IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v196y2023ics0040162523005255.html
   My bibliography  Save this article

Social venture scaling: Does the technological environment matter?

Author

Listed:
  • Anokhin, Sergey
  • Eggers, Fabian

Abstract

In a generalizable multi-year sample of U.S. counties, we demonstrate that horizontal scaling of social ventures is explained by technological factors including technological endowment (patent stock) and the availability of technological arbitrage opportunity, as well as the growth in these two factors over time. Both the technological endowment and the availability of technological arbitrage opportunity are positively related to social venture scaling. However, growth in the technological endowment eases the pressure on social entrepreneurs to act thus exerting negative impact on social venture scaling. At the same time, growth in the availability of technological arbitrage opportunity indicates that the relative efficiency within the county lags behind the frontier established by the leading counties, which may exacerbate social ills to which social entrepreneurs respond. Accordingly, it exerts a positive impact on social venture scaling observed.

Suggested Citation

  • Anokhin, Sergey & Eggers, Fabian, 2023. "Social venture scaling: Does the technological environment matter?," Technological Forecasting and Social Change, Elsevier, vol. 196(C).
    • Handle: RePEc:eee:tefoso:v:196:y:2023:i:c:s0040162523005255
    DOI: 10.1016/j.techfore.2023.122840
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162523005255
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techfore.2023.122840?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Maria Francesca Savarese & Luigi Orsi & Fiorenza Belussi, 2016. "New venture high growth in high-tech environments," European Planning Studies, Taylor & Francis Journals, vol. 24(11), pages 1937-1958, November.
    2. Sergey Anokhin & Joakim Wincent & Erkko Autio, 2011. "Operationalizing opportunities in entrepreneurship research: use of data envelopment analysis," Small Business Economics, Springer, vol. 37(1), pages 39-57, July.
    3. Doganova, Liliana & Eyquem-Renault, Marie, 2009. "What do business models do?: Innovation devices in technology entrepreneurship," Research Policy, Elsevier, vol. 38(10), pages 1559-1570, December.
    4. A. Bhargava & L. Franzini & W. Narendranathan, 2006. "Serial Correlation and the Fixed Effects Model," World Scientific Book Chapters, in: Econometrics, Statistics And Computational Approaches In Food And Health Sciences, chapter 4, pages 61-77, World Scientific Publishing Co. Pte. Ltd..
    5. Sergey Anokhin & Joakim Wincent & Marvin Troutt, 2017. "Measuring technological arbitrage opportunities: methodological implications for industry analysis with time series data," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 26(6), pages 1021-1038.
    6. Ardichvili, Alexander & Cardozo, Richard & Ray, Sourav, 2003. "A theory of entrepreneurial opportunity identification and development," Journal of Business Venturing, Elsevier, vol. 18(1), pages 105-123, January.
    7. Alvarez, Sharon A. & Barney, Jay B., 2004. "Organizing rent generation and appropriation: toward a theory of the entrepreneurial firm," Journal of Business Venturing, Elsevier, vol. 19(5), pages 621-635, September.
    8. Henry Tulkens & Philippe Eeckaut, 2006. "Non-Frontier Measures of Efficiency, Progress and Regress for Time Series Data," Springer Books, in: Parkash Chander & Jacques Drèze & C. Knox Lovell & Jack Mintz (ed.), Public goods, environmental externalities and fiscal competition, chapter 0, pages 373-394, Springer.
    9. Zoltán J. Ács & Pontus Braunerhjelm & David B. Audretsch & Bo Carlsson, 2015. "The knowledge spillover theory of entrepreneurship," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 7, pages 129-144, Edward Elgar Publishing.
    10. Sandro Montresor & Francesco Quatraro, 2020. "Green technologies and Smart Specialisation Strategies: a European patent-based analysis of the intertwining of technological relatedness and key enabling technologies," Regional Studies, Taylor & Francis Journals, vol. 54(10), pages 1354-1365, October.
    11. Anokhin, Sergey & Schulze, William S., 2009. "Entrepreneurship, innovation, and corruption," Journal of Business Venturing, Elsevier, vol. 24(5), pages 465-476, September.
    12. John C. Driscoll & Aart C. Kraay, 1998. "Consistent Covariance Matrix Estimation With Spatially Dependent Panel Data," The Review of Economics and Statistics, MIT Press, vol. 80(4), pages 549-560, November.
    13. Sergey Anokhin, 2013. "Venture migration: a quest for a low-hanging fruit?," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 25(5-6), pages 423-445, June.
    14. Claudio Michelacci, 2003. "Low Returns in R&D Due to the Lack of Entrepreneurial Skills," Economic Journal, Royal Economic Society, vol. 113(484), pages 207-225, January.
    15. Bruce Hollingsworth, 2004. "Non Parametric Efficiency Measurement," Economic Journal, Royal Economic Society, vol. 114(496), pages 307-311, June.
    16. Johanna Mair & Ignasi Marti, 2006. "Social Entrepreneurship Research: A Source of Explanation, Prediction, and Delight," Post-Print hal-02311880, HAL.
    17. Paul N. Bloom & Brett R. Smith, 2010. "Identifying the Drivers of Social Entrepreneurial Impact: Theoretical Development and an Exploratory Empirical Test of SCALERS," Journal of Social Entrepreneurship, Taylor & Francis Journals, vol. 1(1), pages 126-145, March.
    18. Henry Tulkens & Philippe Eeckaut, 2006. "Nonparametric Efficiency, Progress and Regress Measures For Panel Data: Methodological Aspects," Springer Books, in: Parkash Chander & Jacques Drèze & C. Knox Lovell & Jack Mintz (ed.), Public goods, environmental externalities and fiscal competition, chapter 0, pages 395-429, Springer.
    19. Meng Zhao & Jun Han, 2020. "Tensions and Risks of Social Enterprises’ Scaling Strategies: The Case of Microfinance Institutions in China," Journal of Social Entrepreneurship, Taylor & Francis Journals, vol. 11(2), pages 134-154, May.
    20. Filipe Santos, 2012. "A Positive Theory of Social Entrepreneurship," Journal of Business Ethics, Springer, vol. 111(3), pages 335-351, December.
    21. Mendoza-Abarca, Karla I. & Anokhin, Sergey & Zamudio, César, 2015. "Uncovering the influence of social venture creation on commercial venture creation: A population ecology perspective," Journal of Business Venturing, Elsevier, vol. 30(6), pages 793-807.
    22. Catherine Armington & Zoltan J. Acs, 2008. "The Determinants of Regional Variation in New Firm Formation," Chapters, in: Entrepreneurship, Growth and Public Policy, chapter 18, pages 224-243, Edward Elgar Publishing.
    23. Brett R. Smith & Christopher E. Stevens, 2010. "Different types of social entrepreneurship: The role of geography and embeddedness on the measurement and scaling of social value," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 22(6), pages 575-598, October.
    24. Georg Stampfl & Reinhard Prügl & Vincent Osterloh, 2013. "An explorative model of business model scalability," International Journal of Product Development, Inderscience Enterprises Ltd, vol. 18(3/4), pages 226-248.
    25. Daniel Hoechle, 2007. "Robust standard errors for panel regressions with cross-sectional dependence," Stata Journal, StataCorp LP, vol. 7(3), pages 281-312, September.
    26. Geoffrey Desa & James L. Koch, 2014. "Scaling Social Impact: Building Sustainable Social Ventures at the Base-of-the-Pyramid," Journal of Social Entrepreneurship, Taylor & Francis Journals, vol. 5(2), pages 146-174, May.
    27. Stahl, Konrad, 1982. "Differentiated Products, Consumer Search, and Locational Oligopoly," Journal of Industrial Economics, Wiley Blackwell, vol. 31(1-2), pages 97-113, September.
    28. James Austin & Howard Stevenson & Jane Wei–Skillern, 2006. "Social and Commercial Entrepreneurship: Same, Different, or Both?," Entrepreneurship Theory and Practice, , vol. 30(1), pages 1-22, January.
    29. Anokhin, Sergey & Wincent, Joakim, 2014. "Technological arbitrage opportunities and interindustry differences in entry rates," Journal of Business Venturing, Elsevier, vol. 29(3), pages 437-452.
    30. Kafouros, Mario & Aliyev, Murod & Krammer, Sorin M.S., 2021. "Do firms profit from patent litigation? The contingent roles of diversification and intangible assets," Research Policy, Elsevier, vol. 50(6).
    31. Craig VanSandt & Mukesh Sud & Christopher Marmé, 2009. "Enabling the Original Intent: Catalysts for Social Entrepreneurship," Journal of Business Ethics, Springer, vol. 90(3), pages 419-428, December.
    32. Fangqing Wei & Yi Yang & Yao Chen & Feng Yang, 2022. "The effects of venture capital investments on industrial innovative opportunities and technological arbitrage opportunities," Small Business Economics, Springer, vol. 58(4), pages 2261-2280, April.
    33. Tippmann, Esther & Ambos, Tina C. & Del Giudice, Manlio & Monaghan, Sinéad & Ringov, Dimo, 2023. "Scale-ups and scaling in an international business context," Journal of World Business, Elsevier, vol. 58(1).
    34. Baltagi, Badi H. & Wu, Ping X., 1999. "Unequally Spaced Panel Data Regressions With Ar(1) Disturbances," Econometric Theory, Cambridge University Press, vol. 15(6), pages 814-823, December.
    35. Ignacio Bretos & Millán Díaz-Foncea & Carmen Marcuello, 2020. "International Expansion of Social Enterprises as a Catalyst for Scaling up Social Impact across Borders," Sustainability, MDPI, vol. 12(8), pages 1-22, April.
    36. Dean A. Shepherd & Holger Patzelt, 2022. "A Call for Research on the Scaling of Organizations and the Scaling of Social Impact," Entrepreneurship Theory and Practice, , vol. 46(2), pages 255-268, March.
    37. Mair, Johanna & Martí, Ignasi, 2006. "Social entrepreneurship research: A source of explanation, prediction, and delight," Journal of World Business, Elsevier, vol. 41(1), pages 36-44, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Anokhin, Sergey & Wincent, Joakim, 2014. "Technological arbitrage opportunities and interindustry differences in entry rates," Journal of Business Venturing, Elsevier, vol. 29(3), pages 437-452.
    2. De Beule, Filip & Bruneel, Johan & Dobson, Kieran, 2023. "The internationalization of social enterprises: The impact of business model characteristics," International Business Review, Elsevier, vol. 32(6).
    3. Islam, Syrus M., 2020. "Towards an integrative definition of scaling social impact in social enterprises," Journal of Business Venturing Insights, Elsevier, vol. 13(C).
    4. Busch, Christian & Barkema, Harry, 2022. "Align or perish: social enterprise network orchestration in Sub-Saharan Africa," LSE Research Online Documents on Economics 115350, London School of Economics and Political Science, LSE Library.
    5. Syrus M Islam, 2022. "Social impact scaling strategies in social enterprises: A systematic review and research agenda," Australian Journal of Management, Australian School of Business, vol. 47(2), pages 298-321, May.
    6. Bonfanti, Angelo & De Crescenzo, Veronica & Simeoni, Francesca & Loza Adaui, Cristian R., 2024. "Convergences and divergences in sustainable entrepreneurship and social entrepreneurship research: A systematic review and research agenda," Journal of Business Research, Elsevier, vol. 170(C).
    7. De Beule, Filip & Klein, Martin & Verwaal, Ernst, 2020. "Institutional quality and inclusive strategies at the base of the pyramid," Journal of World Business, Elsevier, vol. 55(5).
    8. Harris, Jared D. & Sapienza, Harry J. & Bowie, Norman E., 2009. "Ethics and entrepreneurship," Journal of Business Venturing, Elsevier, vol. 24(5), pages 407-418, September.
    9. Sophie Bacq & Kimberly A. Eddleston, 2018. "A Resource-Based View of Social Entrepreneurship: How Stewardship Culture Benefits Scale of Social Impact," Journal of Business Ethics, Springer, vol. 152(3), pages 589-611, October.
    10. Busch, Christian & Barkema, Harry, 2022. "Align or perish: Social enterprise network orchestration in Sub-Saharan Africa," Journal of Business Venturing, Elsevier, vol. 37(2).
    11. Khursheed, Ambreen & Fatima, Maham & Mustafa, Faisal & Nawaz Lodhi, Rab & Akhtar, Ayesha, 2021. "An Empirical Analysis of the Factors Influencing Social Entrepreneurship: A Gendered Approach," Cuadernos de Gestión, Universidad del País Vasco - Instituto de Economía Aplicada a la Empresa (IEAE).
    12. Janni Grouleff Nielsen & Rainer Lueg & Dennis van Liempd, 2019. "Managing Multiple Logics: The Role of Performance Measurement Systems in Social Enterprises," Sustainability, MDPI, vol. 11(8), pages 1-23, April.
    13. Moriah Meyskens & Colleen Robb–Post & Jeffrey A. Stamp & Alan L. Carsrud & Paul D. Reynolds, 2010. "Social Ventures from a Resource–Based Perspective: An Exploratory Study Assessing Global Ashoka Fellows," Entrepreneurship Theory and Practice, , vol. 34(4), pages 661-680, July.
    14. Mendoza-Abarca, Karla I. & Anokhin, Sergey & Zamudio, César, 2015. "Uncovering the influence of social venture creation on commercial venture creation: A population ecology perspective," Journal of Business Venturing, Elsevier, vol. 30(6), pages 793-807.
    15. Adélie Ranville & Marcos Barros, 2022. "Towards Normative Theories of Social Entrepreneurship. A Review of the Top Publications of the Field," Journal of Business Ethics, Springer, vol. 180(2), pages 407-438, October.
    16. Filipe Santos, 2012. "A Positive Theory of Social Entrepreneurship," Journal of Business Ethics, Springer, vol. 111(3), pages 335-351, December.
    17. Deng, Wei & Liang, Qiao Zhuan & Fan, Pei Hua, 2019. "Complements or substitutes? Configurational effects of entrepreneurial activities and institutional frameworks on social well-being," Journal of Business Research, Elsevier, vol. 96(C), pages 194-205.
    18. Kumudu Jayawardhana & Imali Fernando & Janaka Siyambalapitiya, 2022. "Sustainability in Social Enterprise Research: A Systematic Literature Review," SAGE Open, , vol. 12(3), pages 21582440221, September.
    19. Paola Bernardi & Alberto Bertello & Canio Forliano & Ludovico Bullini Orlandi, 2022. "Beyond the “ivory tower”. Comparing academic and non-academic knowledge on social entrepreneurship," International Entrepreneurship and Management Journal, Springer, vol. 18(3), pages 999-1032, September.
    20. Gupta, Parul & Chauhan, Sumedha & Paul, Justin & Jaiswal, M.P., 2020. "Social entrepreneurship research: A review and future research agenda," Journal of Business Research, Elsevier, vol. 113(C), pages 209-229.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:tefoso:v:196:y:2023:i:c:s0040162523005255. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.