A longitudinal comparison of capital structure between young for-profit social and commercial enterprises

This is the author accepted manuscript. The final version is available from the publisher via the DOI in this recordWe develop a new perspective on capital structure differences between for-profit social and commercial enterprises by combining imprinting and social entrepreneurship theory. Using a longitudinal matched sample, we find that for-profit social enterprises have 40% to 13% lower leverage and up to four times greater leverage stability over time than commercial enterprises. Our results suggest that these differences in capital structure derive from the process of prosocial organizing, which goes beyond the primary focus on financial preferences. Thus, for-profit social enterprises—and similar hybrid organizations, such as B corporations—may require theories adjusted to their context

Frequent CEO Turnover and Firm Performance: The Resilience Effect of Workforce Diversity

© 2020, Springer Nature B.V. CEO turnover (or succession) is a critical event in an organization that influences organizational processes and performance. The objective of this study is to investigate whether workforce diversity (i.e., age, gender, and education-level diversity) might have a resilience effect on firm performance under the frequency of CEO turnover. Based on a sample of 409 Korean firms from 2010 to 2015, our results show that firms with more frequent CEO turnover have a lower firm performance. However, firms with more gender and education-level diversity could buffer the disruptive effect of frequent CEO turnover on firm performance to offer a benefit to the organization. Our theory and findings suggest that effectively managing diverse workforce can be a resilience factor in an uncertain organizational environment because diverse workforce has complementary skills and behaviors that can cope better with uncertainty and signals social inclusion of an organization, thus fostering a long-term exchange relationship. These findings contribute to the literature on CEO turnover (or succession) and diversity

Vulnerable workers' employability competences : the role of establishing clear expectations, developmental inducements and social organizational goals

Contains fulltext : 225826.pdf (publisher's version ) (Closed access)15 p

Sozialunternehmertum

Sozialunternehmertum bezieht sich auf die innovative Nutzung wie Kombination von Ressourcen zur Bewältigung sozialer Probleme und Bedürfnisse. Wir zeichnen Debatten um die Definition von Sozialunternehmertum nach und stellen institutionellen Wandel und die Verfolgung vielfältiger Ziele als Schlüsselmerkmale von Sozialunternehmertum heraus. Auf Basis einer Diskussion verschiedener Arbeiten der Management-, Organisations- und Unternehmertumsforschung eröffnen wir eine prägnante und generative Perspektive auf Sozialunternehmertum. Sie soll helfen, die Erforschung sozialer Innovationen voran zu treiben