scholarly journals Investors’ Aspirations toward Social Impact: A Portfolio-Based Analysis

2021 ◽  
Vol 13 (9) ◽  
pp. 5293
Author(s):  
Leonardo Boni ◽  
Laura Toschi ◽  
Riccardo Fini
Keyword(s):  
Logistic Regression ◽  
Financial Performance ◽  
Logistic Regression Model ◽  
Social Impact ◽  
Social Performance ◽  
Investment Decisions ◽  
Social Progress ◽  
The Social ◽  
Social Returns ◽  
Investment Portfolios

In the last ten years, we have witnessed a proliferation of investors claiming blended value strategies, i.e., pursuing both economic and social returns in their investments. Aside from this rush for self-selecting in a blended value finance context, we still do not know to what extent the investors’ claims actually reflect investment decisions. Evidence suggests that, in some cases, such investors tend to maximize the social performance over the financial performance; in some others, the effect is reverted, but literature currently lacks studies aligning the analysis of the investment decisions with the investment portfolios. Yet, it is still unclear whether blended value investment decisions are enacted as a result of investors’ deliberate strategies and what influences this relationship. In this paper we tackle this issue, analyzing the extent to which investors’ finance firms pursuing goals aligned with their strategic aspirations. Specifically, adopting a Fractional Logistic Regression model, we test the effect of investors’ aspirations toward social impact on the extent to which their investees (i.e., the portfolio of firms in which they invest) pursue social returns. Results suggest the existence of a positive and significant investor–portfolio alignment effect (i.e., the higher the investors’ aspirations toward social impact, the higher the number of investees with higher social aspirations). Yet, this effect is influenced by contingencies at both investor and portfolio levels. Investors with strong aspirations toward social impact that: (i) invest in countries with high levels of social inequality, and (ii) are located in countries that support social progress and maximize, in their portfolios, the presence of businesses pursuing social impact. We discuss implications for future researchers, policymakers and practitioners.

scholarly journals TНE TYPOLOGY OF TНE RELATIONSНIP BETWEEN TНE SOCIAL PERFORMANCE AND TНE FINANCIAL PERFORMANCE OF AN ORGANIZATION

2020 ◽  
pp. 28-33
Author(s):  
C. F. Paunescu (Petre) ◽  
M. Man
Keyword(s):  
Social Responsibility ◽  
Financial Performance ◽  
Social Impact ◽  
Social Performance ◽  
The Social ◽  
Global Performance ◽  
The Subject ◽  
The One ◽  
High Level ◽  
Corporate Social

The development of each organization is an objective based on three basic pillars: economic development, social development and environmental protection. This macroeconomic objective can be joined by various microeconomic objectives, including the global performance made out of the organization's financial performance and social performance, its sustainability and social responsibility. The article aims to find answers to the following questions: Is there a relationship between the financial performance and the social performance of an organization? And if there is this relationship between the financial performance and the social performance of the organization, how is it, positive or negative? Understanding the social impact on both the financial performance and the sustainability of the organization has been the subject of numerous studies focusing on the nature of the interaction between organizations' ability to achieve a high level of corporate social responsibility on the one hand and the financial performance on the other.

scholarly journals Accountability via social and financial performance of the hospitality sector: the role of market orientation

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Soheil Kazemian ◽  
Hadrian Geri Djajadikerta ◽  
Saiydi Mat Roni ◽  
Terri Trireksani ◽  
Zuraidah Mohd-Sanusi
Keyword(s):  
Financial Performance ◽  
Market Orientation ◽  
Customer Orientation ◽  
Social Performance ◽  
Three Dimensions ◽  
Content Type ◽  
Top Managers ◽  
The Social ◽  
Competitor Orientation ◽  
Hospitality Sector

Purpose This study aims to examine the three dimensions of market orientation, namely, customer orientation, competitor orientation and inter-function coordination, which influence the accountability in the financial and social performance of tourism operators in large touristic cities. Design/methodology/approach In total, 95 usable questionnaires as the required data were collected from the top managers of four- and five-star hotels in Iran. Findings Partial least squares (PLS) results confirm that customer orientation and inter-function coordination influence both the financial and social performance of the hospitality sector yet reveal that competitor orientation has no significant relationship with social performance. Research limitations/implications These findings not only highlight the compatibility of PLS with various forms of statistical analyzes but also furthers the current understanding of hospitality networks in megacity economies, where literature are scarce. Practical implications The findings of this study can help policymakers, tourism associations and practitioners enhance the accountability and sustainable financial and social performance of the hospitality industry in megacities. This study proposes some unique measurements for the social and financial performance of the hospitality sectors. Originality/value The paper states some new measurements for the social performance of the hospitality sectors. In addition, measuring the impacts of market orientation on the financial and social aspects of hotels is totally unique.

scholarly journals Desempenho social e financeiro de pequenas e médias empresas: modelo conceitual de causa e efeito

2016 ◽  
Vol 15 (2) ◽  
pp. 60-70
Author(s):  
Jose Elenilson Cruz ◽  
Rafael Barreiros Porto
Keyword(s):  
Financial Performance ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Empirical Studies ◽  
The Social ◽  
Research Propositions ◽  
Object Of Study ◽  
Corporate Social ◽  
The Impact ◽  
The Relationship

Corporate social performance can be understood as a way to measure the efficiency of interactions between companies and their main stakeholders. This evaluation has led to some steps forward in research and management implications. One of its main issues, which is the study of the relationship between social and financial performance, focuses on traditional joint-stock companies. This fact reveals a gap concerning the object of study in the literature of the area. The importance of investigating small and medium companies (SMCs) lies in their social and economic relevance and also in new evidences these studies may provide. After the theoretical discussion, this study presents a conceptual model composed of research propositions to be tested by future empirical studies that wish to answer the following question: in small and medium companies there are relations of cause and effect between social and financial performance? The test of the proposals suggested can reveal, among other results, the categories of social performance of SMCs most affected by a higher financial performance, as established by the premises of theoretical slack-resources; if the impact of these categories on the financial performance is qualified by way of management, confirming assumptions of the theory good management, or if there are no significant differences between the social performance of SMEs with higher financial performance and SMEs with low financial performance, revealing the existence of non-financial factors also influence social performance.

scholarly journals Corporate Social Responsibility and Banks’ Financial Performance

2018 ◽  
Vol 11 (10) ◽  
pp. 42 ◽  
Author(s):  
Francesco Gangi ◽  
Mario Mustilli ◽  
Nicola Varrone ◽  
Lucia Michela Daniele
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Social Performance ◽  
The Social ◽  
Stakeholder Perspective ◽  
European Banking ◽  
Corporate Social ◽  
The Relationship ◽  
Csr Engagement

This study analyzes whether and how corporate social responsibility (CSR) affects the financial performance of the European banking industry. According to agency theory, CSR engagement should be negatively related to financial performance. By contrast, from the stakeholder perspective and according to the resource-based view, CSR should positively impact banks’ financial performance. Over a period of six years (2009-2015) following the explosion of the sub-prime crisis, the econometric estimates of the current study confirm a positive effect of CSR engagement on banks’ financial performance. Net interest income and profitability increase with the increase in social performance. At the same time, CSR is negatively related to non-performing loans. Therefore, in contrast to the trade-off model, our results support a win-win vision of the relationship between the social and financial performance of banks.

scholarly journals The role of reward-based crowdfunding in farm financing: What characterises successful campaign?

2021 ◽  
Vol 68 (3) ◽  
pp. 773-788
Author(s):  
Isidora Ljumović ◽  
Aida Hanić ◽  
Vlado Kovačević
Keyword(s):  
Logistic Regression ◽  
Logistic Regression Model ◽  
Project Success ◽  
Positive Impact ◽  
Investment Decisions ◽  
Significant Negative Correlation ◽  
The Self ◽  
Relative Importance ◽  
Insight Into

The purpose of this paper is to provide insight into the role of reward-based crowdfunding in farm financing, with a focus on its likelihood of success. The study uses a sample of 1,566 projects from the Kickstarter platform between 2014 and 2020. We added the level of urbanisation and relative importance of agriculture in the country's economy to the basic elements to assess the importance of the crowdfunding. We run a logistic regression model to investigate factors that motivate investment decisions. We discovered a statistically significant negative correlation between the self-set campaign goal and project success, as well as a small positive impact of number of backers and a positive impact of the importance of agriculture in the country's economy on crowdfunding success. In an era of rapid innovation and the rise of social networks, this paper contributes to the current literature on the agri-food industry's reword-based crowdfunding approach.

scholarly journals Assessing Social Impacts in Current and Future Electricity Production in the European Union

2021 ◽  
pp. 257-273
Author(s):  
Nils Brown ◽  
David Lindén
Keyword(s):  
Social Impact ◽  
Social Performance ◽  
Social Impacts ◽  
Electricity Production ◽  
Future Scenarios ◽  
Impact Categories ◽  
The European Union ◽  
Life Cycle Perspective ◽  
The Social ◽  
Gas Supply

AbstractIn this chapter social impacts of European electricity production are compared between the current situation and the REFLEX scenarios for 2050 from a life cycle perspective using the SOCA tool. The analyses indicate that for a limited number of social impact categories the SOCA add-on tool can identify geographic locations where improvement in social performance may non-negligibly improve the social impacts for future energy systems. Results show that gas supply from Russia is a major cause of social impact for all future scenarios in the subcategory “fair salary” due to the fact that the minimum wage is below the living wage in the country. The specific process for electricity generation in Europe contributes to social impacts in the same category to a lesser extent.

Logistic Regression Approach to Predicting Truck Driver Turnover

2014 ◽  
Vol 5 (1) ◽  
pp. 15-32 ◽  
Author(s):  
S. Scott Nadler ◽  
John F. Kros
Keyword(s):  
Social Psychology ◽  
Logistic Regression ◽  
Theoretical Approach ◽  
Logistic Regression Model ◽  
Reasoned Action ◽  
The Social ◽  
Study Results ◽  
Regression Approach ◽  
Psychology Literature ◽  
Managerial Perspective

The purpose of this study is to identify those constructs that lead to driver turnover. The theory of reasoned action (TRA), originating in the social psychology literature is the theoretical approach in this study. Interviews with drivers were conducted using the intercept method to develop a survey instrument. The survey was then administered to drivers at large truck stops. This study makes contributions on two fronts. From a managerial perspective the study results indicate that companies can use a technique such as this model as part of their driver retention efforts in order to create competitive advantage by increasing efficiency and cutting costs. The resulting logistic regression model, based on four factors, accounts for eighty eight percent of the variance and accurately predicts which drivers or driver classes are most at risk of turning over.

scholarly journals The relationship between social and financial performance with the objectives of the kingdom vision (2030)

2021 ◽  
Vol 8 (9) ◽  
pp. 1-6
Author(s):  
Hichem Dkhili ◽  
◽  
Lassad Ben Dhiab ◽  
Keyword(s):  
Financial Performance ◽  
Significant Relationship ◽  
Positive Impact ◽  
Social Performance ◽  
The Social ◽  
Policy Suggestions ◽  
Methodological Tool ◽  
Vision 2030 ◽  
The Relationship ◽  
Positive Effect

The objective of this paper is the study of the link between social and financial performance and the objectives of the Kingdom's Vision 2030. The methodological tool of this contribution tries to measure the effect of social and financial performance and the objectives of the Kingdom's Vision 2030. The main purpose of the research is focused on the empirical approach justified by the use of a linear model. The paper presents the results of an empirical analysis that showed a positive effect of social and financial performance on the objectives of the Kingdom's Vision 2030. The results found suggest that size, risk, and sector do not moderate the relationship between social responsibility and financial performance. The results showed a positive impact between social and financial performance with the objectives of the Kingdom Vision (2030) and implied that social and financial performance has a positive and significant relationship with the Kingdom Vision (2030). The results of the research can be useful for companies to promote the social and financial performance for a good realization of the Kingdom Vision (2030) and provide information to take the necessary policy suggestions to maintain the social performance and limit the average of financial performance.

scholarly journals Kinerja Sosial Lembaga Perkreditan Desa

2020 ◽  
pp. 182
Author(s):  
I Gde Kajeng Baskara ◽  
Nyoman Triaryati
Keyword(s):  
Social Responsibility ◽  
Financial Performance ◽  
Performance Management ◽  
Performance Indicators ◽  
Social Performance ◽  
Performance Criteria ◽  
Poor People ◽  
High Poverty ◽  
The Poor ◽  
The Social

This research aims to measure the social performance of Village Credit Institutions (VCI). VCI performance is not only seen from financial performance, but the social performance has also need to be assessed. The social performance management is measured by four dimension using the Social Performance Indicators. These dimensions include 1) target and outreach, 2) products and services, 3) benefits for the members and 4) social responsibility. The population of this study includes 38 VCI with total asset above Rp100 billion (> Rp 100 M) as the census technique was applied, all VCI was taken as the sample. The results show that the social performance of large VCI in Bali is very weak on target and outreach dimension but is strong on social responsibility. The pro-poor method and the individuals targeting are the weakest social performance criteria. These institutions must also focus their programs on helping the poor people. This can be done by collaborating with other institutions located in the areas with high poverty rates

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