In order to understand an organization’s survival and growth, legitimacy plays a key role. This paper explains how social accounting can generate legitimacy for a social company and make companies more sustainable. The demand to know the value that different organizations generate or detract from society has increased since the global crisis of 2008. Sustainable organizations are those that positively impact all stakeholder groups. In this paper, an analysis of 20 Spanish social companies that have implemented or are going to implement social accounting is made. We analyzed, through interviews, the expectations and integration of social accounting, determining change-emerging factors occurring after the application of social accounting. For the qualitative analysis of the information collected, NVivo 12 was used, a software program adequate for qualitative and mixed-methods research. The main finding shows that most companies communicate results internally; thus, these companies expect a higher involvement in the implementation of social accounting. Social companies, since their value is fundamentally not centered on that which comes from commercial activity, need to evidence their effort on specific social values that do not go through the market, and so are not reflected in traditional financial statements.
The aim of this paper is to determine the success factors based on principal change driving forces when implementing social accounting into social companies, and by extension, gain an insight into the overall impact of social accounting, in other words the monetization of social value. It includes a quantitative analysis of the various effects involved in implementing social accounting in Social Economy companies: 1) improving relations with stakeholders; 2) the commitment of company employees; 3) an interest in comparing results with other companies that have also introduced social accounting; 4) networking with other organizations through social accounting. Twenty-seven percent of the social companies that apply social accounting participated in the study. It was applied at three points (prior to, immediately after and six months after applying social accounting), social accounting in order to compare expectations of perceptions regarding communication, strategy and results after implementing social accounting. The results of statistical analysis conducted by SPSS Statistics 26.0 suggest that the main reason that leads social companies to apply social accounting is to improve reputation. Likewise, they suggest that the more time passes, the greater the incidence of social accounting in communication and strategy. This study contributes to "Lewin's change theory" whereby the change project is implemented by generating greater collaborator participation through empowerment in social economy entities, where employee participation is crucial.
En este trabajo, se presenta un modelo de gestión de tesorería innovador, denominado Mutual Cash Holding (MCH) que se define en base a seis variables (expectativas, confianza, transparencia, garantías, gestión y beneficio mutuo), que intervienen significativamente en la gestión colaborativa de la tesorería; y en el que el tamaño y el sector actúan como variables modeladoras. El trabajo se soporta sobre una muestra de empresas españolas profesionalizadas. El análisis factorial realizado permite concluir la existencia de un modelo unificado de MCH; en él las expectativas, la confianza y la gestión, obtienen una valoración significativamente superior al resto de variables.
Traditionally, corporate treasury management has been strategically based on the idea of advancing collections and delaying payments, which has been regulated through the intermediation of financial entities using, for example, credit accounts. New technologies applied to the financial field facilitate direct interaction between companies and reduce the transaction costs, because they allow adjustment of the flows of needs, but high confidence is required. The current ease of access to credit does not promote the incorporation of new financial relationship systems, but the operation of these systems should be studied, since a future credit restriction, like that known in Europe at the end of the 2000s, could change the situation. The aim of this paper was to identify the factors involved in this relationship among companies and establish the main conditions for cash sharing between companies to achieve a successful financial function. The investigation is based on a Delphi analysis used to analyze the successful experiences of shared cash (Mondragon Corporation, Trocobuy, and Arboribus), the needed variables, and their context. Then, our model was created from that exploratory knowledge. Our model is called mutual cash holding and its relevance and reliability were contrasted using structural equations based on a questionnaire administered to financial managers of large- and medium-sized Spanish companies. The result generates knowledge that articulates a new collaborative tool that expands the possibilities for treasury management among companies.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.