LAUSR

The existence of social entrepreneurs is beneficial for the establishment of a stable and just society dedicated to serving the needs of individuals and the creation of innovative market solutions. However, social entrepreneurs need an institutional environment of a proper quality to be able to function efficiently. On the one hand, the institutional environment should promote the development of social entrepreneurship, on the other, there is a need for designing directaction social entrepreneurship institutions that would provide support and ensure the development of socially-oriented businesses, and promote grassroots initiatives in this sphere. Despite the fact that researchers are interested in this issue, there are very few quantitative studies assessing the impact of institutional environments for social entrepreneurs on a global scale. Furthermore, no attempts have been made to look at this phenomenon from an economic development standpoint, by assessing it in developed countries.