A Study on the Factors Effecting Performance and Correlation in Social Enterprises

사회적기업의 성과 영향요인과 상관관계에 관한 연구

  • Kim, Hee-Chul (Division of International Trade, Chungwoon University)
  • 김희철 (청운대학교 국제통상학과)
  • Received : 2017.06.19
  • Accepted : 2017.07.07
  • Published : 2017.07.31


The purpose of this study is to empirically analyze factors which influence social and economic performance of social enterprises, and to examine the correlation of factors affecting social and economic performance. This study was conducted following the hypothesis that the organizational characteristics(organizational type, certification type, certification year, social service supply type, and external grants) of social enterprises affect social and economic performance, and that significant correlation exists between social and economic performance. This study collected the disclosure materials of 219 social enterprises certified between 2007- 2014 from the directory of the Korean Social Enterprise Promotion Agency. The study results are as follows: First, organizational characteristics affect social performance(i.e. jobs for the vulnerable classes). In addition, certification year and external grants had a positive effect on social performance. Second, the organizational characteristics affect the economic performance(i.e. sales), and certification year and external grants had a positive effect on economic performance. However, organizational type had a negative effect on the economic performance(i.e. sales). Third, analysis found a positive correlation of factors affecting social and economic performance. This study suggests the need to diversify support policies according to the number of authentication years in order to promote self-reliance and sustainability by maximizing the social and economic performance of social enterprises.


Correlation of Social and Economic Performance;Economic Performance;Organizational Characteristics Factors;Social Enterprise;Social Performance


Supported by : 청운대학교


  1. H. C. Kim, "A Study on Performance Analysis of Social Enterprises", Korean Journal of Business Administration, vol. 28, no. 7, pp. 1797-1812, 2015.
  2. N. Y. Sun, N. H. Park, "The Analysis of the Factors Effecting the Socio-economic Results of the Social Enterprise", Local Government Studies, vol. 15, no. 2, pp. 141-164, 2011.
  3. Y. R. Chang, J. H. Hong, J. H. Cha, "A Study on the Factors Which have Influence on the Performance and Sustainability of Social Enterprises", Accounting Information Review, vol. 30, no. 2, pp. 175-207, 2012.
  4. S. M. Cho, S. I. Kwon, S. J. Kim, "Do Organizational Factor Influence the Outcome of Social Enterprise?", Korean Journal of Social Welfare, vol. 64, no. 3, pp. 29-50, 2012. DOI:
  5. J. I. Kim, "A Study on the Performance Difference depend on the Characteristics and Support Type of Social Enterprises: Focusing on the Social Enterprises Notifying Management Information Autonomously", Journal of Korean Social Welfare Administration, vol. 16, no. 2, pp. 181-212, 2014.
  6. S. P. Cho, S. H. Son, "Relationship between Corporate Social Performance and Financial Performance", Journal of Business Research, vol. 24, no. 4, pp. 121-156, 2009.
  7. S. K. Kim, "An Exploratory Study on the Characters of Social Enterprise in Korea: Issues & Implications", Social Welfare Policy, vol. 36, no. 2, pp. 139-166, 2009. DOI:
  8. M. Orlitzky, F. L. Schmidt, S. L. Ryness, "Corporate Social Performance and Financial Performance: A Meta-Analysis", Organization Studies, vol. 24, no. 3, pp. 403-441, 2003. DOI:
  9. M. I. Wu, "Corporate Social Performance, Corporate Financial Performance, and Firm Size: A Meta-Analysis", Journal of American Academy of Business, vol. 8, no. 1, pp. 163-171, 2006.
  10. G. H. Yook, "The Analysis of the Circulation Loop of Corporate Social and Environmental Performance, Productivity, and Financial Performance", Productivity Review, vol. 25, no. 1, pp. 27-40, 2011. DOI:
  11. J. S. Choi, B. J. Kang, "A Study on Social and Economic Performance Analysis of Social Enterprises in Seoul", 2012 Summer Conference of The Korean Association for Policy Studies, pp. 401-420, 2012.
  12. S. S. Park, T. Y. Um, "Contradiction between Social and Economic Aims of Social Enterprise and Interaction Effect of It's Traditional Social-Economic Organization", Health and Social Welfare Review, vol. 30, no. 1, pp. 287-311, 2010. DOI:
  13. K. Chen, R. W. Metcalf, "The Relationship Between Pollution Control Record and Financial Indicator Revisited", American Review, vol. 55, pp. 168-177, 2010.
  14. A. Ulmann, "Data in Search of a Theory, a Critical Examination of the Relationship among Social Performance, Social Disclosure and Economics Performance of U. S. Firm", Academy of Management Review, vol. 10, no. 3, pp. 540-557, 1985.
  15. S. L. Berman, A. C. Wicks, S. Kotha, T. M. Jones, "The Relationship Between Stakeholders Management Models and Firm Financial Performance", Academy of Management Journal, vol. 42, no. 5, pp. 488-506, 1999. DOI:
  16. L. Preston, D. O'Bannon, "The Corporate Social Financial Performance Relationship: A Typology and Analysis", Business and Society, vol. 36, no. 4, pp. 419-429, 1997. DOI: