Abstract

Nonprofit organizations play a relevant role in society by attempting to satisfy human necessities in a different way, or as a complement to lucrative firms and governmental activity. While for-profit entrepreneurship (benefiting society with valuable goods, services, and jobs) has the purpose to maximize profits, nonprofit entrepreneurship objective is to maximize social value. The paper explores differences between nonprofit and for-profit entrepreneurs focusing on human capital particularly on education background. Since there is a limitation of empirical works focusing on specific type of education backgrounds of nonprofit entrepreneurs, this paper aims to extend the existing research perceiving its impact on the choice of enrolling on nonprofit entrepreneurship.

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