Can Nonprofit Enterprises Lead to Better Revenue Conditions in Local Government?

Park, Soyoung; Kim, Sung‐Chan

doi:10.1177/0275074015573832

Cited by 6 publications

(3 citation statements)

References 19 publications

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“…Through offering job opportunities to the disadvantaged, reinvigorating local communities, and sharing power with employees, social enterprise can contribute to not only promoting equitable outcomes for society but also extending practical democratic rights into the economic realm, which improves public confidence and engagement in democracy (Rothschild, 2009). Social enterprise is also considered to represent not only the advanced complementary relationship between governments and civil society (S. Park & Kim, 2016) but also the emergence of a public value governance that involves effective cross-sector, cross-level, and multistakeholder governance in a shared-power world (Bryson et al, 2015; C.…”

Section: Discussionmentioning

confidence: 99%

Can Infused Publicness Enhance Public Value Creation? Examining the Impact of Government Funding on the Performance of Social Enterprises in South Korea

Choi

Berry

2020

The American Review of Public Administration

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Numerous countries employ social enterprise as an alternative way of addressing social, economic, and environmental problems, with this new approach steadily gaining strength over the last two decades. Despite this growth, few empirical studies have examined the effects of government policies on social enterprise development. Seeking to fill this gap, this study examines the impact of government funding on the social and economic performance of social enterprises in South Korea, framed by integrative publicness hypotheses. The integrative publicness framework posits that infused publicness by government funding can enhance public value creation. To investigate the impact of government funding on social enterprises, this study has gathered data from annual reports voluntarily published by Korean social enterprises in 2018. Regression was employed to analyze the data. The findings suggest that government funding is positively associated with social enterprise’s employment of the disadvantaged, community contribution, and democratic decision-making. In addition, government funding is related to a decrease in the business profitability of social enterprises, implying that it may lessen their profit-maximization. This study provides policymakers and managers of social enterprises with suggestions on how to measure the outcomes of social enterprises and offers real-world touchstones on how they can improve their creation of public value.

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Section: Discussionmentioning

confidence: 99%

Can Infused Publicness Enhance Public Value Creation? Examining the Impact of Government Funding on the Performance of Social Enterprises in South Korea

Choi

Berry

2020

The American Review of Public Administration

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“…Intermediate variables: diversified investments and financing constraints. The degree of diversification (Dhy) is measured by referring to Park and Kim (2016), and the Herfindel Index (HHI) for each firm's business is chosen (Table 5). Specifically, this is the dispersion of firm size in the market, with a larger value indicating less diversification.…”

Section: Variable Measuresmentioning

confidence: 99%

The power influence of executives and corporate investment efficiency: empirical evidence from Chinese state-owned enterprises

Huang,

Qiu

2023

Humanit Soc Sci Commun

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Previous literature has explored investment efficiency in terms of executive incentives, supervisory mechanisms, information disclosure, agency conflicts, and managerial capabilities. This study focuses on analysing the power influence of executives in the context of Chinese State-Owned Enterprises (SOEs) from the two hypotheses of “economic man” and “social man”, aiming to improve the research between the power influence of executives and investment efficiency. This study adopts principal component analysis to comprehensively evaluate the power influence of executives in Chinese SOEs from four dimensions, namely, organisational position influence, personal competence influence, industry influence, and prestige influence. Using the analytical tool STATA15 to establish a regression model, the mechanism of executive power influence on investment efficiency is explored from the logic of “financing constraints” and “diversification”. It then explores the moderating effects of equity concentration and independent director oversight. The empirical results show that the greater the power influence of the executive, the lower the investment efficiency. The intermediary mechanisms of this study find that executives of Chinese SOEs can use their power influence to reduce financing constraints, obtain more resources, and make diversified investments, thus generating inefficient investments. This study also finds that equity concentration and oversight by independent directors have a positive moderating effect on executive power and investment efficiency. The results of this study are robust due to the use of the instrumental variables approach. The innovation of this study integrates the measurement of executive power influence in the particular context of SOEs and analyzes its impact on investment efficiency. It enriches the study of factors influencing executive power and corporate investment efficiency.

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“…Given the profit-seeking nature of enterprises, an increase in RED input usually leads to an increase in RED expected output, which generally includes enterprise interest, industry output value, and employees' salary. Under the condition of increasing output, the financial revenue of the local government can be reinforced, and the methods of increasing financial revenue generally rise with much higher land transfer fees, corporate taxes, and personal taxes (Park and Kim, 2016). The increase in government revenue further leads to more financial support for environmental improvement (Ge et al, 2021).…”

Section: Theoretical Connotationmentioning

confidence: 99%

Spatial–Temporal pattern and evolutionary trend of eco-efficiency of real estate development in the yangtze river economic belt

Fan

Deng

et al. 2022

Front. Environ. Sci.

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The eco-efficiency of real estate development (RED) is an important indicator in evaluating the effectiveness of eco-civilization construction. Thus, analyzing its temporal evolution and spatial spillover effect can help to judge the degree of coordinated development between RED and eco-civilization construction in the Yangtze River Economic Belt (YREB). From an ecology-based angle of RED, the data of 108 cities in YREB from 2006 to 2020 were selected. Then, the Super-SBM model, Moran’s I model, and Markov chain model were used to measure the eco-efficiency value of RED and analyze its spatial–temporal evolutionary characteristics. Research results indicate that the eco-efficiency of RED in YREB increased by 7.3%. Differences were apparent in the regional eco-efficiency of RED, but the gap gradually narrowed, and the range decreased from 0.60 to 0.05. A positive spatial autocorrelation was observed in the eco-efficiency of RED, and the high–high (H-H) cluster areas showed a trend of expansion and transfer. The proportion of H-H cluster cities increased from 11 to 20%, whereas the low–low cluster areas showed a trend of small-scale diffusion. The eco-efficiency of RED exhibited consistently stable and “club convergence” characteristics. When the spatial spillover effect is ignored, the eco-efficiency of RED presents at least 55.1% probability to be maintained in the original state. By contrast, when the spatial spillover effect is considered, the probability can be increased, and the assimilation effect of transferring the eco-efficiency of RED can be enhanced. In the future, the overall eco-efficiency of RED in YREB can be improved by exploring new development technologies, establishing collaborative development mechanisms among cities, and adopting eco-protection-oriented reward and punishment policies.

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Can Nonprofit Enterprises Lead to Better Revenue Conditions in Local Government?

Cited by 6 publications

References 19 publications

Can Infused Publicness Enhance Public Value Creation? Examining the Impact of Government Funding on the Performance of Social Enterprises in South Korea

Can Infused Publicness Enhance Public Value Creation? Examining the Impact of Government Funding on the Performance of Social Enterprises in South Korea

The power influence of executives and corporate investment efficiency: empirical evidence from Chinese state-owned enterprises

Spatial–Temporal pattern and evolutionary trend of eco-efficiency of real estate development in the yangtze river economic belt

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