse policy-relevant country variables that influence the association between environmental value creation and innovation.
2. Explore how the effect of environmental regulations on innovation may play out differently for other types of firms such as family firms or nonprofit firms. For example, there is some evidence that the regulatory environment has a different effect on family firms compared to non-family firms as the former are willing to sacrifice economic value to preserve non-economic socio-emotional value such as image and reputation.