Impact of Social Entrepreneurial Factors on Sustainable Enterprise Development: Mediating Role of Social Network and Moderating Effect of Government Regulations

Abstract

Social entrepreneurship is the procedure of social mission that helps the society using innovative ideas and merging resources to develop economic and social values. This study aims to identify the role of social mission and social innovation on sustainable enterprise development with the mediating role of social network, and the moderating role of government regulations. The nature of our study is cross-sectional, and structural equation modeling is used on a sample of 486 social entrepreneurs from 27 countries with the help of online survey data. The results illustrate that social mission and social innovation are positively related to sustainable enterprise development. Besides, findings indicate that social network has a partially mediating role in the relationship between social mission and social innovation on sustainable enterprise development. Moreover, this study states that government regulations also have a positive influence and significant moderating effect on sustainable enterprise development. Our findings might be helpful for social entrepreneurs to create a more positive social impact on society and business enterprise’s growth.