Reference : Social finance in Europe: The transition from grants to follow-up financing for socia...
Parts of books : Contribution to collective works
Business & economic sciences : Strategy & innovation
Entrepreneurship and Innovation / Audit
http://hdl.handle.net/10993/52252
Social finance in Europe: The transition from grants to follow-up financing for social enterprises
English
Hirschmann, Mirko mailto []
Moritz, Alexandra []
2020
Social finance in Europe: The transition from grants to follow-up financing for social enterprises
Moritz, Alexandra
Block, Jörn
Golla, Stephan
Werner, Arndt
Springer
251-276
Yes
978-3-030-17612-9
[en] Social enterprise ; Grants ; Social finance ; Follow-up financing
[en] A large number of social enterprises (SEs) use grants as early-stage financing to establish their ventures. However, we know little about the requirements for SEs to receive grants and their follow-up financing opportunities. Based on an interview study with 13 European SEs, we show that SEs need to go through a resource-intensive application process to be able to receive a grant. To finally receive a grant, we find that nonfinancial aspects (e.g., involved people’s passion) and financial sustainability are the most important factors for convincing possible grant providers to finance an SE’s venture. Furthermore, based on signaling theory, we demonstrate that obtaining a grant increases the likelihood of finding follow-up investors. We suggest that further quantitative research should test our conceptual model, which is built on four propositions we formulate.
Researchers
http://hdl.handle.net/10993/52252
10.1007/978-3-030-17612-9_10
https://link.springer.com/chapter/10.1007/978-3-030-17612-9_10

File(s) associated to this reference

Fulltext file(s):

FileCommentaryVersionSizeAccess
Limited access
HIRSCH~1.PDFPublisher postprint217.51 kBRequest a copy

Bookmark and Share SFX Query

All documents in ORBilu are protected by a user license.