"This paper investigates the impact of economic policy uncertainty (EPU) on the corporate philanthropy (CP) behaviors of firms using a dataset from Chinese A-share listed firms. We find that, on average, firms decrease their CP significantly when economic policy uncertainty increases, but the response is heterogeneous for firms with different ownership types. Compared with their counterparts, private firms are willing to contribute more donations in an environment with high economic policy uncertainty. Further analysis shows that private firms take on more other types of corporate social responsibility at the same time, and private firms' additional CP in a high EPU environment is rewarded with more subsidies, indicating that altruistic and political motives may play important roles in driving the CP behaviors of private firms."
"Using geographical distribution data on corporate philanthropy in China from 2009 to 2016, we provide robust evidence of companies’ revenue-driven regional favoritism. Specifically, companies donate more to regions where they obtain revenue than to other regions. Further evidence suggests that this revenue-driven regional favoritism may have both reputational and political motivations. Further analysis suggests that China’s targeted poverty alleviation policy has compromised revenue-driven regional favoritism while increasing the amount of money donated to poor regions. Overall, we enrich understanding of decision-making on corporate philanthropy. We also demonstrate that companies can use the geographical distribution of corporate philanthropy strategically to obtain consumer and government favor in regions where they operate."
"Holding several factors constant, we conclude that receiving continuous loans from ACME had some positive effects on Haitian businesses. We find a positive impact on business expansion through various outcomes. Compared to new clients, firms that had completed at least three loan cycles had a higher probability of hiring new workers in 2018 and of increasing their merchandise stock. They also reported higher profits and savings. The results also highlight the gender-differentiated impact of microloans on businesses. Although ACME loans are critical in helping women open new outlets, the outcomes of increasing stock and adding new services are found only among male-owned businesses."
"Impact investors pursue both financial and social goals and have become an important source of funding for social enterprises. Our study assesses impact investor criteria when screening social enterprises. Applying an experimental conjoint analysis to a sample of 179 impact investors, we find that the three most important criteria are the authenticity of the founding team, the importance of the societal problem targeted by the venture, and the venture's financial sustainability. We then compare the importance of these screening criteria across different types of impact investors (i.e., donors, equity investors, and debt investors). We find that donors pay more attention to the importance of the societal problem and less attention to financial sustainability than do equity and debt investors. Additionally, equity investors place a higher value on the large-scale implementation of the social project than do debt investors. We contribute to the nascent literature on impact investing by documenting how impact investors make investment decisions and by providing a nuanced view of different investor types active in this novel market. Practical implications exist for both impact investors and social enterprises."
"By applying the COMPASS methodology to explore both investee- and investment-level impact performance, these studies enable investors to understand the impact performance of their investments and compare progress relative to the change needed to tackle climate change and improve job quality. Specifically, these studies examine how investors can differentiate their investment results on the basis of impact. With a standard method, investors can compare performance with their peers in a reliable way, indeed even compete with peers, to strengthen performance. Using the same process, but considering results from another perspective, investors can also compare their performance to the change that is needed to tackle the global challenge they aim to address."
"There is growing evidence that the growth of small and growing businesses (SGBs) can be spurred by business development services (BDS). But how BDS is provided is critical to its success. Five fundamental considerations, acronymized as SCALE, have emerged that drive effectiveness. This report shows that even quite simple changes of approach can yield significant benefits to entrepreneurial growth. Together with an accompanying toolkit, it offers both BDS providers and funders guidance on how to implement dimensions of SCALE, proven to increase effectiveness, and as a result, boost SGBs revenues and job creation."
"This report offers a trend analysis of women’s entrepreneurship in 50 countries, five global regions and three national income levels. We focus on four key themes in the first half of the report, followed by a closer analysis of region- and country-specific patterns in the second half. The four themes are (1) gender differences in rates at various points in the entrepreneurial lifecycle, from intentions through to startup activity, new business, established business and business exit; (2) gender differences in COVID impacts, both positive and negative; (3) structural inequalities and women’s participation in high-potential startups; and (4) factors in the enabling environment that likely influence gender differences in entrepreneurial activity.
Our findings offer insights to a diverse audience of researchers, policymakers, educators and practitioners. Our goal is to highlight areas where women entrepreneurs have made significant progress, where the COVID-19 pandemic impacted their business outcomes, and where there are still gaps, challenges and opportunities that can be better addressed."
Entrepreneurs who lead innovative companies and spearhead transformative solutions are needed to address some of the world’s most pressing issues. Endeavor Insight offers in-depth research on innovation and entrepreneurship across agriculture, healthcare, and clean energy sectors, made possible with support from the Lemelson Foundation, and additional funding for agriculture-specific research by Small Foundation.
These studies evaluate the challenges and opportunities for founders creating positive impact in emerging markets, specifically sub-Saharan Africa and India. Based on data from more than 500 innovative companies and interviews with over 130 entrepreneurs, the research draws lessons from high-performing companies, identifies how they are addressing urgent needs, and analyzes the role of ecosystem actors such as support organizations in enabling their success.
"Swisscontact and Startup Heatmap Europe have joined forces to develop a self-serving toolkit that empowers startup hubs all around the world to measure the health of their ecosystems. The toolkit supports managers of startup programs, university incubators, research transfer organizations, ecosystem builders and policy makers to track the progress of their ecosystem build-up. End-users are empowered to use the toolkit to source data in their home ecosystems, enter them in an interactive dashboard and based on the outcomes, and identify recommended fields of action."
"Taking advantage of China’s 2017 free trade zone (FTZ) program introduced in 15 cities, we adopt the difference-in-difference techniques to evaluate the effectiveness of FTZ policies in encouraging entrepreneurship. Our econometric analysis suggests that they have moderately motivated start-up businesses, evidenced by higher growth of company registrations. The impact was only seen in 2017
but not in any subsequent years. Moreover, the policies haven’t had a clear positive impact on individual firms’ business sizes. The Chinese government hasn’t released any estimation for the costs of FTZ programs, but we expect their economic return to be meager. Therefore, we would suggest not expanding the program further; instead, the government should address the pressing issues that
suppress business activities."