Abstract: This paper examines the influence of founding team entrepreneurial experience (for-profit and non-profit) on social enterprise performance, and considers the contingent effects of two forms of external financial capital (commercial and philanthropic finance), through the lens of both human capital and institutional logics. Using a global dataset of social enterprises, we find that non-profit entrepreneurial experience boosts social enterprise performance. Additionally, we find that having a complementary institutional logics (social or commercial) fit between the founding team’s human capital and external financial capital is positively associated with social enterprise performance.
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