Assessing the Non-financial Outcomes of Social Enterprises in Luxembourg

Francesco Sarracino () and Luca Fumarco
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Francesco Sarracino: STATEC Research

Journal of Business Ethics, 2020, vol. 165, issue 3, No 5, 425-451

Abstract: Abstract By addressing social issues, rather than maximizing profits, social enterprises are said to contribute to the well-being of societies. In this paper, we test whether social enterprises fulfil this expectation. The paper applies regression analysis to a unique dataset obtained by merging survey data from the Global Entrepreneurship Monitor with official statistics on social enterprises in Luxembourg. Results suggest that social enterprises contribute to subjective well-being, which is an encompassing measure of people’s satisfaction with their own life. We find that when the share of social enterprises in a city increases, the ill-being of poor and unemployed people declines. Therefore, policy makers who seek to increase the well-being of economically disadvantaged people could adopt policies to promote the creation of social enterprises.

Keywords: Social enterprises; Subjective well-being; Non-economic outcomes (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (3)

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DOI: 10.1007/s10551-018-4086-9

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