Social entrepreneurship orientation and company success: The mediating role of social performance
جهت گیری کارآفرینی اجتماعی و موفقیت شرکت: نقش واسطه ای عملکرد اجتماعی-2020
We examine the impact of social entrepreneurship orientation (SEO), a behavioral measure of the social en- trepreneurship of the organization, on the social and financial performance of a sample of Austrian firms. Despite growing research interests in social entrepreneurship, the field remains fragmented and this has led to calls for a careful examination of the implications of social entrepreneurship for firms. We draw on stakeholder theory and hybrid organizing to hypothesize that social performance mediates the SEO-financial performance relationship. By analyzing a sample of 1,156 companies, we find that the SEO-financial performance relationship is partially positively mediated by social performance even though the direct effect is negative. Our results show that social performance compensates for the otherwise negative effect SEO has directly with financial performance. We contribute to an understanding of the mechanisms by which an SEO affects firm performance and provide richer insights into the various aspects of performance. We discuss the future implications of our study and suggest promising avenues for further research on the SEO construct.
Keywords: Social entrepreneurship orientation | Hybrid organizing | Social performance | Financial performance | Empirical | Mediation
Central coordination and profitability in large Latin American business groups
هماهنگی مرکزی و سودآوری در گروههای بزرگ تجاری آمریکای لاتین-2020
This study analyzes the profitability effects of central coordination in large business groups in Latin America. By adopting a configurational approach, we analyze the profitability implications from a core entity involvement in the areas of strategy definition, talent management, values and culture management, stakeholder management, corporate branding and corporate innovation. Using Fuzzy Set Qualitative Comparative Analyses on a sample of 17 of the largest business groups in Latin America, we contribute by identifying core entity’s configurations that are causally linked with business group high financial performance, measured as the highest average ROE be- tween 2014 and 2017. Specifically, we find that business groups with the highest performance include strategy definition, talent management, values and culture management activities as part of their core entity coordination as necessary conditions. We also find that the relevance of the fourth role, stakeholder management, is linked to the macroeconomic conditions of the countries where affiliates operate.
Keywords: Strategy | Performance | Fuzzy Set Qualitative Comparative Analyses (FsQCA) | Corporate roles and strategic control | Latin America business groups
The double bottom line of microfinance: A global comparison between conventional and Islamic microfinance
خط پایین دو برابر سرمایه خرد: مقایسه ای بین اقتصاد خرد و متعارف اسلامی-2020
Conventional microfinance institutions (MFIs) can promote financial inclusion, but they also prompt eth- ical concerns regarding the social consequences of commercialization and high interest rates. Islamic MFIs, which adhere to Sharia’s prohibition of riba (usually interpreted as a ban on interest), present an alternative. Differences between conventional and Islamic MFIs in terms of outreach and financial sus- tainability remain underexplored; no comprehensive data set details Islamic MFIs either. With new data, collected with a global survey, the authors construct a unique panel of 543 conventional and 101 Islamic MFIs, operating in Islamic and non-Islamic countries. These data suggest that the market for Islamic microfinance is more important than previously recognized, has grown in recent years, and is likely to continue growing in every region of the world. Statistical comparisons, using various estimation tech- niques, regarding the outreach and financial performance of Islamic and conventional MFIs also reveal that the breadth and depth of Islamic MFIs exceed those of conventional MFIs, though conventional MFIs achieve stronger financial performance. This latter result is not robust though.© 2020 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
Keywords: Islamic microfinance | Social entrepreneurship | Ethical finance | Outreach | Financial performance
Eco-labeling and sustainability: A case of textile industry in Pakistan
برچسب زدن به محیط زیست و پایداری: موردی از صنعت نساجی در پاکستان-2020
Industrial pollution is a big concern in many manufacturing sectors including textile sector. Recently, voluntary actions for environmental protection have gained their importance. Eco-labeling is one of the most important schemes of voluntary environmental actions and has been recognized as an effective measure to reduce industrial pollution. This paper analyzes the effect of eco-labels on the textile firms’ environmental and financial performance. Three stage least squares regression is applied using data from 128 firms listed in Pakistan Stock Exchange. Results reveal that eco-labels have a significant positive effect on textile firms’ environmental and financial performance. This indicates that eco-labels promote the sustainable growth of textile firms. Furthermore, financial performance, material cost, and age have a significant positive effect on the environmental performance of textile firms whereas machinery and size have a significant negative effect on the environmental performance. Likewise, debt-equity ratio and size of the firm have a significant positive effect on the financial performance of the textile firms wheras the environmental performance, machinery, and age of the firms have a significant negative effect on the financial performance
Keywords: Eco-labeling | Sustainability | Environment-friendly products | Pakistan textile firms | Simultaneous equations | Three stage least square method
Platform skills and the value of new hires in the software industry
مهارت های بستر های نرم افزاری و ارزش استخدام های جدید در صنعت نرم افزار-2020
The software industry is unique in terms of its “platform economics” where many firms build their products based on dominant software platforms. Hiring workers from firms with high platform knowledge may thus create externalities for the recipient software firms. Yet, while prior studies have shown that hiring IT workers creates value for recipient firms, the sources of such hiring and the characteristics of recipients that increase value in the software industry are unclear. This paper contributes to the literature by uncovering that the value created through hiring IT workers in the software industry stems largely from firms that are high in platform human capital. Using a large dataset derived from an online professional network, we show that hiring platformskilled workers from firms that are high in platform human capital is associated with a statistically and economically significant increase in financial performance of the recipient software firms. Further, the value of hiring derives from platform-skilled workers with tenure long enough at the source firms, and for recipient firms that are innovative and have high R&D intensity. We thus explicate the sources of hiring and recipient characteristics that increase value for software firms, and derive implications from the findings.
Keywords: Value of hiring | Platform skills | Software industry | Labor mobility | R&D intensity | Innovativeness
Corporate entrepreneurship, country institutions and firm financial performance
کارآفرینی شرکتی ، نهادهای کشور و عملکرد مالی محکم-2020
Adopting an institutional perspective, we propose that home country intellectual property (IP) and employee protection institutions moderate the relationship between corporate entrepreneurship (CE) and firm perfor- mance. Examining 9642 European firms, we find that whereas internal CE is more positively correlated with firm performance in countries with less stringent IP protection and less stringent employee protection, external CE is particularly negatively correlated with firm performance in countries with less stringent IP protection and more stringent employee protection. These results provide a richer view of the relationship between CE and firm performance than the extant entrepreneurship and international businesses literatures suggest.
Keywords: Corporate entrepreneurship (CE) | Institutions | Intellectual property (IP) protection | Employee protection | Performance
Earthquakes, fear of failure, and wellbeing: An insight from Minangkabau entrepreneurship
زلزله ، ترس از شکست و رفاه: بینشی از کارآفرینی مینانگ کابائو-2020
Earthquakes have become a constant threat in West Sumatra, Indonesia, with the most recent occurring in 2009.This phenomenon has been observed to be due to the inhabitation of people, predominantly the Minangkabau ethnic group in the “ring of fire,” which potentially causes the megathrust earthquakes and arguably shaped entrepreneurial behaviors. Therefore, the objective of this study was to examine the relationship between earthquake impact, preparedness for megathrust, fear of failure, Small Medium Enterprise (SME) financial performance, and entrepreneurs’ wellbeing. Furthermore, the fear of failure was regarded as a construct which significantly shaped the responses of entrepreneurs towards natural disasters. This investigation adopted a quantitative approach, using Smart PLS, to survey 120 small and medium enterprises affected by the 2009 West Sumatra’s earthquake. The results showed the post-earthquake impact was positively and significantly related to fear of failure while the relationships between fear of failure, financial performance, and well-being of SME were also established. Moreover, the context of Minangkabau as a completely Muslim society generated arguments regarding religiosity and organizational resilience. These factors were discovered to have influenced entrepreneurship towards making a significant contribution to the body of knowledge in disaster entrepreneurship studies.
Keywords: Earthquakes | Fear of failure | Entrepreneurs’ wellbeing | Preparedness of megathrust earthquakes | Disaster entrepreneurship | Organizational resilience
آیا سرمایه گذاری در بازاریابی رابطه ای برای تجارت بندری واقعاً ارزشمند است؟
سال انتشار: 2019 - تعداد صفحات فایل pdf انگلیسی: 9 - تعداد صفحات فایل doc فارسی: 35
پایانه های کانتینری به خاطر نیروهایی نظیر اتحادهای استراتژیک، خصوصی سازی، مناطق همپوشان و اپراتورهای پایانه جهانی، با رقابت شدید و محیطی دائماً در حال تغییر مواجه شده اند. برای توجیه هزینه های بالای سرمایه گذاری و بهره برداری و رسیدن به سودآوری، پایانه های کانتینری بایستی به حجم بار رضایت بخشی برسند. عملاً، سرمایه گذاریهای فیزیکی و همکاری میان بنادر راههای فعلی مبارزه بنادر به نیروهای جدید در بازار حمل و نقل کانتینری به حساب می آیند. به علاوه، یکی از عوامل مهم برای بندر جهت تضمین جریانات کافی، وفاداری مشتری می باشد. این مطالعه، تاثیرات تاکتیک های بازاریابی رابطه ای بر شاخص های عملکرد مالی و غیر مالی پایانه های کانتینری را بررسی می کند. داده های مورد نظر از 24 پایانه کانتینری واقع در ترکیه (134 پاسخ) جمع آوری و از طریق مدلسازی معادله ساختاری چند سطحی مورد تجزیه و تحلیل قرار گرفت. براساس یافته های بدست آمده، نتیجه اصلی ما آن است که هرچه بندر تاکتیک های بازاریابی رابطه ای را بیشتر پیاده کند، به همان نسبت کیفیت ارتباط با مشتری بالاتر است، که در ادامه ازآن به عنوان عملکرد ارتباط با مشتری، و متعاقباً عملکرد مالی نام برده می شود.
کلمات کلیدی: بازاریابی رابطه ای | بازاریابی خدمات بندر | ارتباط با مشتری بندر | عملکرد مالی بندر | عملکرد بندر
|مقاله ترجمه شده|
Deep learning for decision making and the optimization of socially responsible investments and portfolio
یادگیری عمیق برای تصمیم گیری و بهینه سازی سرمایه گذاری ها و نمونه کارها با مسئولیت اجتماعی-2019
A socially responsible investment portfolio takes into consideration the environmental, social and governance aspects of companies. It has become an emerging topic for both financial investors and researchers recently. Traditional investment and portfolio theories, which are used for the optimization of financial investment portfolios, are inadequate for decision-making and the construction of an optimized socially responsible investment portfolio. In response to this problem, we introduced a Deep Responsible Investment Portfolio (DRIP) model that contains a Multivariate Bidirectional Long Short-Term Memory neural network, to predict stock returns for the construction of a socially responsible investment portfolio. The deep reinforcement learning technique was adapted to retrain neural networks and rebalance the portfolio periodically. Our empirical data revealed that the DRIP framework could achieve competitive financial performance and better social impact compared to traditional portfolio models, sustainable indexes and funds.
Keywords: Socially responsible investment | Portfolio optimization | Multivariate analytics | Deep reinforcement learning | Decision support systems
Corporate Social Responsibility and financial performance: A comparative study in the Sub-Saharan Africa banking sector
مسئولیت اجتماعی شرکت و عملکرد مالی: یک مطالعه مقایسه ای در بخش بانکی زیر صحرای آفریقا-2019
There is a growing interest in Corporate Social Responsibility (CSR), both in the professional and academic fields. Building on the Stakeholder theory, this study examines the impact of voluntary CSR disclosure on Financial Performance (FP) in the Sub-Saharan banking sector by comparing the top-ranked banks in Mozambique and the Republic of South Africa. This study applied content analysis to assess the Corporate Social Responsibility dimensions and the general measure of FP such as Return on Asset (ROA) and Return on Equity (ROE), which are published in the annual reports in accordance with International Financial Reporting Standards (IFRS). Based on a panel data covering the period of 2012e2016, this study regresses FP on CSR disclosure and found a significant and positive relationship between FP and CSR disclosure, suggesting that CSR behavior is helpful to improve the performance of banks. The findings indicate that the Republic of South Africa banks are slightly over performing Mozambican banks, and the Republic of South Africa banks are disclosing more information regarding CSR than Mozambican banks. Also, the influence of the positive CSR disclosure index is much stronger than that of the negative CSR disclosure index on improving FP. In practical terms, it is believed that the voluntary report on CSR commitment could help the banking sector to improve its FP. The evidence from the study can help regulators and investors to understand the banks business practices in these two countries.