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I propose a theory aimed at advancing scholarly research in social entrepreneurship. By highlighting the key trade-off between value creation and value capture and explaining when situations of simultaneous market and government failure may arise, I suggest that social entrepreneurship is the...
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managerial discretion. Alternatively, an empowerment-based approach rooted in stewardship theory views managers as trustworthy … continuum between these two approaches. To illustrate the continuum between compliance and empowerment, we present three cases …
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This article argues that abstract knowledge in the form of formally developed theory plays an increasingly important role in the economy and in financial innovation in particular. Abstract knowledge is easily reified, and this is an aspect of knowledge work that is insufficiently researched. In...
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