Besley, Timothy ORCID: 0000-0002-8923-6372 and Ghatak, Maitreesh ORCID: 0000-0002-0126-0897 (2017) Profit with purpose? A theory of social enterprise. American Economic Journal: Economic Policy, 9 (3). pp. 19-58. ISSN 1945-7731
|
PDF
- Accepted Version
Download (1MB) | Preview |
Abstract
When social benefits cannot be measured, an organization that selects managers based on pro-social motivation can be used to balance profits with a social purpose. This paper develops a model of social enterprise based on selection of citizen-managers to run firms with flexible missions. We analyze organizational choice between social enterprise, for-profits, and non-profits. The paper also develops the implications of matching between founders and managers based on their preferences for the mission.
Item Type: | Article |
---|---|
Official URL: | https://www.aeaweb.org/journals/pol |
Additional Information: | © 2016 American Economic Association |
Divisions: | Economics |
Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
Date Deposited: | 08 Dec 2016 14:56 |
Last Modified: | 01 Nov 2024 05:29 |
URI: | http://eprints.lse.ac.uk/id/eprint/68572 |
Actions (login required)
View Item |