The impact of social identity and social alliance on economic performance in social enterprise
Alternative Title
사회적 기업의 사회적 정체성과 사회적 협업 관계가 경제적 성과에 미치는 요인분석
Publication Type
Journal Article
Publication Date
6-2019
Abstract
The present study investigates the relationship between social competence and economic performance in social enterprises. Social enterprises simultaneously pursue social value creation and economic value creation, two of which are not easily compatible each other. This study explores the conditions under which these two values can synergize with each other and thereby, positively affect each other’s performance. In particular, I examine how two important social competences, that is, social identity and social alliance, influence economic performance of social enterprises. Using the secondary data on social enterprises from Korea Social Enterprise Promotion Agency, I run OLS regression analyses to test hypotheses. I find that investment on social value creation, only when it aligns with social identity, has a statistically significant and positive relationship with economic performance of social enterprises. Further, the study finds evidence that social alliance in and of itself does not affect economic performance of social enterprises. However, social alliance does have a positive influence on social enterprises’ economic performance, only when taking into account social alliance partners’ organizational attributes and a focal social enterprise’s degree of readiness to absorb expected gains from social alliance altogether. The present study improves our understanding on social entrepreneurship research by suggesting how social enterprises can enhance two seemingly incompatible values in a simultaneous manner. I also discuss potentially fruitful future research agenda based on the present paper’s findings.
Keywords
Social enterprises, Economic performance, Social identity, Social alliance
Discipline
Entrepreneurial and Small Business Operations
Research Areas
Strategy and Organisation
Publication
Asia-Pacific Journal of Business Venturing and Entrepreneurship
Volume
14
Issue
3
First Page
47
Last Page
58
ISSN
1975-7557
Citation
KANG, Hye Young.
The impact of social identity and social alliance on economic performance in social enterprise. (2019). Asia-Pacific Journal of Business Venturing and Entrepreneurship. 14, (3), 47-58.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/6486
External URL
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