Volunteering In The Creation Of Entrepreneurship

Mer, 13/04/2022 - 14:00 / 15:00

Research Seminar Virtual Room, Luiss

Speaker: Cheng Wang , Drexel University

Abstract:

We propose that participation in voluntary organizations increases the likelihood of entrepreneurship, because volunteering can enhance a person's sense of social belonging and self-esteem, both of which help mitigate the role strain associated with the distinctive entrepreneurial identity. We further predict that people who participate in diverse voluntary organizations are particularly likely to start their own business, because affiliations with diverse organizations not only enhance the social-psychological benefits for new venture creation but also buffer the potential loss of a source of belonging and self-esteem caused by the discontinuation of a voluntary organization. Analysis of data from the National Longitudinal Survey of Youth supported these propositions. Our study highlights the social-psychological benefits of social capital for starting a new business. These benefits stem from participating in voluntary organizations, an important yet largely neglected form of social capital. A better-developed self through volunteering thus helps actors cope with social-psychological challenges in economic life.