Vissa Balagopal, INSEAD
Vissa Balagopal, INSEAD
How do successful for-profit entrepreneurs impact society?
How do successful for-profit entrepreneurs impact society?
04 May 201612:00 PM – 1:00 PM
Faculty and doctoral students only
Please join the International Seminar Series on Wednesday, May 4 when Bala Vissa, Associate Professor of Entrepreneurship and Chair, Entrepreneurship and Family Enterprise Area at INSEAD, will present the paper, "How do successful for-profit entrepreneurs impact society?"
ABSTRACT
We explore whether and how commercial entrepreneurs that have experienced economic
success through a financial exit event from their for-profit venture involve themselves
in social change activities. Answering this question is theoretically and practically
important because we know little about how new economic elites (such as newly wealthy
commercial entrepreneurs) bring about social change. Using an imprinting perspective
we develop a framework on how achieved and ascribed imprinting elements influence
successful commercial entrepreneurs’ subsequent involvement in social change. We argue
commercial entrepreneurs get imprinted by achieved attributes such as the quality
(proxied by exit valuation) of the commercial venture they build and their prior educational
background; in addition we examine imprinting by ascribed attributes such as their
age at exit and gender. We tested our framework using a hand collected dataset of
665 Indian entrepreneurs that experienced a successful exit from their for-profit
venture during 2003 - 2013. Our results suggest that entrepreneurs’ age at exit, gender,
overseas educational experiences and exit valuation of their for-profit venture are
important predictors of their involvement in social change activities. We discuss
our contribution to the literatures on entrepreneurship and social impact.
Location:
Baker Library | Bloomberg Center 102