Political roots leading to opportunity recognition among Latin American social entrepreneurs

Abstract

PurposeThe purpose of this study was twofold. First, the author sought to more fully understand the role of socio-political activity on opportunity recognition among experienced entrepreneurs. Second, the author sought to better understand how socio-political activism, experience, entrepreneurial passion and social entrepreneurial intention are antecedents. Given the importance of entrepreneurship in the developing nations, there must be an understanding of how entrepreneurs recognize opportunities.Design/methodology/approachThis study analyzes how socio-political activism acts as a foundation on which entrepreneurs can recognize opportunity through entrepreneurial passion, experience and intention. The author utilized a survey constructed of a unique combination of existing and well-researched instruments. Entrepreneurs living in Latin America were surveyed through the web-based survey company Prolific(R). Based on an a priori power calculation, the survey was fielded to 305 respondents with a 100% response rate.FindingsThe model suggests that socio-political activism increases experience, entrepreneurial passion and social entrepreneurial intention among entrepreneurs in Latin America. Further, the model indicates that entrepreneurial passion and entrepreneurial experience have partial mediation effects on social entrepreneurial opportunity recognition, while social entrepreneurial intention has full mediation effects on social entrepreneurial opportunity recognition.Practical implicationsThe findings of this model suggest that socio-political activism in the developing context provides a model that shows how political activism plays a crucial role in numerous entrepreneurial aspects. Being active politically, gives entrepreneurs greater passion, experience and intention which in turn leads to greater opportunity recognition and mediates the relationship between socio-political activism and opportunity recognition.Originality/valueThe model presented in this research is original and helps shape the paradigm within social entrepreneurship in the developing context. The model also provides additional antecedents of opportunity recognition which may assist with shaping future research in the developing context and how the role of political activism assists the field's understanding of how entrepreneurs recognize opportunities.