Financing social enterprise: social bricolage or evolutionary entrepreneurialism?
Financing social enterprise: social bricolage or evolutionary entrepreneurialism?
This paper examines the extent to which urban social enterprises (SEs) have diversified their funding sources and shifted towards loans and development finance in recent years. The paper considers the underlying reasons for a limited demand for loans by comparing two theoretical perspectives on SE development. The concept of 'social bricolage' implies SEs do not seek conventional loans or equity finance because they survive in resource poor environments by improvising and re-using redundant capital. A second evolutionary approach implies SE financing will be dominated by reliance on habits and practices learnt from the context in which social entreprenerurs have operated.
108-122
Sunley, Peter
a3efb579-965f-4f39-812e-9e07caf15afd
Pinch, S.
39982453-bdf8-4686-8018-b5b8b2030c6a
2012
Sunley, Peter
a3efb579-965f-4f39-812e-9e07caf15afd
Pinch, S.
39982453-bdf8-4686-8018-b5b8b2030c6a
Sunley, Peter and Pinch, S.
(2012)
Financing social enterprise: social bricolage or evolutionary entrepreneurialism?
Social Enterprise Journal, 8 (2), .
(doi:10.1108/17508611211252837).
Abstract
This paper examines the extent to which urban social enterprises (SEs) have diversified their funding sources and shifted towards loans and development finance in recent years. The paper considers the underlying reasons for a limited demand for loans by comparing two theoretical perspectives on SE development. The concept of 'social bricolage' implies SEs do not seek conventional loans or equity finance because they survive in resource poor environments by improvising and re-using redundant capital. A second evolutionary approach implies SE financing will be dominated by reliance on habits and practices learnt from the context in which social entreprenerurs have operated.
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Published date: 2012
Organisations:
Economy, Society and Space
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Local EPrints ID: 343586
URI: http://eprints.soton.ac.uk/id/eprint/343586
ISSN: 1750-8614
PURE UUID: 6c328077-dc8d-484e-9126-8ee6c034b608
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Date deposited: 09 Oct 2012 14:10
Last modified: 15 Mar 2024 03:17
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