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Assessing the Non-financial Outcomes of Social Enterprises in Luxembourg

Author

Listed:
  • Francesco Sarracino

    (STATEC Research
    National Research University Higher School of Economics)

  • Luca Fumarco

    (STATEC Research)

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.

Suggested Citation

  • Francesco Sarracino & Luca Fumarco, 2020. "Assessing the Non-financial Outcomes of Social Enterprises in Luxembourg," Journal of Business Ethics, Springer, vol. 165(3), pages 425-451, September.
    • Handle: RePEc:kap:jbuset:v:165:y:2020:i:3:d:10.1007_s10551-018-4086-9
    DOI: 10.1007/s10551-018-4086-9
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    Cited by:

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    2. Mario Vázquez-Maguirre, 2020. "Building Sustainable Rural Communities through Indigenous Social Enterprises: A Humanistic Approach," Sustainability, MDPI, vol. 12(22), pages 1-21, November.
    3. Kelsey J. O'Connor, 2020. "Life Satisfaction and Noncognitive Skills: Effects on the Likelihood of Unemployment," Kyklos, Wiley Blackwell, vol. 73(4), pages 568-604, November.

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