 The transition towards benefit corporations: What are the roles for stakeholders?Vincenzo Riso, Mouhcine Tallaki, Enrico Bracci and Silvia Cantele Business Strategy and the Environment, 2024, vol. 33, issue 2, 904-916 Abstract: A benefit corporation (BC) is the legal status of an enterprise that embraces a dual‐purpose business model (BM) of maximising shareholder value while satisfying stakeholders' interests. The literature so far has focussed on the motivations beyond the birth or transformation of BC, the factors that can favour the emergence of BCs, and the results companies achieve after the transformation, as well as studies on the new BCs' legislation. Other studies have examined how the duality of purpose (profit vs. social benefits) can be composed, and the risks of a mission drift favouring profit maximisation in BCs. By drawing on stakeholder theory, this study aims to highlight the role of stakeholders in the process of transformation from a traditional for‐profit BM to a BC model. We adopt a qualitative approach through a longitudinal case study to observe the transition of a small‐medium enterprise into a BC. The results show how management and engagement practices coexist in the relationships with stakeholders and how an instrumental approach prevails. Date: 2024 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:bstrat:v:33:y:2024:i:2:p:904-916 Ordering information: This journal article can be ordered from Access Statistics for this article Business Strategy and the Environment is currently edited by Richard Welford More articles in Business Strategy and the Environment from Wiley Blackwell |
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