Volume 6, Issue 2 -

Once viewed at opposite ends of a spectrum, financial investment and philanthropy are becoming partners in social enterprise development. Impact investing (II) is one of the most innovative ways to bring the resources of the world’s financial markets to the world’s seemingly intractable problems. Since its emergence from the socially responsible investment field, interest in II has grown substantially among a wide variety of practitioners and service providers throughout the world, although scholarly work in the field is scarce. To stimulate interest in this topic, this paper provides a primer and review of the current knowledge base in II. Our wide search of resources on the topic revealed potential contributions from the legal, financial, social entrepreneurship, and project management literature. We found several themes in our synthesis of the reports, articles and surveys included in our study, and several areas where gaps were evident. In general, practitioners focused on the opportunities of II and its potential, while few studies addressed the challenges associated with its implementation. Because II is not a panacea and is inappropriate for many social enterprises, opportunities exist for studies that rigorously examine the applicability and efficacy of II initiatives. This review of the literature provides scholars with an overview of II and a large number of potential resources to aid in their efforts to advance the knowledge base in the field.

There is widespread recognition of the vital role small and medium enterprises (SME) play in the sustainability of the Canadian rural landscape. However, rural entrepreneurs face barriers and challenges throughout the start-up and growth stages of their ventures. The rapid development of e-commerce, coupled with increasing big-box competition and shifting demographics challenge the sustainability of rural SMEs. The literature recognizes gaps in SME owner capability, pertaining to business planning, the use of financial information, the implementation of Information Technologies, and funding. It should be noted that the effectiveness of Government policies regarding support for training in these areas through publically funded agencies is well documented. However, research regarding the effectiveness of these agencies in reaching and meeting the needs of rural venture owners is primarily restricted to funding requirements. This paper examines the utilization and satisfaction of venture support agencies and community organizations by rural SME owners in 14 communities through a Business Expansion and Retention (BR&E) research project conducted in Alberta, Canada. The results indicated that agency usage can be effectively predicted by firm size, degree of localization, and planning. Results indicate that while many owners identified the need for assistance in training and funding, the utilization of support agencies, underscored by the lack of user satisfaction, may hinder rather than enhance venture viability and growth. The implications for government policy are discussed in the context of enhancing the effectiveness of support agencies, thereby contributing to the viability of ventures and the sustainability of rural communities.

This study responds to calls for theory and research on work–family aspects in entrepreneurship research. This study examines the role of work–family conflict, work–family enhancement and social support on small business owners’ (SBOs) well-being. Drawing from The Household Income and Labour Dynamics in Australia (HILDA) panel data, the sample is restricted to SBOs, married with children under the age of 14 during 2010–2011 (two waves), totaling 167 SBOs. Results revealed that work–family conflict has a negative direct effect on mental health, job, family and life satisfactions. Similarly, work–family enhancement was found to have a direct positive effect on job, family and life satisfaction but not mental health. A significant interaction term also suggested that work–family enhancement moderated the relationship between work–family conflict and SBOs’ job satisfaction. Finally social support was found to have positive main effect on both subjective and psychological well-being. The interventions to well-being of SBOs should aim to balance the work and family lives of SBOs as well as making sure they have adequate social support networks. For public policy makers, support programs should extend from traditional means to balancing work–family matters for this particular occupation. Aside from broadening existing knowledge on the effects of work–family conflict, enhancement and social support, this is one of the first studies to examine well-being as a measure of success for SBOs. Additionally, the use of cross-wave data in the present study helps us to reduce this problem and provide a much stronger causal relationship between the focal variables of interest.