Social Enterprises, Venture Philanthropy and the Alleviation of Income Inequality

Francesco Di Lorenzo, Mariarosa Scarlata

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

Building on the literature on hybrid organizations, this manuscript explores the relationship between the organizational activity of social enterprises backed by venture philanthropy investors and income inequality. Using Ashoka’s portfolio of Indian social enterprises as empirical context of Western venture philanthropy investing activity, our results suggest that (a) Indian municipalities with social enterprises that have received venture philanthropy investments experience a decrease in income inequality level and (b) when these social enterprises are dominated by a collectivistic organizational identity orientation the effect is stronger. Our findings have implications for the research on hybrid organizations, financing of social entrepreneurship and grand ethical challenges.
Original languageEnglish
JournalJournal of Business Ethics
Number of pages17
ISSN0167-4544
DOIs
Publication statusPublished - 5 Nov 2018

Bibliographical note

Epub ahead of print. Published online: 5. November 2018

Keywords

  • Hybrid organizations
  • Income inequality
  • Social enterprises
  • Venture philanthropy

Cite this

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Social Enterprises, Venture Philanthropy and the Alleviation of Income Inequality. / Di Lorenzo, Francesco; Scarlata, Mariarosa.

In: Journal of Business Ethics, 05.11.2018.

Research output: Contribution to journalJournal articleResearchpeer-review

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