A Study of the Economic and Social Performance of Social Enterprise

Abstract

In this study, It is utilized 103 management panic data about social enterprises in Chungnam area (Chungnam, Daejeon, Sejong) region from 2011 to 2017. The organizational characteristics (organiz ational type, type of certification, company's region, external grants, paid employees) were set as in dependent variables with economic performance (sales) and social performance (employment of vulne rable class) as dependent variables. We analyzed the factors affecting the economic and social perfo rmance of social enterprises and confirmed the correlation between economic and social performanc e. The results of this study are as follows: First, the organizational characteristics of social enterpri ses showed a significant difference in sales as economic performance. External grants have no posit ive effect on the economic performance (sales) of social enterprises, while paid workers have a posi tive (+) influence on the economic performance. Second, the organizational characteristics of social enterprises showed significant differences in employment of the vulnerable class, which is social perf ormance. Only the paid workers had a statistically significant relationship with the social performan ce of the social enterprise. Third, the correlation between economic performance (sales) and social performance (employment of the vulnerable class), which is the result of social enterprise, is shown. This can enhance a social enterprises' sustainable growth and self-sufficiency by improving the empl oyment of vulnerable people, the economic performance of a social enterprise, which is sales and s ocial performance, and ultimately can manifest the value and purpose of the social enterprise.