Balancing Social Entrepreneurial Ventures' Double Bottom Line: Corporate Governance, Nonprofit Governance, or Both?



Social entrepreneurship is characterized by a double bottom line: achieving a social mission while building a sustainable business activity. Therefore, Social Entrepreneurial Ventures' (SEVs) are expected to show hybrid governance models, between for-profit shareholder logic and nonprofit democratic and representative principles. In this paper, we explain the elements contributing to social impact from a governance perspective. We use both corporate and nonprofit governance literature to distill key elements of governance and show how these have an influence on the SEVs' performance - i.e. social impact. We argue that, in the case of SEVs, the relationship between governance and performance is mediated by organizational capabilities, in particular the so-called SCALERS capabilities.
The Erasmus - EIM - Panteia Entrepreneurship Lectures Series is co-organized by Erasmus Research Institute of Management ( and EIM Business & Policy Research (EIM/Panteia), an independent and international research and consultancy organisation, specialised in SMEs and EntrepreneurshipEIM is part of the Panteia group.
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Contact information:
Ingrid Verheul Jörn Block
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