Social Entrepreneurship in an Emerging Economy: A Focus on the Institutional Environment and Social Entrepreneurial Self-Efficacy

Abstract

Consistent with the notion that the institutional environment affects entrepreneurial activity, this article interrogates how a person’s willingness to pursue social entrepreneurship is connected with self-efficacy beliefs. Hypotheses are formulated in terms of South Africa’s regulatory, normative, and cognitive institutional profiles relating to an individual’s social entrepreneurship self-efficacy. Findings indicate favourable perceptions of the regulatory and normative dimensions, which are associated with higher levels of self-efficacy. Implications imply that although institutional support mechanisms are essential to increase social business practices, ultimately social entrepreneurship can only spread by fostering individual self-beliefs.

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