This aims at analyzing the role of the subjective norm and the university ecosystem, and its influence on the entrepreneurial intention of students in different careers of the Faculty of Economic and Administrative Sciences at the University of Cuenca. This research work is part of the international project entitled: "Potential for Social entrepreneurship in Latin America" of the universities that are part of the Accreditation Council for Business schools and Programs (ACBSP). The methodology employed in this study is quantitative and the analysis techniques include: a survey, a bibliographic review as well as multiple regression, statistical mediation, and descriptive statistics. The results indicate that an adequate university ecosystem motivates and reinforces the intention to carry out social entrepreneurships. In addition, the family, friends, and teachers approval is vital for the university student to undertake a social project. Key words: University Ecosystem, Social Entrepreneurship, Entrepreneurial Intention, Subjective Norm, University of Cuenca. Este artículo tiene como propósito analizar el rol de la norma subjetiva y del ecosistema universitario, y sus efectos en la intención emprendedora de los estudiantes de las distintas carreras de la Facultad de Ciencias Económicas y Administrativas de la Universidad de Cuenca. Este trabajo de investigación es parte del proyecto internacional “Potencial para el Emprendimiento Social en América Latina” de las universidades que conforman el Accreditation Council for Business Schools and Programs (ACBSP). La investigación cuenta con: una orientación metodológica cuantitativa, herramientas como la encuesta y la revisión bibliográfica y, técnicas de análisis como la regresión múltiple, la mediación estadística y estadísticos descriptivos. Los resultados indican que, un ecosistema universitario adecuado motiva y refuerza la intención para llevar a cabo emprendimientos sociales y; la aprobación por parte de familia, amigos y profesores para que el universitario emprenda es fundamental. Palabras claves: Ecosistema universitario, Emprendimiento social, Intención emprendedora, Norma Subjetiva, Universidad de Cuenca.

Social Entrepreneurship, one of the branches of Entrepreneurship, has acquired important relevance because it has both social and financial purposes and has become a necessary mechanism to combat social exclusion, revitalize disadvantaged areas, provide employment opportunities, and address social problems neglected by the public and private sectors. In recent years, there has been a growing interest in the subject among academics and entrepreneurs, but there is still research that lacks an adequate conceptualization. Therefore, this article aims to identify the main lines of research on social entrepreneurship through a bibliometric analysis. To carry out the analysis, a study of both publication performance and word co-occurrence of 3023 articles extracted from Web of Science during the period 1993–2022 was performed using the SCIMAT v1.1.04 software for data processing. It was found that the year 2022 was the year with the highest scientific production, and a strong relationship was established between social entrepreneurship and gender and economic development issues. As a result of the analysis, possible lines of future research are proposed, and these can contribute to fill the existing knowledge gaps on social entrepreneurship and promote a better understanding of the topic.

Microfinance has become one of the most important financing alternatives for business start-ups, especially for vulnerable groups in poor regions. Microfinance provides access to financial products, especially to people who have been excluded from the traditional financial system. However, the mainstream literature on microfinance shows its impact on poverty alleviation, but it is not yet well developed to understand its dynamizing role in the entrepreneurial sector. There is still a large gap in the literature on analyzing microfinance as a financing alternative, so this paper seeks to find this relationship in the literature. A bibliometric analysis is applied, both of the performance of the publications and a word co-occurrence analysis during the period 2017–2022. The articles indexed in the Web of Science have been considered and systematized through the SCIMAT software v1.1.04, developed by the Soft Computing and Intelligent Information Systems Research Group, University of Granada, Granada, Spain. Microfinance institutions, education, entrepreneurship, organizational performance, business microcredits, and women microentrepreneurs have been identified as driving themes to be considered in future analyses. At the end of the document, the proposed future lines of research are presented. In addition, the results show the growing interest of the academic community in the topic, with 2022 being the year with the highest number of articles published on the topic.

Social entrepreneurship is a topic of great development at the research level, which aims to discover, exploit and define the possibilities of increasing social wealth through activities and processes carried out with the creation and management of an innovative enterprise. From this, it has been identified that one of the main problems of social entrepreneurs in underdeveloped countries is the lack of financing, where new forms of financing have not been consolidated, as is the case with impact investment. Therefore, the objective of this research is to determine the role of impact investment in each of the Ecuadorian social enterprises under study. To this end, a qualitative research methodology of an interpretive nature was adopted through in-depth interviews with social entrepreneurs for the construction of results by means of summary tables and descriptive and graphic taxonomy. The results show that for most of the social enterprises studied, the role of impact investment is null, without this implying a lack of knowledge on the part of the social enterprises. Finally, it is necessary that policymakers take into account the need to promote sustainable development by improving social inclusion to support projects and enterprises that generate employment and opportunities for marginalized and vulnerable groups, promoting policies and measures that encourage this type of investment to generate a positive impact on the country.

El presente artículo aporta evidencia empírica respecto a la influencia que tiene la liquidez del mercado accionario en el crecimiento económico, para una muestra de 11 países latinoamericanos. Con ésta finalidad, se utilizaron datos de panel, estimados por el método de Momentos Generalizados (GMM por sus siglas en inglés), además de variantes de dicho modelo. A pesar de que uno de los indicadores de liquidez, específicamente el Turnover, presenta un signo negativo, lo cual es contrario a lo típicamente esperado, a nivel general es posible concluir que la liquidez sí influye en el crecimiento económico. Además, existen países que pueden ser considerados atípicos; por eso se realizó el análisis con y sin ellos, obteniendo en ambos casos que se mantenía el mismo resultado. El estudio se corresponde de forma parcial con la literatura existente.

In recent years, entrepreneurship has been an alternative economic livelihood that independently seeks to generate employment and in turn the economic growth of countries. Social entrepreneurship is a topic of great importance in recent research, however, there is still not enough empirical evidence to analyze the rationality of decision making. Given the social factor they pursue, it is possible that they may be affected by behavioral distortions that influence their rationality, especially in three financial aspects: investment, savings and indebtedness. Therefore, the objective of this work is to determine the existing influence between behavioral biases and financial decision making of social enterprises in the canton of Cuenca. The study is a descriptive-correlational cross-sectional approach, using structural equations from Partial Least Squares (PLS). The sample obtained is 162 social enterprises. The results show a significant positive influence of overconfidence, procrastination, status quo, and negative influence of over optimism on investment decisions. Also, procrastination and status quo directly influence savings decisions, but the gambler's fallacy indirectly. On the other hand, the risk aversion, overconfidence, over optimism and status quo biases were significantly influenced on borrowing decisions