Abstract: The reasons for the growing interest in social entrepreneurship development, which attracts the attention of the scientific community, government and civil society, are a lack of resources and the growth of social problems in society as well as the new opportunities of economic models that stimulate social entrepreneurship. All this demonstrates the leading role of the institutional environment in the social entrepreneurship development, and the inalienable influence of modern trends on its rapid development. The study is aimed at systematizing the formal institutions of social entrepreneurship worldwide and determining the role of digitalization on its development. At the first stage of the study, the authors identified and systematized the institutions that have the most significant impact on the level of social entrepreneurship development. At this stage, the need for a separate review of the regulatory and supporting institutional environment has been discovered. Within the regulatory institutional environment, we considered legal support institutions and public administration Institutions. Institutions of education, financial and material support, and interaction with markets were investigated as a part of the supportive institutional environment. In the second stage of the study, we used correlation analysis to investigate 23 countries. It lets to determine which of the institutions are more essential for social entrepreneurship development. It is shown that the most important ones are public governance institutions. The analysis of the impact of digitalization on the social entrepreneurship institutional environment shows the possibility of transforming governance institutions and describes examples of digital platforms implementation in the development of interaction between the state, civil society, and social entrepreneurs in the process of solving social problems. Furthermore, the role of shared economy instruments in the development of social entrepreneurship is substantiated. The theoretical significance of the results is the use of institutional analysis for the development of social entrepreneurship. The practical significance consists in demonstrating the role of digitalization for the development of the formal institutional environment.

Cite: Popov E. , Veretennikova A. , Kozinskaya K.
Regulatory and Supporting Institutions of Social Entrepreneurship in the Digital Society
In compilation Proceedings of the 15th European Conference on Innovation and Entrepreneurship – ECIE 2020 (16-18 September 2020). – Academic Conferences International Limited., 2020. – C.476-485. – ISBN 978-1-7138-2062-8. DOI: 10.34190/EIE.20.107 Scopus РИНЦ

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Scopus:	2-s2.0-85097547940
Elibrary:	45084760

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