Advancing the model of social entrepreneurial intention: the role of perceived financial security

Abstract

PurposeAlthough few studies indicate that financial concerns matter to social entrepreneurs, the literature is unclear about the extent to which a financial motive affects the intention to start a new social enterprise. Moreover, prior research suggests that the intention to start a new enterprise heavily depends on the societal context in which the enterprise operates. Therefore, this study aims to examine the seminal model of social entrepreneurial intention (SEI) developed by Hockerts (2017) in a different social context; additionally, it proposes a new antecedent of SEI – perceived financial security.Design/methodology/approachThis study used two different measurement scales and samples (n = 436 and 241) in a developing country to validate the model and propose a new antecedent, i.e. the perceived financial security, of SEI. Furthermore, the authors employed the partial least square-structural equation model to test the hypotheses.FindingsThe results demonstrate that social entrepreneurial self-efficacy, perceived social support and perceived financial security directly predict SEI; they further mediate the relationship between prior experience and SEI. Consequently, the model by Hockerts is extended.Originality/valueThis study established perceived financial security as a strong antecedent of SEI, thereby offering a novel insight that a social entrepreneur can be motivated by potential financial concerns.

Feeling compassion and responsible but not starting a social venture: role of empathy and moral obligation in social entrepreneurial intention

“…For example, Kruse (2020) and Politis et al (2016) found that two of the TPB antecedents, attitude towards social entrepreneurship and perceived behavioural control, influence SEI. However, studies that applied Hockerts’ (2017) model found empathy and moral obligation as less influential antecedents of SEI in different social contexts (Aure, 2018; De Sousa-Filho et al , 2020; Lacap et al , 2018; Ukil et al ., 2023).…”

Social entrepreneurial role models’ influence on social entrepreneurial self-efficacy, social entrepreneurial intent, and social entrepreneurial action in South Africa: the moderating role of moral obligation

“…This concept serves as a mediator that connects social entrepreneurial role models to social entrepreneurial intent, implying that the impact of social entrepreneurial role models on social entrepreneurial intent is channeled through the lens of self-efficacy. Recent research by Ukil et al (2023) and Ukil (2022) has specifically explored the mediating role of social entrepreneurial self-efficacy within the domain of social entrepreneurship. Their findings indicate that social entrepreneurial selfefficacy acts as a mediating factor between exposure to social entrepreneurial role models, prior experience in social entrepreneurship and the intent to engage in social entrepreneurial activities.…”

The Effect of Environmental Sustainability Factors, Funding Models, and Risk Management on Social Entrepreneurship Success: A Case Study on CV. Pangalusna Sukabumi

“…Collaboration and network-building emerge as crucial elements in mitigating risks, as partnerships with other organizations and stakeholders provide additional resources and support [30], [31]. Effective risk management in social entrepreneurship extends beyond risk-taking to include resilience and adaptability [32]. Entrepreneurial orientation, characterized by a willingness to take calculated risks, is positively associated with the success of social ventures [33].…”