Performance of Social Enterprises in the Czech Republic

Asmalovskij, Alexandr; Sadílek, Tomáš; Hinčica, Vít; Mizerová, Michala

doi:10.1080/19420676.2018.1521865

Cited by 19 publications

(15 citation statements)

References 19 publications

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“…Overall, SEs in Czech Republic are financially unstable and suffer losses (Asmalovskij, Sadílek, Hinčica, Mizerová, 2018). The authors have shown that the profitability of these enterprises is directly linked to their size and there is not a strong correlation between the age of the company and its profitability.…”

Section: Fundingmentioning

confidence: 98%

“…As in other countries, there is not one unified approach for gathering data on SE in the Czech Republic (Asmalovskij, Sadílek, Hinčica, Mizerová, 2018). That is why statistics review the number of potential SEs.…”

Section: Se Characteristicsmentioning

confidence: 99%

“…The authors have shown that the profitability of these enterprises is directly linked to their size and there is not a strong correlation between the age of the company and its profitability. As any company's performance depends on the lifecycle stage (Asmalovskij, Sadílek, Hinčica, Mizerová, 2018) it is logical to assume that the unstable financial situation of SEs is related to their short life-span.…”

Section: Fundingmentioning

confidence: 99%

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Social enterprises’ ecosystem - status quo and its auspicious development

Arabadzhieva

Vutsova

2020

REVE

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Se ha prestado cada vez más atención al desarrollo del sector social en Europa. El artículo presenta varios modelos existentes de empresas sociales en Bulgaria y otros Estados miembros, como, la República Checa, Grecia y Hungría, y analiza el ecosistema en el que están funcionando. La selección se basa en características territoriales, demográficas y hasta cierto punto regionales. Se realizó un breve análisis comparativo. El principal aspecto examinado es el marco legal en el que operan. Se presenta una revisión de la posible cartera de instrumentos de financiación internacionales y nacionales y se realiza un breve análisis de la trazabilidad de los resultados. Se comenta la actualización existente y futura de las legislaciones y políticas nacionales. Se ha hecho una evaluación general del entorno necesario para sus actividades. Se deliberan las características básicas y los problemas de los ecosistemas. El artículo analiza las barreras comunes y proporciona recomendaciones en las cuales los países examinados podrían trabajar para mejorar el éxito de las empresas sociales. El artículo indica que la inestabilidad del entorno legal y financiero dificulta el desarrollo de las empresas sociales y reduce su longevidad.

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Section: Fundingmentioning

confidence: 98%

Section: Se Characteristicsmentioning

confidence: 99%

Section: Fundingmentioning

confidence: 99%

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Social enterprises’ ecosystem - status quo and its auspicious development

Arabadzhieva

Vutsova

2020

REVE

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“…Any effort to propose an assessment tool to better understand how different SEs operate and perform would be a favourable development (OECD, 2015). The framework developed in this paper will assist SEs to identify the most appropriate tool or framework to meet their social mission and help to avoid risks or the repetition of past mistakes (Asmalovskij et al , 2019). In the context of this paper, the quality of the SE refers to its ability to create impact and report on it.…”

Section: Legitimacy Theory: Rationale For Measuring Social Impactmentioning

confidence: 99%

Evaluation of social impact measurement tools and techniques: a systematic review of the literature

Kah

Akenroye

2020

SEJ

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Purpose In spite of the availability of metrics for measuring social impact (SI), it can be difficult for organisations to select tools that fit their precise needs. To address this challenge, this study conducts a systematic literature review by using legitimacy theory as a point of departure. It examines tools that capture three dimensions of sustainability – social, economic and environmental (SEE) – and firm size. Design/methodology/approach Top four journal databases in the social sciences from the FT50 review were searched to identify articles published in peer-reviewed journals in the 2009-2019 period, using keywords to conceptualise the construct. For comprehensive assessment, this study adopted a method that requires the logic synthesis of concepts and evidence emerging from the literature to address the research aim. Findings The results show that most of the articles developed tools or frameworks to measure SI based on the triple bottom line of sustainability – SEE – and firm size. However, there is insufficient evidence of their integration into practice. Research limitations/implications This work contributes to the legitimisation of social enterprises (SEs) by using validated tools and frameworks to develop practical suggestions for SI measurement (SIM). Originality/value As legitimacy is an important rationale for SIM, this study adds value through the development of a suitability framework. The framework enables SEs to identify the most appropriate tool for their purpose and size to establish legitimacy through impact measurement and reporting.

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“…Austin et al (2006) as well as Florin and Schmidt (2011) see this topic as one of the three most important research streams next to psychological and sociological perspectives of social entrepreneurs and the management of entrepreneurial processes in social enterprises. However, according to Asmalovskij et al (2019), Bengo et al (2015) Keating and Frumkin (2003) and Chmelik et al (2015), the spectrum of recognised approaches to facilitate this research discussion is limited and also numerous attempts have been focused on the topic of performance of social sector, not the economic and local ones. The research stream is fragmented, and the limited insight and variability in measuring makes it difficult to understand whether and to what extent a social enterprise is successful.…”

Section: Introductionmentioning

confidence: 99%

An application of input-output analysis to social enterprises: a case of the Czech Republic

Procházková

Nosková

2020

JEEE

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Purpose This paper aims to investigate the issue of performance measurement of social enterprises with main particular focus on economic performance approach reflecting local aspect, since the local aspect plays a significant role in social entrepreneurship concept. Thus, comparison of two instruments that consider local aspects: local multiplier 3 (LM3) and Input-Output analysis is examined. Input-Output analysis is empirically used to calculate social enterprises’ impact on the Czech economy and to confirm the assumption to be more suitable instrument for economic performance measurement of social enterprises in comparison to local multiplier 3 method. Design/methodology/approach The research adopted two-phase approach. At first a qualitative approach was used to compare the two selected instruments (LM3 and Input-Output analysis). Consequently, a quantitative research was applied to determine the impact of social enterprises’ activities on the economies of individual regions. The research was carried out on a sample of social enterprises (143 subjects) in the Czech Republic covering the year 2015. For this approach, Symmetric Input-Output tables and multipliers were calculated and revenue data from each observed social enterprise were used. Findings The findings of the research indicate effects of social enterprises’ activities on the economy in individual regions of the Czech Republic. The results clearly show that the impact of social enterprises on the Czech economy is not negligible. Calculated impacts differ in sectors as well as in regions. Besides, of these findings, the assumption that the Input-Output analysis is more appropriate instrument for economic performance measurement of social enterprises, especially in situation of a larger sample of social enterprises in different regions, in comparison to LM3 method, was confirmed. Research limitations/implications The limitations of this study is the dependence on the Symmetric Input-Output tables, which are usually published by local statistical offices and it takes some time to construct them. A more significant limitation and future research direction relates to the lack of generally accepted measurement framework in the sector of social enterprises and lack of the data, especially quantitative, in the Czech Republic. Practical implications The findings of the research represent a significant contribution to the process chain of understanding the role of social enterprises in (local) economy. The lack of proven impact of social enterprises to economy is considered as important limit of this sector development, not only from the perspective of investors and donors but also from the perspective of policymakers and even social enterprises themselves. The Input-Output analysis can be applied for any region of any country and can contribute to reduce scepticism about economic performance of social enterprises, thus to support putting social and environmental goals of social enterprises into practice. Social implications This research has been carried out on the so far largest identified sample of social enterprises in the Czech Republic and provides data for discourse among stakeholders about social enterprises’ impact; thus, it enables to understand their impact and make capable to enlarge their support network and development. Originality/value This research is a pioneering attempt to provide data about economic impact of social enterprises using Input-Output analysis in the Czech Republic. No previous research identifies such a large sample of Czech social enterprises and collects quantitative data about them, as well as considers Input-Output analysis as an option instead of LM3 method. The effort of this research has been to react on a research gap in studies related to the impact of social enterprises (reflecting local aspect). This paper could be understood as beneficial not only from the perspective of the Czech Republic but also worldwide.

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Performance of Social Enterprises in the Czech Republic

Cited by 19 publications

References 19 publications

Social enterprises’ ecosystem - status quo and its auspicious development

Social enterprises’ ecosystem - status quo and its auspicious development

Evaluation of social impact measurement tools and techniques: a systematic review of the literature

An application of input-output analysis to social enterprises: a case of the Czech Republic

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