scholarly journals Efficiency in Social Enterprises

2017 ◽  
Vol 4 (2) ◽  
pp. 61
Author(s):  
José Carlos Ballester-Miquel ◽  
Pilar Perez-Ruiz ◽  
Javier Hernandez-Gadea ◽  
Hugo De juan Jordán ◽  
Maria Guijarro García
Keyword(s):  
Social Impact ◽  
Social Economy ◽  
Social Enterprises ◽  
Simple Method ◽  
Social Mission ◽  
The Social ◽  
Public Aid ◽  
Set Up ◽  
The Impact

<p class="Textoindependiente21"><span lang="EN-US">The aim of this article is to offer a review of the impact the different methodologies of analysis have on social enterprises, focusing the study on processes that establish a greater universality based on the degree of success achieved in their social objectives, the social reinvestment of their benefits and their democratic organisation, parameters that should favour the creation of a clear and simple method, as well as adaptable to change. The systematics will allow to establish systems for the measurement of the efficiency of social enterprises, in order to both organise objective procedures of comparison and offer support when applying for public aid derived from European and national funds set up for this purpose. The quantification of the social impact of the companies that constitute the social economy is vital to assess and follow up on their social mission.</span></p>

scholarly journals Corporate governance practices and outcomes in social enterprises in the UK

2015 ◽  
Vol 28 (1) ◽  
pp. 57-71 ◽  
Author(s):  
Walter Mswaka ◽  
Olu Aluko
Keyword(s):  
Social Enterprise ◽  
Social Enterprises ◽  
Content Type ◽  
Social Mission ◽  
The Social ◽  
Depth Analysis ◽  
Governance Models ◽  
The Uk ◽  
Enterprise Governance ◽  
The Impact

Purpose – The purpose of this paper is to explore the growth of social enterprise in the UK in the context of the renewed interest in the creative use of organisations with a social mission to complement public service delivery. Given the impact of globalisation and increased demands for effective social welfare interventions, this paper specifically focuses on the nature and type of social enterprise governance models and how they influence their outcomes. Design/methodology/approach – The study utilises a mixed method approach involving the complementary use of quantitative and qualitative data collection methods. Findings – The paper finds that the way in which the social enterprise governance structure is designed ultimately influences its outcomes. In particular, those with stewardship governance models tend to perform better than those with democratic models of governance. This leads to a conclusion that in the social context of the UK, social enterprise should aim for a paradigm shift in the design and selection of governance models. Research limitations/implications – Comparative regional experiences in other regions or social contexts could enrich our understanding of whether these results are applicable across the board. Practical implications – This paper is of potential benefit to researchers and particularly those designing policies for the governance of social enterprise. Originality/value – The study employs innovative analytical theoretical lenses not normally associated with the social economy, namely agency, stewardship and resource dependency theories to provide a more in-depth analysis of the governance of contemporary social enterprise.

scholarly journals The impact of social reporting on the performance of Italian social enterprises

2013 ◽  
Vol 10 (3) ◽  
pp. 294-301 ◽  
Author(s):  
Matteo Pozzoli ◽  
Alberto Romolini
Keyword(s):  
Financial Performance ◽  
Social Impact ◽  
Third Sector ◽  
Social Enterprises ◽  
Social Reporting ◽  
Italian Law ◽  
The Social ◽  
Effect Relation ◽  
The Impact

The Third Sector is a crucial social and economic system at an international level in supplying pub-lic services. The Italian law no 155/2006 and the consequent operating decrees have formally rec-ognised the social entrepreneurship, requiring social enterprises (SEs), among other things, to provide specific disclosure in relation to the social impact of their operations. This paper aims to in-vestigate whether there is a relation between the “quality” of SEs’ social reporting and financial per-formance. In relation to this, the research has examined the SEs instituted as limited liabilities companies. The research contributes to the development of this field of studies, concluding that there is no cause-effect relation neither in the hypothesis that the quality of social reports affects the financial performance, neither in the hypothesis that financial performance affects the quality of so-cial reports.

scholarly journals Evaluation of the integration between corporate and financial performance: The social impact bond financial instrument

2018 ◽  
Vol 15 (3) ◽  
pp. 138-144
Author(s):  
Danilo Tuccillo ◽  
Caterina Ferrone ◽  
Francesco Agliata
Keyword(s):  
Interest Rate ◽  
Financial Performance ◽  
Financial Management ◽  
Social Impact ◽  
Cash Flows ◽  
Social Enterprises ◽  
Financial Return ◽  
Financial Instrument ◽  
The Social ◽  
The Impact

The social impact bond (SIB), at the present in Italy, is a financial instrument issued by a bank to support social initiatives in which the subscriber will receive a limited financial return on investment. As part of that performance, the social return for the community is considered as an integration of the financial performance that will replace a part of the interest rate. The first experience in Italy is represented by a bank that has issued 45 Social Bond for 472 million euros. The research analyses, on the basis of the character-ristics of the third sector in Italy, with particular reference to the financial weakness of the sector, the possible impact on the financial management process in the social enterprises by the use of SIB. Moreover, we would demonstrate that, with a well-conducted cost-benefit analysis, it is possible to construct a hypothesis of SIB in which the repayment is based on market rate. In particular, is proposed the development of a SIB with the objective of formulating hypotheses of response to the innovative following questions: Given certain cost drivers, what social outcomes would generate savings for the state budget able to fully repay the fixed costs of the SIB, to give a percentage of the benefit to the government and to ensure the repayment to investors? How to identify the timing of cash flows in order to structure a potential internal rate of return objective satisfactory for investors? Due to the lack of already developed case studies, with the technics of the business plan, we analyse the impact of SIB on social and financial performance, both from the point of view of the Public Administration and of the social enterprise, in a project of social housing introducing a remuneration rate at market level. The development of the project shows that, with the integration of the private and public perspective, it is possible to improve the social and financial performance offering an adequate interest rate and, moreover, without limit the hypothesis of SIB underwriting to the philanthropic institution.

scholarly journals Methodology for a new Gambling and Lottery Product / Service Social Impact Assessment

2021 ◽  
Author(s):  
Andris Petersons ◽  
◽  
Rosita Zvirgzdina ◽  
Zane Drinke ◽  
◽  
...  
Keyword(s):  
Qualitative Data ◽  
Social Impact ◽  
Negative Impact ◽  
Document Analysis ◽  
Social Impact Assessment ◽  
Product Service ◽  
The Social ◽  
Set Up ◽  
The Baltic ◽  
The Impact

The authors of the study believe that the topic of this study is very relevant in the Baltic States. Although the sector was originally set up to provide entertainment for people, there are now a large number of bargaining companies that do a great deal of damage to society as a whole and, for this reason, have a mixed view of the gambling and lotteries industry as a whole. The aim of the study is to evaluate the methodology of the social impact of a new gaming and lottery product / service. To achieve this goal, the authors have set the following tasks: summarize and assess the influencing risk factors; develop a methodology for assessing the impact of new gaming and lottery products / services; draw conclusions and suggestions; Research methods: document analysis, qualitative data analysis. Based on the research results, new rules for the impact of gambling and lottery products / services have been proposed. This would allow the sector to be further developed while reducing the negative impact of the gambling and lotteries sector on society.

scholarly journals MULTI-CRITERIA APPROACH IN EVALUATING CONTRIBUTION OF SOCIAL ENTREPRENEURSHIP TO THE EMPLOYMENT OF SOCIALLY-EXCLUDED GROUPS

2018 ◽  
Vol 24 (5) ◽  
pp. 1885-1908 ◽  
Author(s):  
Marija Džunić ◽  
Jelena Stanković ◽  
Vesna Janković-Milić
Keyword(s):  
Social Exclusion ◽  
Market Integration ◽  
Social Impact ◽  
Social Enterprises ◽  
Persons With Disabilities ◽  
Marginalized Groups ◽  
The Social ◽  
Socially Excluded ◽  
Decision Making Model ◽  
The Impact

The paper explores the potential impact of social enterprises on social exclusion. In particular, the role of social enterprises in labour market integration of socially excluded individuals is analysed within the existing theoretical and policy discourses of exclusion. Taking into account the difficulties in measuring the social impact of social enterprises, our study contributes to the quantitative literature on the performance of social enterprises, taking the number of integrated people as a measure of the impact on social exclusion. The research is based on data on the employment of marginalized groups, derived from a unique dataset collected by a recently conducted survey of social enterprises in Serbia. The original methodological framework combines statistical methods and multi-criteria decision making model, in order to evaluate the contribution of different types of enterprises to the employment of excluded individuals. Weights determination for the MCDM model is performed using entropy while TOPSIS method is applied for the ranking of the types of social enterprises according to the employment of socially excluded categories. The results indicate that enterprises for employment of persons with disabilities, citizens’ associations and cooperatives in Serbia contribute the most in integrating the socially excluded.

scholarly journals CHALLENGES AND OPPORTUNITIES FOR SOCIAL ENTERPRISES

2020 ◽  
Vol 2 (1) ◽  
pp. 55-61
Author(s):  
Mariela Bogdanova
Keyword(s):  
Social Impact ◽  
Social Economy ◽  
Social Enterprises ◽  
Added Value ◽  
Vulnerable Groups ◽  
The European Union ◽  
Solidarity Economy ◽  
Social Vision ◽  
The Social ◽  
Challenges And Opportunities

The current topic focuses on the new social vision and challenges after the adoption of legislation on the social and solidarity economy in Bulgaria, as well as on the opportunities for access to financing and institutional support for social enterprises. The progress made is seen in a broader perspective, including not only statistics on the number of social enterprises self-identified, but also proven social added value and entered in the Register of social enterprises. Tracking the challenges is in the context of the process and the employment and human resources options and the provision of a supportive environment for the sustainable development of social enterprises. Although 2019 has emerged as a strong startup community, we still don’t have startups for social entrepreneurship. This, of course, does not mean that Bulgaria lacks successful models of social enterprises that provide employment for persons from different vulnerable groups and answer questions related to the social impact and benefits of applying the principles of the social economy. The European Union today, more than ever, emphasizes its new social vision, based on opportunity and solidarity.

scholarly journals Impact Investing Strategy: Managing Conflicts between Impact Investor and Investee Social Enterprise

2019 ◽  
Vol 11 (15) ◽  
pp. 4117 ◽  
Author(s):  
Agrawal ◽  
Hockerts
Keyword(s):  
Social Enterprise ◽  
Social Impact ◽  
Economic Value ◽  
Social Enterprises ◽  
Impact Measurement ◽  
Impact Investing ◽  
Industry Specialization ◽  
Social Mission ◽  
For Profit ◽  
The Impact

Impact investing pursues the dual goals of creating socio-economic value for the marginalized, and ensuring net positive financial returns. Impact investing firms achieve their goals through their investments in projects and enterprises which create both social and commercial values. The primary aim of this article is to contribute to our understanding of the process of impact investing, particularly with respect to issues related to aligning impact investing and investee social enterprise goals. The research method employs case-based research methodology. The data consist of six cases of impact investing and their investee social enterprises. In addition, the data involve interviews with experts from the field of impact investing. The findings are that: (1) Social mission plays an important moderating role in the inter-organizational relationship between the impact investor and the investee social enterprise, (2) and an emphasis on due diligence, sector specialization, and communication increases the likelihood of investment while (3) social impact measurement and reporting and frequent engagement increase the likelihood of post-investment alignment. The key contribution of this article is that impact investing (unlike venture capital) is influenced by the ability of its investee to create social value, which plays an important role in the inter-organizational relationship between investor and investee. Furthermore, similar to industry specialization in the for-profit investing, social sector specialization is equally relevant for alignment and returns.

scholarly journals De la vision à l'action: la performance dans les entreprises d' insertion du Québec

2014 ◽  
Vol 5 (1) ◽  
Author(s):  
Marco Alberio ◽  
Gabrielle Tremblay
Keyword(s):  
Performance Management ◽  
Social Economy ◽  
Social Enterprises ◽  
Professional Integration ◽  
Social Mission ◽  
The Social ◽  
Work Integration ◽  
Abstract Work

RESUME Les entreprises d'insertion, nées au début des années 1980, sont des acteurs d'économie sociale ayant une mission d'insertion socioprofessionnelle de divers groupes (jeunes et femmes notamment). Dans cet article, nous exposons les enjeux de gestion de la performance et illustrons comment les entreprises d’insertion sont amenées à une hybridation de la performance, tentant d’assurer la productivité tout en respectant leur mission sociale, soit celle de formation et d’insertion professionnelle. La recherche repose sur des entretiens menés auprès des responsables et employés de neuf entreprises d’insertion au Québec. ABSTRACT Work integration social enterprises (WISE), born in the 80s, are actors in the social-economy field whose mission is the socio-professional integration of various groups (youth and women, notably). In this article, we present the challenges of performance management for such organizations, which have to realize a sort of hybridization, as they have to simultaneously ensure production and productivity while fulfilling their social mission, which consists of training and professional integration. The research for this article was based on interviews with the managers and workers of nine social enterprises in Québec.

scholarly journals The impact of the COVID-19 pandemic on socio-economic and sustainability

2021 ◽  
Author(s):  
Xueli Wei ◽  
Lijing Li ◽  
Fan Zhang
Keyword(s):  
World Economy ◽  
Social Economy ◽  
Secondary Data ◽  
Well Being ◽  
Cross Sectional ◽  
The Social ◽  
The World ◽  
The Status ◽  
Sectional Analysis ◽  
The Impact

Pumping elephantThe COVID-19 pandemic has adversely affected the lives of people around the world in millions of ways . Due to this severe epidemic, all countries in the world have been affected by all aspects, mainly economic. It is widely discussed that the COVID-19 outbreak has affected the world economy. When considering this dimension, this study aims to examine the impact of the COVID-19 pandemic on the world economy, socio-economics, and sustainability. In addition, the research focuses on multiple aspects of social well-being during the pandemic, such as employment, poverty, the status of women, food security, and global trade. To this end, the study used time series and cross-sectional analysis of the data. The second-hand data used in this study comes from the websites of major international organizations. From the analysis of secondary data, the conclusion of this article is that the impact of the pandemic is huge. The main finding of the thesis is that the social economy is affected by the pandemic, causing huge losses in terms of economic well-being and social capital.

scholarly journals The impact of young people's participation in events

2014 ◽  
Vol 5 (3) ◽  
pp. 198-218 ◽  
Author(s):  
Eliza Hixson
Keyword(s):  
Young People ◽  
Identity Development ◽  
Focus Groups ◽  
Social Impact ◽  
Transitional Period ◽  
School Students ◽  
Content Type ◽  
The Social ◽  
Sense Of Involvement ◽  
The Impact

Purpose – This paper aims to explore the social impact that two events, the Adelaide Fringe Festival and the Clipsal 500, have on young residents (16-19 years old) of Adelaide. The purpose of this paper is to examine how young people participate in these events and how this affects their sense of involvement in the event and contributes to their identity development. Design/methodology/approach – A mixed methods approach was adopted in which focus groups and questionnaires were conducted with secondary school students. As an exploratory study, focus groups (n=24) were conducted in the first stage of the research. The results of the focus groups were used to develop a questionnaire that resulted in 226 useable responses. The final stage of the research explored one event in further depth in order to determine the influence of different participation levels. Findings – This study found that young people demonstrated more involvement in the Adelaide Fringe Festival and their identities were more influenced by this event. Further investigation of the Adelaide Fringe Festival also indicated that level of participation affects the social outcomes gained, with those participating to a greater degree achieving higher involvement and increased identity awareness. This is demonstrated through a model which aims to illustrate how an event impact an individual based on their role during the event. Originality/value – This paper applies two leisure concepts in order to analyse the impact of events. Activity involvement is a concept which examines the importance of the activity in the participant's life. Also of importance to young people is how activities contribute to their identities, especially because they are in a transitional period of their lives.

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