Corporate entrepreneurship in public sector: A systematic literature review and research agenda

Funko, Ivana Sučić; Vlačić, Božidar; Dabić, Marina

doi:10.1016/j.jik.2023.100343

Cited by 16 publications

(6 citation statements)

References 98 publications

(144 reference statements)

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“…The growing interest in enterprises of social importance is also pushing for the development of investment instruments aimed at financing socially responsible projects. The development of social investment funds, social bonds, and other financial instruments helps to attract capital for the development of enterprises of social importance and the spread of their social impact (Funko et al, 2023;Zubko & Danchenko, 2023).…”

Section: Resultsmentioning

confidence: 99%

Comparative analysis of critical infrastructure and public significance enterprises

Nazarova,

Hordopolov,

Lositska

et al. 2024

Multidiscip. Rev.

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The relevance of this study is due to the increasing complexity and interdependence of enterprises in terms of critical infrastructure and social importance, which play pivotal roles in ensuring societal well-being, economic stability, and environmental sustainability. As technology evolves and new threats emerge, the need for a comprehensive, regularly updated evaluation becomes imperative. This article aims to identify and disclose the key aspects of a systematic comparative assessment of enterprises in terms of critical infrastructure and social importance. The leading approach to the study employs a combination of general scientific and specialized methods, drawing on modern economic theory and concepts from renowned scholars. This article examines the main aspects of conducting a comparative assessment of the activities of enterprises of critical infrastructure and social importance. The main characteristics of enterprises with critical infrastructure and social importance, which are important in the system of comparative assessment, are determined. General aspects that can be taken into account when evaluating these enterprises are reflected. The stages of comparative assessment of the activities of enterprises of critical infrastructure and public importance are presented, and the challenges and advantages of conducting a comparative assessment of these enterprises are also defined. The materials presented in the article hold practical value for policymakers, businesses, and academics, as they offer insights into improving the efficiency, sustainability, and impact of critical infrastructure and socially important enterprises.

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Section: Resultsmentioning

confidence: 99%

Comparative analysis of critical infrastructure and public significance enterprises

Nazarova,

Hordopolov,

Lositska

et al. 2024

Multidiscip. Rev.

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“…In the future, research should be conducted to address the research gaps identified in the introduction and contribute to the social entrepreneurship literature. First, as suggested by Funko et al (2023), research should be conducted to identify characteristics of social value, such as employment value creation, that can foster entrepreneurial resilience during crises such as Covid-19. Second, research should be conducted to find boundary conditions to confirm the causal relationship between social value creation and financial value creation (Me´ndez-Picazo et al, 2021).…”

Section: Limitations and Future Researchmentioning

confidence: 99%

Social Entrepreneurship, Employment, and Financial Performance: A Latent Growth Modeling Approach

Kim

2024

Sage Open

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The social value created by organizations has been in the spotlight during periods of rapid social change, such as COVID-19. However, the existing literature has been limited by the inability to demonstrate the cumulative effects of social value over time, which has led to academic and practical limitations. Drawing on stakeholder theory, socially responsible customer behavior, and institutional theory, the author collected data from 208 social enterprises in South Korea over 3 years, from 2017 to 2019, and tested hypotheses using latent growth modeling. This analytical technique, which uses structural equation modeling, estimates the latent growth rate of each data measure by year and analyzes the causal relationship between the growth rate of each variable. The results show that higher levels of social entrepreneurship are associated with higher growth rates of total employment and vulnerable worker employment, followed by higher growth rates of financial performance. The implications of this paper are as follows. First, this study reports that social entrepreneurship can help social enterprises develop sustainably by increasing financial performance. Second, this study overcomes the methodological limitations of the existing literature by reporting the relationship between growth rates. Third, this study reports that social enterprises can help solve employment problems for vulnerable populations, who are often the first to be affected by the economic crisis. Fourth, this study contributes to resolving the conflicting and contradictory perspectives of practitioners and academics on the relationship between social and economic value. Fifth, it offers suggestions for the future direction of the academic field.

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“…These, in turn, could lead to better risk-taking abilities and increased innovation capability among firms operating within such institutional settings (Santos-Vijande et al ., 2022; Zhao et al ., 2023). The necessity of a regulatory environment for high entrepreneurial willingness emphasizes the pivotal role that institutional frameworks play in fostering entrepreneurial initiatives (Huang et al ., 2023; Funko et al ., 2023).…”

Section: Introductionmentioning

confidence: 99%

Do institutional pillars support or harm entrepreneurship and economic growth? A systematic review

Raimi,

Bamiro,

Haini

2024

JEPP

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PurposeThe relationships among institutions, entrepreneurship, and economic growth are hotly contested topics. The objective of this present study is to conduct a systematic literature review aimed at comprehensively assessing the relationships between institutional pillars, entrepreneurship and economic growth.Design/methodology/approachSpecifically, a comprehensive analysis of 141 empirical publications was carried out using the PRISMA protocol. The reviewed publications were taken from the Web of Science, Scopus and Google Scholar databases. Thirty-three articles that met the eligibility criteria of quality, relevance and timeliness of the publications were included in the the study.FindingsThree key lessons emerged from the review. First, it was discovered that entrepreneurship and economic growth are influenced by three institutional pillars at various levels, including the regulatory, cognitive and normative pillars. Second, according to the type of institutional quality, the institutional pillars in a causal framework have a good or negative impact on entrepreneurship. Third, novel enterprise creation, self-employment, citizen employment, poverty alleviation, radical innovation, formalization of the informal sector, promotion of competition in existing and new markets, Gross Domestic Product (GDP) growth and the emergence of new business models that significantly improve quality of life.Originality/valueThe study proposes a conceptual framework for further exploring this important relationship based on solid empirical evidence. By providing a theoretically grounded framework, the paper fills the gaps in the literature and helps to clarify the relationship between institutional foundations, entrepreneurship and economic progress.

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Corporate entrepreneurship in public sector: A systematic literature review and research agenda

Cited by 16 publications

References 98 publications

Comparative analysis of critical infrastructure and public significance enterprises

Comparative analysis of critical infrastructure and public significance enterprises

Social Entrepreneurship, Employment, and Financial Performance: A Latent Growth Modeling Approach

Do institutional pillars support or harm entrepreneurship and economic growth? A systematic review

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