Unmasking the barriers to financing social enterprises
Autor/a
Magomedova, Nina
Bastida-Vialcanet, Ramon
Fecha de publicación
2022ISSN
0957-8765
Resumen
The institutional complexity of social enterprises (SEs) often hinders their access to financing from conventional investors. To align the interests of SEs and their investors, innovative investment instruments of social finance are emerging. However, there is evidence of a mismatch between the financial needs of SEs and the instruments offered by social finance entities (SFEs). The analysis of 34 SEs and 6 SFEs through the lens of agency theory shows that some barriers are caused by contradictory agent—steward models of behaviour, whereas others are deficiencies of the SE sector in general. The study demonstrates that the SE financing gap is a complex problem that requires multifaceted solutions.
Tipo de documento
Artículo
Versión del documento
Versión publicada
Lengua
Inglés
Materias (CDU)
3 - Ciencias sociales
Palabras clave
Empresa social
Finances socials
Teoria de l'agència
Inversió d'impacte
Impacte social
Organitzacions sense ànim de lucre
Empresa social
Finanzas sociales
Teoría de la Agencia
Inversión de impacto
Impacto social
Organizaciones sin ánimo de lucro
Social enterprise
Social finance
Agency theory
Impact investing
Social impact
Non-profit organizations
Páginas
10
Publicado por
Springer Nature
Colección
33
Publicado en
VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations
Citación
Magomedova, Nina; Bastida-Vialcanet, Ramon. Unmasking the barriers to financing social enterprises. VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations, 2022, 33, p. 550-560. Disponible en: <https://link.springer.com/article/10.1007/s11266-022-00498-z>. Fecha de acceso: 26 ene. 2024. DOI: 10.1007/s11266-022-00498-z
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Derechos
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