The impact of B corp certification on growth
| Autor: | Heidi Vander Bauwhede, Philippe Van Cauwenberge, Valerie Paelman |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Matching (statistics)
Monitoring growth Geography Planning and Development TJ807-830 impact measurement Accounting Sample (statistics) Audit Certification Management Monitoring Policy and Law TD194-195 Renewable energy sources Business and Economics sustainable enterprises 0502 economics and business Credibility GE1-350 Renewable Energy Planning and Development sustainability certification Environmental effects of industries and plants Sustainability and the Environment Geography Policy and Law Renewable Energy Sustainability and the Environment business.industry 05 social sciences Test (assessment) Management Environmental sciences B Corp certification Propensity score matching hybrid enterprises 050211 marketing business 050203 business & management Panel data |
| Zdroj: | SUSTAINABILITY Sustainability, Vol 13, Iss 7191, p 7191 (2021) Sustainability Volume 13 Issue 13 |
| ISSN: | 2071-1050 |
| Popis: | We empirically test whether B Corp certification affects the short- and medium-term growth rates of sustainable enterprises. These businesses are growing in popularity and prevalence but, due to their hybrid nature, often suffer from external credibility issues and competing internal logics. Because of the rigorous and time-involving audit procedure, B Corp certification potentially sends a credible signal about the sustainable nature of the enterprise to its stakeholders. In addition, the B Corp label could help to straighten out internal tensions and align the company towards its dual purpose. Hence, B Corp certification could contribute to company success. We observe 129 firms that were certified between 2013 and 2018 over a period between six years prior and five years post-certification. Using propensity score matching, we identify 129 non-certified matching companies. On this sample, we conduct a difference-in-differences panel regression analysis to investigate the effect of certification. Our dataset allows us to study how the effects of B Corp certification evolve over time, which was previously untested. Our study documents a positive effect of B Corp certification on turnover growth and also that this effect increases with the time since certification, implying that certification requires some time for its full effect to become apparent. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|