@article{MionLozaAdauiBonfantietal.2022, author = {Mion, Giorgio and Loza Adaui, Cristian Rolando and Bonfanti, Angelo and De Crescenzo, Veronica}, title = {Mission statements and financial and sustainability performance: An exploratory study of Benefit Corporations certified as B Corps}, volume = {2023}, pages = {113585}, journal = {Journal of Business Research}, number = {157}, publisher = {Elsevier}, address = {Amsterdam}, issn = {1873-7978}, doi = {https://doi.org/10.1016/j.jbusres.2022.113585}, year = {2022}, language = {en} } @article{MionBonfantiDeCrescenzoetal.2023, author = {Mion, Giorgio and Bonfanti, Angelo and De Crescenzo, Veronica and Loza Adaui, Cristian Rolando}, title = {Mission statement and social impact: Shedding light on the contribution of Italian B corps to society}, volume = {57}, pages = {102377}, journal = {Long Range Planning}, number = {1}, publisher = {Elsevier}, address = {London}, issn = {1873-1872}, doi = {https://doi.org/10.1016/j.lrp.2023.102377}, year = {2023}, abstract = {This qualitative study examines the relationship between the mission statements of 161 Italian B Corps and their social impact performance, measured by the B Impact Assessment (BIA). The research combined different qualitative methods: content analysis, text mining, and fuzzy-set qualitative comparative analysis (fsQCA) in a homogeneous research design to explore the content of B Corps mission statements and their influence on social impact performance. The results reveal that B Corps' mission statements are compound in nature, combining elements related to philosophy and values, environmental protection, and social benefit with the drive toward market success and economic performance. Additionally, mission statements with rich content are associated with better social impact performance, highlighting the role of the mission statement in creating identity and imprinting differentiation for B Corps. Finally, this study offers practical recommendations for entrepreneurs and managers of B Corps to craft clear mission statements that promote positive social impact.}, language = {en} } @article{BonfantiDeCrescenzoSimeonietal.2023, author = {Bonfanti, Angelo and De Crescenzo, Veronica and Simeoni, Francesca and Loza Adaui, Cristian Rolando}, title = {Convergences and divergences in sustainable entrepreneurship and social entrepreneurship research: A systematic review and research agenda}, volume = {2024}, pages = {114336}, journal = {Journal of Business Research}, number = {170}, publisher = {Elsevier}, address = {New York}, issn = {0148-2963}, doi = {https://doi.org/10.1016/j.jbusres.2023.114336}, year = {2023}, abstract = {Entrepreneurial ventures that explicitly address social and environmental issues have proliferated, together with diverse but strictly connected research streams and academic discussions around the phenomena of social entrepreneurship and sustainable entrepreneurship. However, while existing literature reviews address either social or sustainable entrepreneurship, studies systematizing the convergences and divergences of both sustainable and social entrepreneurship simultaneously in the academic literature are lacking. To fill this gap, the authors performed a systematic literature review covering the Scopus and Web of Science databases from 2001 to 2022. A total of 209 articles were reviewed, and thematic and lexical data analyses were conducted. As a result, convergences and divergences related to enablers, impact, business models, financial constraints, and fundraising instruments were identified. This article concludes by providing insights about knowledge gaps associated with the role of entrepreneurs, networks, impact measurement, business model innovation, and the capital structure of social and sustainable ventures.}, language = {en} } @article{AriasBarriolaLozaAdaui2024, author = {Arias, Diego and Barriola, Xabier and Loza Adaui, Cristian Rolando}, title = {Corporate purpose and early disaster response: Providing evidence of dynamic materiality?}, volume = {33}, journal = {Business Strategy and the Environment}, number = {5}, publisher = {Wiley}, address = {New York}, issn = {1099-0836}, doi = {https://doi.org/10.1002/bse.3707}, pages = {4598 -- 4612}, year = {2024}, abstract = {This paper examines the relationship between corporate purpose and disaster response. To that aim, we use a unique dataset generated by Just Capital's COVID-19 response tracker that characterizes the early responses of 928 companies included in the Russell 1000 Index generated by the COVID-19 pandemic. We marry this data to the Business Roundtable Statement on the Purpose of a Corporation (BRT-CPS) signatories list, which includes 210 firms that declared "a fundamental commitment to all stakeholders" as their corporate purpose. We estimate the differential impact of BRT-CPS signees on the rest. After controlling our results with financial indicators and environmental, social, and governance (ESG) data, we convey that BRT-CPS signees were more likely to develop strategies that benefited their surrounding communities and other stakeholders. Moreover, corporations with high ESG were less likely to have an early response that directly benefited stakeholders other than shareholders, except for layoffs and unpaid leave. Finally, we discuss the outcomes considering the symbolic management theory, corporate purpose literature, and its relation to stakeholder management.}, language = {en} }