Socio-Economic Return of Start-Up Companies: An Advantage of Entrepreneurship

José Luis Retolaza (), Leire San-Jose () and José Torres Pruñonosa
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José Luis Retolaza: Deusto Business School and AURKILAN Action Research Centre and ECRI
José Torres Pruñonosa: Universitat Internacional de Catalunya

Chapter Chapter 19 in New Challenges in Entrepreneurship and Finance, 2015, pp 259-271 from Springer

Abstract: Abstract Over recent years the value of start-ups has been changing rapidly. This paper presents a methodological and quantitative model of the emergent valued practices. Using the SABI data in 2012 it is shown the social value of start-up and consolidate companies; at least in two of its aspects: generation of economic value with social impact and socio-economic return. The application of this model makes possible the quantitative and monetized comparison of integrated value between companies, which would involve more efficient decision-making. Quantitative analysis revealed that this model makes possible the comparison between start-up and consolidated companies. The results indicate that there are differences between them and the created value of start-up companies is bigger than that created by consolidated ones; at least in relation to suppliers, administration and shareholders. It reinforces the importance of the start-up companies in our society from the value point of view and reflects the need by authorities to improve the quality and process of value quantification using the social frameworks. Moreover this model could be used as a tool to value the benchmarking process of the social entrepreneurship.

Keywords: Corporate Social Responsibility; Data Envelopment Analysis; Social Impact; Social Enterprise; Stakeholder Theory (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-08888-4_19

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DOI: 10.1007/978-3-319-08888-4_19

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