MONASTIC ENTREPRENEURSHIP: PREDICTING COMMERCIAL ACTIVITY AMONG EASTERN ORTHODOX MONASTIC COMMUNITIES IN THE UNITED STATES

This paper explores commercial activities among Eastern Orthodox monasteries located in the United States. In addition to donations, many monasteries rely on some sort of business activity to fund their operations. These include retailing of products as well as the production of religious goods (suc...

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Bibliographic Details
Published in:Global journal of entrepreneurship 2019-06, Vol.3 (1), p.1-10
Main Author: Crum, Michael D
Format: Article
Language:English
Subjects:
Honey
Population density
Retail trade
Online Access:Get full text
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Summary:This paper explores commercial activities among Eastern Orthodox monasteries located in the United States. In addition to donations, many monasteries rely on some sort of business activity to fund their operations. These include retailing of products as well as the production of religious goods (such as candles, incense and icons.) and non-religious goods (such as honey and soap.). This paper makes use of data contained in the Orthodox monastic communities in the United States report (Krindatch, 2014). Using binary logistic regression, the age of the monastery, the size of the monastery, and the local population density are used to predict commercial activity as well as non-religious commercial activity among the monasteries in the sample. The findings show that the larger a monastery was, the more likely it was to engage in commercial activities as a source of income. However, the age of the monastery and the population density of the local area were not statistically significant predictors of engagement in commercial activities.
ISSN:2574-0415
2574-0423
DOI:10.47177/GJE.03.01.2019.001