Dr. Park Tae-hwan from the Dongmyung University Human Rights Center and Dr. Kim Bu-gon from the Department of Business Consulting at Pukyong National University recently published a joint research paper titled "An Empirical Analysis of the Impact on the Financial Performance of Social Enterprises."
The paper empirically analyzed the impact of corporate capability variables from a resource-based perspective on the financial performance of social enterprises as an alternative to address the difficulties faced by small business owners due to COVID-19.
Dr. Park and Dr. Kim presented results showing that when the corporate capabilities of social enterprises are harmonized, financial performance can improve. They also analyzed factors influencing financial performance based on corporate capabilities targeting social enterprises nationwide at the current time following the enactment of the Social Enterprise Promotion Act.
They further analyzed the common influencing factors of key elements on the financial performance of social enterprises in fulfilling social responsibility, thereby redefining support directions for establishing future management goals and strategies for social enterprises.
Dr. Taehwan Park (left) from Dongmyung University Human Rights Center, Dr. Bugon Kim from Pukyong National University Department of Business Consulting.
They stated, "If a market that realizes the friendly image and social value of social enterprises themselves is created, social enterprises will establish themselves as a key player in the corporate society of our country."
In addition to the paper presented at the Korea Society of Trade Information, Dr. Park Tae-hwan and Dr. Kim Bu-gon also published a joint research paper titled "A Study on the Impact of External Income of Private Universities on Major Financial and Accounting Indicators" in the Korean Management Consulting Society (a KCI-registered journal).
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
