Legitimacy and Sustainability of Social Enterprise: Governance and Accountability

Zainon, Saunah; Ahmad, Syahrul Ahmar; Atan, Ruhaya; Wah, Yap Bee; Bakar, Zainab Abu; Sarman, Siti Rahayu

doi:10.1016/j.sbspro.2014.06.022

Cited by 32 publications

(34 citation statements)

References 6 publications

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“…The past years have seen discussions related to legitimacy of social enterprise (SE) proliferated (Ray and Ghosh 2014;Zainon et al 2014 Chris Mason 2012), spurred by the ethos of entrepreneurialism and organisational identity. The term social enterprise refers to organisations that combine social and economic missions in innovative ways to address some of the most pressing problems in modern societies (Santos, 2012).…”

Section: Introductionmentioning

confidence: 99%

‘Fitting In’ vs. ‘Standing Out’: How Social Enterprises Engage with Stakeholders to Legitimize their Hybrid Position

Granados

Rosli

2019

Journal of Social Entrepreneurship

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We investigate how social enterprises actively engage with their stakeholders to legitimise their hybrid position in addressing both social and businesses audience. This is particularly important in their effort to capturing stability (expectation to 'fit in') within an emerging field and at the same time to address change and growth (expectation to 'stand out') with their limited resources, in order to be profitable enterprises, while creating social value. We analyse in-depth interviews to senior members of twenty-one UK-based social enterprises, and we find that for many SEs involved in legitimisation exercise through the supportive system, collective system, and stakeholders' impression. By outlining the integrated framework on stakeholder engagement for hybrid legitimacy, we found that (i) legitimisation exercise through collective sharing of SE identity help to build SE image and legitimise SE socially driven mission, while (ii) legitimisation through supportive system (resources and business advantage) help building credibility by demonstrating SE capability to grow economically.

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Section: Introductionmentioning

confidence: 99%

‘Fitting In’ vs. ‘Standing Out’: How Social Enterprises Engage with Stakeholders to Legitimize their Hybrid Position

Granados

Rosli

2019

Journal of Social Entrepreneurship

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“…Currently, there is no specific classification on the SE and ISE in Malaysia. In addition, there is also no specific authorised database or source that can be considered as the SE and ISE in Malaysia (Zainon et al, 2014). There is no authority responsible for SE and ISE registration and monitoring processes in Malaysia.…”

Section: Methodsmentioning

confidence: 99%

Classification of Islamic Social Enterprise (Ise) in Malaysia Based on Economic Sectors

Kamaruddin

Auzair

2018

MAR

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Based on Islamic social enterprise (ISE) concept which is a combination of both social and economic objectives embedded with Islamic principles and values, this study aims to classify ISE based on economic sectors namely public, private and non-profit sectors. In addition, eight organisations that represent ISEs in Malaysia are also being discussed in order to support the classification of ISE based on economic sectors. In order to examine these eight ISEs, this study reviews professional documents, online information and comprehensive literature to analyse selected ISEs in Malaysia. Based on findings, this study concludes that ISEs in Malaysia can be classified based on all three economic sectors identified. Therefore, this study contributes to the body of knowledge as the first study made in examining and exploring classification of ISEs based on economic sectors specifically within Malaysia context. Besides, this study also among the pioneer studies on ISE itself. Keywords: Islamic Social Enterprise (ISE), Social Enterprise (SE), Economic sector, Islamic social accounting

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“…Therefore, any nonprofit organisation in Malaysia adopting the SE concept, which is a combination of both social and economic activities in an organisation, is recognised as SE. In addition, there is no specific authorised database or sources of SE in Malaysia (Zainon et al, 2014). Furthermore, there is no authority responsible for SE and ISE registration and monitoring in Malaysia.…”

Section: Literature Reviewmentioning

confidence: 99%

Accountability in Malaysian Islamic Social Enterprises (ISEs): Stakeholder Versus Management Perspectives

Kamaruddin

Auzair

2020

International Journal of Banking and Finance

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This study compares stakeholder and management perspectives on accountability practices in Malaysian Islamic Social Enterprises (ISEs). Two sets of questionnaires were used in the survey for this study. The first set was answered randomly by 100 ISE stakeholders, and the second set was answered by the management from 102 Malaysian ISEs. The findings showed that both ISE stakeholders and ISE management have mixed agreement for all six proposed accountability dimensions. Based on this result, Malaysian ISEs need to improve their accountability practices, particularly with regard to input, output and procedures. The accountability measurement proposed in this study could also be used by other ISEs as indicators to evaluate their accountability practices.

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Legitimacy and Sustainability of Social Enterprise: Governance and Accountability

Cited by 32 publications

References 6 publications

‘Fitting In’ vs. ‘Standing Out’: How Social Enterprises Engage with Stakeholders to Legitimize their Hybrid Position

‘Fitting In’ vs. ‘Standing Out’: How Social Enterprises Engage with Stakeholders to Legitimize their Hybrid Position

Classification of Islamic Social Enterprise (Ise) in Malaysia Based on Economic Sectors

Accountability in Malaysian Islamic Social Enterprises (ISEs): Stakeholder Versus Management Perspectives

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