Special Issue "Entrepreneurship, Finance and Sustainability"
A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic, Business and Management Aspects of Sustainability".
Deadline for manuscript submissions: 30 June 2019
Prof. Dr. Mirjam Knockaert
Department of Innovation, Entrepreneurship and Service Management, Ghent University, Belgium and Centre of Entrepreneurship, University of Oslo, Norway
Website | E-Mail
Phone: +32 9 264 3459
Fax: +32 9 264 7888
Interests: High-tech and innovative entrepreneurship; Technological and academic entrepreneurship; Nascent entrepreneurial process; Intermediaries (VCS, technology intermediaries) and their impact on the entrepreneurial process and its outcomes
Social enterprises have gained increasing attention within the entrepreneurship research field. The growing importance of corporate social responsibility and corporate citizenship suggests that, to be successful, firms can no longer solely focus on financial performance (Dentchev, 2009). Although financial performance remains crucial for survival, there is a growing consensus that ignoring the impact on the environment and the local community can have detrimental effects for firms and can, as a consequence, be a threat for the sustainability of firms. Social enterprises engage in commercial activities to solve social or ecological problems. As such, they face the challenge of pursuing both financial sustainability and social goal achievement. There is a growing interest in how social enterprises deal with their hybrid nature. Future research may address what makes newly created as well as established social enterprises successful in fulfilling their financial and social goals and how they deal with the challenges they are confronted with. More research is needed “to explore the role of entrepreneurial action as a mechanism for sustaining nature and ecosystems while providing economic and non-economic gains for investors, entrepreneurs and societies” (Shepherd and Patzelt, 2011: 138). Furthermore, fast-evolving financial markets offer a plethora of novel financing sources such as crowdfunding that may help young and innovative social enterprises to bridge the financing gap and grow (Calic and Mosakowski, 2016). Yet, the evidence on how these new sources interact with the traditional ones, what are the concomitant (dis)advantages, and the subsequent firm performance implications, especially within a sustainable context, are lacking (Siqueira et al., 2018). In this Special Issue, we are looking to publish papers that critically investigate the link between entrepreneurship, finance and sustainability from a range of theoretical, methodological and disciplinary perspectives.
Papers could focus on (but are not limited to) the following topics:
- (How) do entrepreneurs, small business managers and providers of entrepreneurial finance integrate sustainability into their strategies?
- How will social ventures be financed? How are social ventures differently financed compared to commercial ventures?
- (How) do distinct sources of entrepreneurial financing (including venture capital and business angels) influence the distinct aspects of performance (e.g., financial, environmental, and human) of their portfolio firms? How do investors contribute (or not) to the sustainability of their portfolio firms?
- Which aspects of performance (e.g., financial, environmental, and human) are important for social enterprises? Does this importance differ for different kinds of firms: start-ups versus mature firms, small and medium-sized enterprises versus large firms, commercial versus social ventures?
- Are different aspects of financial and non-financial (early stage) performance related?
- How can the non-financial performance of entrepreneurial firms be assessed? What are the appropriate performance indicators to measure firm performance, with respect to both financial and non-financial performance? Do these indicators differ for different kinds of firms?
- What are the antecedents of the different aspects of performance, and how will they influence the sustainability of entrepreneurial firms?
- How do management control systems influence the distinct aspects of performance (e.g., financial, environmental, and human) and sustainability of firms? How are sustainability objectives (environmental, human, society) incorporated in management control systems?
Prof. Dr. Ine Paeleman
Prof. Dr. Tom Vanacker
Prof. Dr. Mirjam Knockaert
Calic, G., & Mosakowski, E. (2016). Kicking off social entrepreneurship: How a sustainability orientation influences crowdfunding success. Journal of Management Studies, 53(5), 738–767.
Dentchev, N. A. (2009). To what extent is business and society literature idealistic? Business & Society, 48(1), 10–38.
Shepherd, D. A., & Patzelt, H. (2011). The new field of sustainable entrepreneurship: Studying entrepreneurial action linking “what is to be sustained” with “what is to be developed”. Entrepreneurship Theory and Practice, 35(1), 137–163.
Siqueira, A. C. O., Guenster, N., Vanacker, T., & Crucke, S. (2018). A longitudinal comparison of capital structure between young for-profit social and commercial enterprises. Journal of Business Venturing, 33(2), 225–240.
Manuscript Submission Information
Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All papers will be peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.
Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.
Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1700 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.