Evaluation of Financial Instruments for Social Innovation Development

The 20th World Multi-Conference on Systemics, Cybernetics and Informatics (WMSCI 2016): Proceedings / edited by N.Callaos ... [et al.]. Vol.1 2016
Anna Svirina, Sofia Syurkova, Tālis Laizāns, Natalia Appalonova, Gulnara Murtazina

The paper analyzes the relationship between financial instruments used by social enterprise, and its performance and social innovation activity. To evaluate this relationship we study 34 social enterprises, and measure their profitability, innovation activity, management quality, mission fulfillment, financial sustainability, client loyalty, share of debt in liabilities, share of crowdfunding and government support, social innovation activity and importance of innovation process, both evaluated according to expert opinion. We evaluated the suggestion that structure of capital, as well as level of social innovation activity and its importance to social enterprise’s management are related to company performance, and moderation of financial instruments might lead to higher social business efficiency. Quantitative evaluation was performed by means of correlation, regression and cluster analysis performed by means of SPSS Statistics.

Keywords
Social innovation, social enterprises, financial instruments, enterprises development, efficiency
Hyperlink
http://www.iiis.org/CDs2016/CD2016Summer/papers/SA747IV.pdf

Svirina, A., Syurkova, S., Laizāns, T., Appalonova, N., Murtazina, G. Evaluation of Financial Instruments for Social Innovation Development. In: The 20th World Multi-Conference on Systemics, Cybernetics and Informatics (WMSCI 2016): Proceedings / edited by N.Callaos ... [et al.]. Vol.1, United States of America, Orlando, 5-8 July, 2016. Orlando: International Institute of Informatics and Cybernetics (IIIS), 2016, pp.25-30. ISBN 978-1-941763-47-6.

Publication language
English (en)