What is the Business of Business?

Andreas Nilsson, David T. Robinson

NBER Working Paper No. 23505
Issued in June 2017

---- Acknowledgments ----

The authors are grateful to Josh Lerner, Yasin Ozcan, and Scott Stern for suggestions on the current draft. Hengjie Ai, Ulf Axelson, Paul Bloom, Ronnie Chatterji, Shawn Cole, Ofer Eldar, Rich Mathews, Alex Nichols, Adriano Rampini, Pian Shu, Per Str\"omberg, and seminar participants at the Swedish House of Finance, the Skoll Research Colloquium on Social Entrepreneurship, Duke, MIT, and the Harvard Social Enterprise Conference provided many helpful suggestions on earlier drafts. Special thanks for detailed suggestions and encouragement go to Brian Trelstad, Jean de Bettignies and the late Greg Dees. Much of this work originated when Robinson was the Olof Stenhammar Professor of Financial Entrepreneurship at the Stockholm School of Economics and when Nilsson was a Visiting Fellow at Harvard Business School. The authors are grateful to these institutions for their hospitality. Any errors are ours alone. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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