Small Business Social Responsibility: More than Size

Abstract

B e n d ell, Je m (2 0 1 7) C u r r e n cy in n ov a tio n fo r s u s t ai n a bl e fin a n ci n g of S M E s: c o n t ex t, c a s e s t u dy a n d s c al a bility. Jou r n al of Co r p o r a t e Citiz e n s hi p, 2 0 1 7 (6 7). p p. 3 9-6 2. Do w nlo a d e d fro m: h t t p://i n si g h t. c u m b ri a. a c. u k/i d/ e p ri n t/ 3 0 7 0/ U s a g e o f a n y i t e m s f r o m t h e U n i v e r s i t y o f C u m b r i a' s i n s t i t u t i o n a l r e p o s i t o r y 'I n s i g h t' m u s t c o n f o r m t o t h e f o l l o w i n g f a i r u s a g e g u i d e l i n e s .Any it e m a n d it s a s s o ci a t e d m e t a d a t a h el d in t h e U niv e r si ty of C u m b ri a 's in s ti t u tio n al r e p o si t o ry In si g h t (u nl e s s s t a t e d o t h e r wi s e o n t h e m e t a d a t a r e c o r d) m a y b e c o pi e d, di s pl ay e d o r p e rfo r m e d, a n d s t o r e d in lin e wi t h t h e JISC fai r d e ali n g g ui d eli n e s (av ail a bl e h e r e ) for e d u c a tio n al a n d n o t-fo r-p r ofit a c tiviti e s AbstractThe purpose of this paper is to introduce the topic of complementary currencies to the academy engaged in research on corporate responsibility and responsible finance, as well as the broader field of progressive management studies. It responds to the growing awareness that both managers and researchers need to address a systemic challenge of our time, concerning stagnating economies and growing inequality. An underlying cause of that problem is identified as mainstream monetary systems and the implications for inadequate financing of SMEs and microenterprises. The potential of currency innovation, from cryptographic currencies like Bitcoin, to local currencies and then to commercial barter and countertrade are discussed. Given the novelty of these phenomena for management studies in general and corporate responsibility in particular, an interdisciplinary literature review is presented. Then a case study of a complementary currency in an informal settlement in Kenya is presented and implications for the wider adoption of useful new currencies discussed. It concludes therefore that SMEs need certain types of complementary currency more than others and proposes that companies can engage in currencies as part of their corporate responsibility programmes as well as for direct business benefit.

The Role of Top Managers in Implementing Corporate Sustainability—A Systematic Literature Review on Small and Medium-Sized Enterprises

“…Accordingly, we identified major value dimensions of SME top managers (benevolence, achievement, power, and conformity values) that mostly drive CS. Our literature review contributes to calls for research by academics, regulators, and practitioners, to further investigate the development of CS in SMEs (Berk 2017). Moreover, our findings contribute to social interest as well as the management literature by deriving recommendations and practical implications.…”

“…Additionally, the well-treatment of employees is a key characteristic of SMEs (Hammann et al 2009) due to the more direct and intense relation between SME executives and their employees (Torrès 2003). However, although existing literature indicated that SMEs engage in CS, several studies showed that most SMEs do not comprehend or use the term "CS" even when interacting in CS (Berk 2017;Giovanna and Lucio 2012) and oftentimes perceive the term CS as unattractive and off-putting (Grayson and Dodd 2007). Arguing that most SME executives do not view CS as an external but rather as "an integral part of the way they manage their firm" (Jenkins 2009;Kechiche and Soparnot 2012, p. 98).…”

“…Despite recent research mostly focused on large multinational corporations (Jamali et al 2009;Muheki et al 2014;Spence 2007) research on small and medium enterprises (SMEs) has gained further momentum (Baden et al 2011;Fassin et al 2011). Although there has been a notable increase in SME-related CS studies, research in this area is still needed (Berk 2017). SMEs have only a limited individual impact.…”

Social responsibility of business and government in the conditions of the COVID-19 pandemic

“…Among them are R. Peckham, J. Lepoutre, A. Heene and others. The research highlights issues such as the nature of world economic crisis in the context of civilizational development of world and the development of anti-crisis measures, although fragmented [1][2][3][4][5][6][7], As for business social responsibility researchers, the greatest attention to these issues was paid by A. Berk, M. Morsing, L. J. Spence and others [8][9][10][11][12].…”

Implementation Of Accounting Information Systems By Small And Medium Enterprises In Banyumas

“…Accounting information systems (AIS) guide the best action in allocating scarce resources in business and economic activity. AIS can help businesses, especially SMEs, overcome short-term problems in financing, expenditures, and cash flows by applying the monitoring and control mechanism (Deaconu and Buiga 2015;Kunttu and Torkkeli 2018;Berk 2017). Applying the accounting information can help SMEs in a very dynamic and competitive environment integrate the operational elements into long-term strategic planning (Gimede 2004;Burch 2018;Whah and Shiang 2018;Kunttu and Torkkeli 2018).…”