Journal of Business Ethics 165 (3):425-451 (2020)

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.
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DOI 10.1007/s10551-018-4086-9
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References found in this work BETA

The Collaborative Enterprise.Antonio Tencati & Laszlo Zsolnai - 2009 - Journal of Business Ethics 85 (3):367-376.
Framing Social Problems in Social Entrepreneurship.Chantal Hervieux & Annika Voltan - 2018 - Journal of Business Ethics 151 (2):279-293.
Economy of Mutuality: Merging Financial and Social Sustainability.Kevin Jackson - 2016 - Journal of Business Ethics 133 (3):499-517.

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