Toward Economic Growth and Value Creation Through Social Entrepreneurship: Modelling the Mediating Role of Innovation
The concept of social entrepreneurship emerged as a significant factor that contributes toward public welfare and prosperity. Recent studies showed that social entrepreneurship influences the economic growth and sustainability of the state. Therefore, the underlying aim of this study was to investig...
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2022-06-01
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| Series: | Frontiers in Psychology |
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| Online Access: | https://www.frontiersin.org/articles/10.3389/fpsyg.2022.914700/full |
| _version_ | 1811243422036525056 |
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| author | Wenjie Wang |
| author_facet | Wenjie Wang |
| author_sort | Wenjie Wang |
| collection | DOAJ |
| description | The concept of social entrepreneurship emerged as a significant factor that contributes toward public welfare and prosperity. Recent studies showed that social entrepreneurship influences the economic growth and sustainability of the state. Therefore, the underlying aim of this study was to investigate the impact of social entrepreneurship on sustainable economic growth and value creation. This study also undertook to observe the mediating role of innovation in the relationship between social entrepreneurship and sustainable economic growth and between social entrepreneurship and value creation. A questionnaire technique was adopted to obtain data from 343 tour operators in China. The Smart-PLS software was used to analyze the data through the aid of a structural equation modelling (SEM) technique. The results revealed that social entrepreneurship has an effect on sustainable economic growth and value creation. The results also demonstrated that innovation has an effect on sustainable economic growth and value creation. Moreover, it was also observed that innovation mediated the relationship between social entrepreneurship and sustainable economic growth and between social entrepreneurship and value creation. Theoretically, this study made a valuable contribution by examining the impact of social entrepreneurship on sustainable economic growth and value creation and innovation as a mediator. In terms of practical implications, this study would certainly aid the policymakers to devise policies and strategies aim to encourage and promote social entrepreneurship. Moreover, future studies can introduce other mediating and moderating variables in order to gain a deeper insight into the phenomenon. |
| first_indexed | 2024-04-12T14:08:15Z |
| format | Article |
| id | doaj.art-013c94174dd84a9ca5058e4218486002 |
| institution | Directory Open Access Journal |
| issn | 1664-1078 |
| language | English |
| last_indexed | 2024-04-12T14:08:15Z |
| publishDate | 2022-06-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Psychology |
| spelling | doaj.art-013c94174dd84a9ca5058e42184860022022-12-22T03:30:01ZengFrontiers Media S.A.Frontiers in Psychology1664-10782022-06-011310.3389/fpsyg.2022.914700914700Toward Economic Growth and Value Creation Through Social Entrepreneurship: Modelling the Mediating Role of InnovationWenjie WangThe concept of social entrepreneurship emerged as a significant factor that contributes toward public welfare and prosperity. Recent studies showed that social entrepreneurship influences the economic growth and sustainability of the state. Therefore, the underlying aim of this study was to investigate the impact of social entrepreneurship on sustainable economic growth and value creation. This study also undertook to observe the mediating role of innovation in the relationship between social entrepreneurship and sustainable economic growth and between social entrepreneurship and value creation. A questionnaire technique was adopted to obtain data from 343 tour operators in China. The Smart-PLS software was used to analyze the data through the aid of a structural equation modelling (SEM) technique. The results revealed that social entrepreneurship has an effect on sustainable economic growth and value creation. The results also demonstrated that innovation has an effect on sustainable economic growth and value creation. Moreover, it was also observed that innovation mediated the relationship between social entrepreneurship and sustainable economic growth and between social entrepreneurship and value creation. Theoretically, this study made a valuable contribution by examining the impact of social entrepreneurship on sustainable economic growth and value creation and innovation as a mediator. In terms of practical implications, this study would certainly aid the policymakers to devise policies and strategies aim to encourage and promote social entrepreneurship. Moreover, future studies can introduce other mediating and moderating variables in order to gain a deeper insight into the phenomenon.https://www.frontiersin.org/articles/10.3389/fpsyg.2022.914700/fullsocial entrepreneurshipinnovationsustainable economic growthvalue creationSEM technique |
| spellingShingle | Wenjie Wang Toward Economic Growth and Value Creation Through Social Entrepreneurship: Modelling the Mediating Role of Innovation Frontiers in Psychology social entrepreneurship innovation sustainable economic growth value creation SEM technique |
| title | Toward Economic Growth and Value Creation Through Social Entrepreneurship: Modelling the Mediating Role of Innovation |
| title_full | Toward Economic Growth and Value Creation Through Social Entrepreneurship: Modelling the Mediating Role of Innovation |
| title_fullStr | Toward Economic Growth and Value Creation Through Social Entrepreneurship: Modelling the Mediating Role of Innovation |
| title_full_unstemmed | Toward Economic Growth and Value Creation Through Social Entrepreneurship: Modelling the Mediating Role of Innovation |
| title_short | Toward Economic Growth and Value Creation Through Social Entrepreneurship: Modelling the Mediating Role of Innovation |
| title_sort | toward economic growth and value creation through social entrepreneurship modelling the mediating role of innovation |
| topic | social entrepreneurship innovation sustainable economic growth value creation SEM technique |
| url | https://www.frontiersin.org/articles/10.3389/fpsyg.2022.914700/full |
| work_keys_str_mv | AT wenjiewang towardeconomicgrowthandvaluecreationthroughsocialentrepreneurshipmodellingthemediatingroleofinnovation |