In this paper, we investigate whether capital structure differs between for-profit and nonprofit sectors by focusing on two key aspects of the latter: the non-distribution constraint and the stakeholder oriented governance system. We develop a theoretical model and show that the former...

Passion - in the sense of fervent commitment to action - and compassion - understood as sensitive openness for social and ecological concerns - are not a sure formula for business success. Whether social or ecological entrepreneurs, who find themselves under pressure from market competition,...

Social enterprises are a unique form of organisation, located where the public, private and voluntary sectors intersect, typically founded by dynamic individuals who deal with social injustice by finding resources in the community. As these organisations develop, isomorphic pressures from...

This paper argues that the perspective of ordonomic - a rational-choice based analysis of (interdependencies between) social structure and semantics - can provide new insights into the changing role of business in society. We claim (a) that the proper role of business is societal value creation,...

Organizations are betting on the social responsibility of organizations as a source for future sustainability. There is concern about how business resources are managed and how they will be managed in the future, especially in times of crisis. Giving strategic value to social responsibility is...

What drives European Union (EU) policy change in a sensitive and contentious area? To answer this question, this article tells the story of Corporate Social Responsibility (CSR) in the EU from its beginnings until the present. The EU's role in EU CSR has changed from social-liberal...