Journal of Entrepreneurship, Business and Economics

1–20

Authors: Shalini Nigam, Atul Narang,Yogita Narang

Purpose- Social entrepreneurship is gaining ground rapidly as a field of research and practice and attracting increasing interest within the policy-making authorities, research on social entrepreneurship still falls far behind the practice. The different concepts used by the literature are often defined unwell and can take on a variety of meanings with little consensus so far reached among scholars. The concept of social entrepreneurship continues to convey different things to different people and there is no clear understanding and uniformity on where to locate it and on how to qualify social entrepreneurs. The paper is an attempt to clarify the boundary of Social Entrepreneurship and differentiating it from related concepts like: Corporate Entrepreneurship, sustainability and self sufficiency, earned income strategies and social purpose businesses etc. Design/methodology/approach- To do so, secondary data has been used. The methodology involved the extensive use of Literature review in the field of Social Entrepreneurship. Findings- It can be said that definitions of social entrepreneurship and social enterprise vary to a great extent at the international level with a number of authors using the two interchangeably. The clarity has been provided in differentiating various related terms. Research Implications- There has been lot of confusions about to whom we can call social entrepreneurs and what are the differences which make social entrepreneurs apart from their related communities. More clarity on the concept will add to provide more ground for the expansion of social entrepreneurs. Originality/value- The present study is among the first study to clarify the similarities and differences in the field of Social Entrepreneurship and thus lays the foundation on which further research in the fild of Social Entrepreneurship could be carried out. Research Paper Keywords: Entrepreneurship, Social Entrepreneurship, Social Enterprise, Social Entrepreneurial Ventures.

41–63

Authors: Keyhan Asadi Sisakht, Sharareh Jalili Orumieh, Kambeiz Talebi

Purpose- As any increase in the price of resources and any imitation by competitors decrease entrepreneurial rent, the entrepreneurs should use some kind of strategies to preserve this rent. We used resource based view as a lens for finding these strategies. Design/methodology/approach- For conducting this research, qualitative method was used and qualitative research questionnaire was formed based on Peteraf model, 15 entrepreneurial companies have participated for completing this study. Findings A total of 13 strategies have been identified and analyzed which are: Pioneering strategy, Economy of Scale, Establishing reputation and brand, Creating continuous innovation, Secrecy and ambiguity strategy, Franchise development, Control of resources, Legal barriers, Compromise with competitors, Selecting strategic location for business, Sharing profit with resource owners, Supplier diversification and Vertical integration. Research Implications- Entrepreneurs can use these strategies to preserve their rent. In addition, the researchers can use these results for further research and developing the literature of entrepreneurial strategies which was not rich before presenting this research. Originality/value- This is the first qualitative research which tries to identify entrepreneurial strategies through the resource-based view lens. Furthermore the research tries to differentiate entrepreneurial strategies from non-entrepreneurial strategies for the first time. Conceptual Paper Keywords: Entrepreneurial Strategies, Resource-based View, Entrepreneurial Rent, Imitation Barrier Strategies, Qualitative Research Method.

74–87

Authors: Dinh Tran Ngoc Huy

Purpose- This research paper evaluates the impacts of external financing on market risk for the listed firms in the Vietnam medical industry as it becomes necessary, esp. after the financial crisis 2007-2009. Design/methodology/approach- First, by using quantitative and analytical methods to estimate asset and equity beta of total 10 listed companies in Viet Nam medical industry with a proper traditional model. Second, we used three scenarios. Finally, leverage changed in three scenarios. Findings- We found out that the beta values, in general, for many institutions are acceptable. Under 3 different scenarios of changing leverage (in 2011 financial reports, 30% up and 20% down), we recognized that the risk level, measured by equity and asset beta mean, decreases when leverage increases to 30% and it increases in case leverage down to 20%. Third, by changing leverage in 3 scenarios, we recognized the dispersion of risk level, measured by equity beta var, increases if the leverage increases to 30%. Compared to the results of other industries, we see that asset beta var in here increases when leverage up to 30% as well as that in consumer good industry. Originality/value- Finally, this paper provides some outcomes that could provide companies and government more evidence in establishing their policies in governance. Research Paper