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Creating Market Inclusion: Assessing the Role of Social Entrepreneurship in Working Institutional Voids in a Developed Market

Creating Market Inclusion: Assessing the Role of Social Entrepreneurship in Working Institutional Voids in a Developed Market
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Author(s): Jose Godinez (University of Massachusetts Lowell, USA)
Copyright: 2018
Pages: 17
Source title: Evolving Entrepreneurial Strategies for Self-Sustainability in Vulnerable American Communities
Source Author(s)/Editor(s): Luis Javier Sanchez-Barrios (Universidad del Norte, Colombia)and Liyis Gomez-Nunez (Universidad del Norte, Colombia)
DOI: 10.4018/978-1-5225-2860-9.ch015

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Abstract

Understanding how social entrepreneurship as a tool of financial development has been in the center of the entrepreneurship and management disciplines for the last couple of decades. These studies have furthered our understanding of how social entrepreneurship helps the most vulnerable populations around the world. However, much of the literature on this subject has been devoted to analyze how social entrepreneurship aids such populations in developing locations. While this chapter does not try to diminish the admirable work carried by social entrepreneurs in developing countries, it points out that an analysis of this discipline in a developed location is overdue. To initiate a conversation, this chapter analyzes how institutional voids can arise in a developed location and the role that social entrepreneurship has in closing such gaps and to include vulnerable populations in the formal banking industry in the United States.

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