TOWARD MEASURING THE SOCIAL IMPACT OF ENTREPRENEURIAL FIRMS

When large, for-profits engage in social value creation, this is generally referred to as corporate social responsibility (CSR) and the measure of social value is referred to as corporate social performance (CSP). There is an extensive literature on CSR and CSP, mostly concerned with the question of whether firms “do well” by “doing good” (Orlitzky, et al., 2003). The role of entrepreneurs and small firms in creating social value is less well understood and has been given much less attention. We integrate and extend the literatures on CSR, CSP and Social Entrepreneurship to examine measuring the social impact of entrepreneurs.