Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/81084
Title: | Enhancing the competitiveness and sustainability of social enterprises in Hong Kong : a three-dimensional analysis | Authors: | Leung, S Mo, P Ling, H Chandra, Y Ho, SS |
Issue Date: | 2019 | Source: | China journal of accounting research, June 2019, v. 12, no. 2, p. 157-176 | Abstract: | Running a social enterprise (SE) is more difficult than running a small or medium-sized enterprise because SEs have to achieve both economic sustainability as business enterprises and their social mission for the benefit of society. After a few years of operation, many SEs fail or struggle for survival. In this study, we examine some of the factors that affect an SE's profitability, financial management, and business planning and management. Based on in-depth interviews with 22 social enterprises in Hong Kong, we find that SEs with the dual investment objectives of social mission and financial return are more sustainable and competitive than SEs with social impact as their sole objective. Furthermore, SEs managed by non-owner managers have better financial planning and performance than those managed by owner managers. In addition, SEs with an oversight/advisory committee are more competitive and have better management practices than those without such a committee. Our findings have policy implications for government, SEs, funding bodies, and non-profit organizations to enhance and promote the development of the social enterprise sector. | Keywords: | Social enterprises Corporate governance Sustainability Social mission Advisory committee Social enterprise performance |
Publisher: | Elsevier | Journal: | China journal of accounting research | ISSN: | 1755-3091 | EISSN: | 2214-1421 | DOI: | 10.1016/j.cjar.2019.03.002 | Rights: | ©2019 Sun Yat-sen University. Production and hosting by Elsevier B.V.This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). The following publication Leung, S., Mo, P., Ling, H., Chandra, Y., & Ho, S. S. (2019). Enhancing the competitiveness and sustainability of social enterprises in Hong Kong : a three-dimensional analysis. China journal of accounting research, 12(2), 157-176 is available at |
Appears in Collections: | Journal/Magazine Article |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
Leung_Competitiveness_Social_Hong.pdf | 3.22 MB | Adobe PDF | View/Open |
Page views
92
Last Week
0
0
Last month
Citations as of Apr 21, 2024
Downloads
96
Citations as of Apr 21, 2024
SCOPUSTM
Citations
26
Citations as of Apr 26, 2024
WEB OF SCIENCETM
Citations
20
Citations as of Apr 25, 2024
Google ScholarTM
Check
Altmetric
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.