The ability of trust to influence GDP per capita

Zakharov, Dmytro; Безручук, Світлана Леонідівна; Poplavska, Viktoriia; Лайчук, Світлана Михайлівна; Khomenko, Hanna

doi:10.21511/ppm.18(1).2020.26

Cited by 3 publications

(2 citation statements)

References 18 publications

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“…The study of social capital requires the study of multidisciplinary sources: economics, sociology, psychology, behavior, and management. In a business network, the efficiency of the enterprise largely depends on the relationship of trust between individuals and groups (Zakharov et al, 2020).…”

Section: Resultsmentioning

confidence: 99%

Counterparties’ Influence on an Enterprise’s Social Capital Formation

Zhyhlei

Zakharov

Ciobanu

2020

IJSAM

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The purpose of this study is to determine the influence of counterparties on the formation of an enterprise’s social capital, which is a component of measuring its value. The size of social capital is the result of the synergistic effect of all its components, namely, trust, social networks, and social norms. In this research study, the components of social capital in an enterprise are estimated to be part of the relationship with the stakeholders of the enterprise, including counterparties. Liquidity and financial stability are the criteria for choosing counterparties and for assessing cooperation prospects with them. Additionally, there are rating organizations such as Transparency International Ukraine, whose 2016 results were taken as a basis for the selection of research objects. Organizational transparency and disclosure of data indicate the intention of a company to be open to stakeholders at all levels to increase their confidence. Thus, the level of transparency of activity and the stability of the social network are interdependent. This study examines and analyzes the cooperation of enterprises with other stakeholders to determine its impact on the formation of the social capital of enterprises. The results will provide a basis for the development of a social capital assessment method.

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Section: Resultsmentioning

confidence: 99%

Counterparties’ Influence on an Enterprise’s Social Capital Formation

Zhyhlei

Zakharov

Ciobanu

2020

IJSAM

Self Cite

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“…Other findings are shown in the motivations that led the explored companies to initiate the certification process to be recognized as a B company, which are mainly due to the fact that they identify, in their business model, a social purpose that they can fulfill, regardless of what B companies declare and promote [57,105]. Conversely, these companies, without having prior knowledge of what social purpose companies are, were interested in being certified as B companies, given their philosophy and principles [106][107][108]. Therefore, they carry out an internal examination of their processes and business models, identifying in them a social purpose that they contribute to society and that they seek to be recognized through B certification.…”

Section: Discussionmentioning

confidence: 99%

The Role of B Companies in Tourism towards Recovery from the Crisis COVID-19 Inculcating Social Values and Responsible Entrepreneurship in Latin America

et al. 2021

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One of the particularities of companies with a social purpose is that, through their business model of B companies, they have incorporated into their processes the necessary mechanisms to obtain, simultaneously, the profits to ensure the existence of the organization in the market. At the same time, social value is generated, which is necessary to address the problems of the social crisis caused by COVID-19 and the environmental problems affecting the community. The current global health and economic crisis has opened up the possibility of adopting business model B and focusing more on the individual. Based on the grounded theory method, we have examined 3500 B Corporations in Latin America, of which 57 were examined in 10 countries listed in the Directory of B Corporations for Latin America. The main conclusions are that B Corporations dedicated to tourism through responsible entrepreneurship develop a more inclusive, sustainable and environmentally friendly economy for the benefit of society, go beyond the notion of CSR and move away from traditional business, as B Corporations combine social development and economic growth.

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