Quality of institutions and employment dynamics of social enterprises: Evidence from Italian regions

Francesco Savoia, Federica Bandini, Daniela Bolzani and Eleonora Grassi

Finance Research Letters, 2023, vol. 56, issue C

Abstract: This paper empirically investigates the effect of the quality of regional institutions on social enterprises’ employment growth. Using an original panel dataset of social enterprises during 2011–2020, FE and GMM estimates provide three findings. First, higher institutional quality at the regional level positively affects firms’ employment. Second, the effect is heterogenous and varies across firms’ size. Third, corruption in the provision of public services significantly inhibits the “speed” of employment growth for Micro and SMEs.

Keywords: Social entrepreneurship; Social economy; Institutions; Corruption; Employment; Regional development (search for similar items in EconPapers)
JEL-codes: L31 O43 R58 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:56:y:2023:i:c:s154461232300452x

DOI: 10.1016/j.frl.2023.104080

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