Autori: Broglia, Angela, Corsi, Corrado
Titolo: Financial performance and company size: the informative power of Value Added in Italian social cooperatives
Periodico: Sinergie
Anno: 2024 - Volume: 42 - Fascicolo: 124 - Pagina iniziale: 207 - Pagina finale: 231

Frame of the research: The link between financial performance and company size has long been a phenomenon that has been investigated with specific reference to the enterprise; starting from this consolidated literature and given the importance that social cooperatives have assumed in the current economic scenario, a summary indicator that can adequately express this link is considered more useful than ever. No previous study faced the topic of this study related to social cooperatives, as hybrid businesses that combine characters typical of firms with specific peculiarities. Purpose of the paper: The purpose of the paper is to demonstrate, through an empirical study, the informative power of Value Added in reflecting the relationship between economic performance and size regarding social cooperatives. Methodology: The analysis considers a sample of 9,268 Italian social cooperatives to highlight the expressiveness of Value Added in reflecting the link between its performance and size. The study applies a combination of two different methods to reach its aim: correlation analysis and analysis of the association between characteristics. Findings: The study shows that Value Added has a greater capacity than Operating earnings to reflect the business trend in size and employment creation. Research limits: The research is limited to two years for reasonable and justified reasons; however, this period is objectively short and requires expansion in future studies of the phenomenon investigated. The study ties size growth to economic performance alone, excluding other factors (quality of governance, organizational set-up, working conditions, reward systems, etc.) that require consideration in future insights. Practical implications: The research demonstrates the opportunity to: reconfigure the income statement format by making Value Added explicit, including information on the creation and distribution of Value Added in the social balance sheet; use temporal changes in Value Added in the construc-tion of indicators aimed at signalling the capacity of the company to create jobs. Originality of the paper: This research extends and deepens the analysis on the correlation between size and performance focusing on social cooperatives, a particular type of social enterprise that previous studies on Value Added have neglected. It increases knowledge of the informative properties of Value Added and provides insights for creating valuable tools for applying incentive policies to so-cial cooperatives.




SICI: 0393-5108(2024)42:124<207:FPACST>2.0.ZU;2-9
Testo completo: https://ojs.sijm.it/index.php/sinergie/article/view/1782/978

Esportazione dati in Refworks (solo per utenti abilitati)

Biblioteche ACNP che possiedono il periodico