Publication: The Key Determinants Of Social Enterprise Performance In The Emerging Of Social Entrepreneurship Nations
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Date
2025-05
Authors
Quyen, Nguyen To
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Abstract
Social enterprises are mission-driven organizations that pursue both (1) financial independence in a manner that is self-sustainable and business-like, and (2) positive social and/or environmental impacts to alleviate a specific social issue. However, performing for both financial and social goals is a challenge, especially for those operating in emerging social entrepreneurship countries (i.E., malaysia, singapore, and vietnam). This poses questions about the sustainable and effective performance of social enterprises in these countries. In this connection, grounded on resource-based theory, effectuation theory, and institutional theory, the empirical data on 155 malaysian, singaporean, and vietnamese social enterprises was analyzed by using a structural equation modeling approach to shed light on the social enterprise performance drivers. The sample was selected using a purposive sampling strategy to effectively target and include hard-to-identify demographic groups like social enterprises. Notably, entrepreneurial orientation and effectuation positively influence social enterprise's financial performance, while social orientation and causation demonstrate a significant impact on social performance, highlighting the importance of selecting specific areas for improvement in guiding and controlling social enterprises to achieve the dual goals.
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Determinants Social Enterprise Performance Emerging Social