Non-Formal Institutional Environment of Social Entrepreneurship

Abstract

Social entrepreneurship as an alternative way to solve social problems is rapidly becoming popular. The efficiency of this type of activity largely depends on the formal institutions operating in the territory under consideration, as well as on the prevailing values, habits, customs peculiar to social groups which do not live on it and form an informal institutional environment. The purpose of the study is to simulate the impact of informal institutional environment on social entrepreneurship in the global space. The article analyzes the approaches to analysis of informal institutions; it is shown that this problem is raised in works of both foreign and domestic researchers. The Inglehart-Welzel concept of modernization, cultural change and democracy was used in analysis of informal institutional environment. The information framework of the research consists of international reports of the Global Entrepreneurship Monitor, the World Values Survey, the World Bank for 2015 in 30 countries. The analysis of distribution of countries according to Inglehart map criteria shows that successful functioning of social entrepreneurship is facilitated by post-materialistic values developed in the society. The authors of the article construct a non-linear multi-factor model demonstrating the influence of informal institutional environment on social entrepreneurship. It is proved that the most important factors of informal environment having an impact on social entrepreneurship is the autonomy of members in the society, as well as gender equality. The significance of the results is the opportunity to use the identified patterns directly for the development of social entrepreneurship, and solve social problems in general

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