- Title
- Necessary conditions for social enterprise: the case of the microinsurance sector
- Creator
- Chen, Stephen; Elango, B.; Jones, Jim
- Relation
- Social Business Vol. 9, Issue 4, p. 395-412
- Publisher Link
- http://dx.doi.org/10.1362/204440819X15736559839395
- Publisher
- Westburn Publishers
- Resource Type
- journal article
- Date
- 2019
- Description
- Purpose: The aim of the paper is to identify the institutional factors in a country that are necessary conditions for social entrepreneurship, as opposed to sufficient factors. Design/methodology/approach: Employing the relatively new method of Necessary Condition Analysis (NCA) and a proprietary database on microinsurance providers, we examine the level of microinsurance provision relative to the population size in 54 countries in Latin America, Africa and the Middle East. Findings: We find that high levels of religiosity and poverty in the country are necessary conditions for a high level of microinsurance enterprises, while conventional institutional development measures such as uneven economic development and state fragility show only low to medium levels of necessity. Limitations: The study is limited by the paucity of data on microinsurance in different countries worldwide. Implications: The findings have both theoretical and practical implications about the types of institutional factors that are necessary for a high level of microinsurance social enterprises in a country, highlighting the need to look beyond formal economic and political institutional factors and the need to consider informal institutional factors such as religion. Contribution: We contribute to the research literature on social enterprises by highlighting the key conditions in a country that are necessary for a high level of microinsurance social enterprises.
- Subject
- emerging markets; institutions; microinsurance; necessary condition analysis; religion; social enterprise
- Identifier
- http://hdl.handle.net/1959.13/1463178
- Identifier
- uon:46660
- Identifier
- ISSN:2044-9860
- Language
- eng
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