Benedict XVI in Caritas in Veritate advances a positive view of businesses that are hybrids between several traditional categories. He expects that the “logic of gift” that animates civil society infuses the market and the State with relations typical for it – reciprocity, gratuitousness,...

Both, CSR and corporate philanthropy are expressions of the interferences between the company and its societal environment. However, the question of the relationship between CSR and corporate philanthropy remains unclear. We apply alignment theory to shed light on the interdependencies of CSR...

Work integration social enterprises (WISE) are under pressure in two different regards. On the one hand, they have to participate in the market and compete with other firms, ensuring that they are sustainable in terms of prices, costs and quality. On the other hand, they endeavour to offer a...

The India's most exploited people, the Dalits, have been raising voice against the ongoing process of globalisation fearing that it would gradually lead to a total dismantling of whatever protective and developmental measures, including the reservation policy, guaranteed in their favour in the...

Walmart stores often bring some negative consequences to their neighborhoods. As a result, Walmart frequently faces strong opposition when they plan to launch new stores. Charitable donations could be a way to compensate the local communities and alleviate the opposition. By leveraging our newly...

As the study of entrepreneurship and the study of business ethics become increasingly established, the intersection of entrepreneurship and ethics is receiving increasing scholarly attention. In this paper, we review the research connecting ethics and entrepreneurship, classifying the literature...

The Encyclical-Letter "Caritas in Veritate" by Pope Benedict XVI suggests to advance towards a new conceptualization of the tenuous relationship between economics and ethics, proposing a “new humanistic synthesis”. Where social encyclicals have traditionally justified policy proposals by...

The present paper aims to present the picture of the Third Sector in Romania, today and the way it relates to Law 219/2015 on the Social Economy. It was analyzed the current legislative text and the specific laws on establishing and functioning of the key organizations concerned. It has been...

Mission Investing (MI) is an umbrella term for the practice of non-profit organizations (NPO) to include their mission into their investment policy. Despite the growing popularity of this concept it still greatly lacks a scientific foundation. This article identifies key characteristics of MI by...

The aim of this paper is to show, jointly by means of theoretical and empirical studies and through the Pan-Arab Enda case installed in Tunisia, that the adoption of a policy of credit rationing makes it possible to cure the problems of information asymmetry and to ensure the performance of...