Social Enterprises’Institutional Rationale and Its Inspirations for the Modern Market Economy

This study analyzes the ways in which social enterprises contribute to society’s goals.In the new era of human development,many social problems cannot be resolved without the participation of social enterprises(SEs).The study on these enterprises is of great significance for theoretical research and practical observation.In a modern market economy,SEs have pro-social market vitality and compatibility with the market economy;their action gives a glimpse into the truth of human development.As can be seen from the socio-economic reality,numerous entrepreneurs nurture a desire to run SEs at a certain stage of their career development.The tendency of some entrepreneurs to run SEs is of great significance for this study.Social enterprises are hybrid enterprises as opposed to for-profit enterprises and SEs must address complex problems through organizational and institutional innovations.State owned enterprises(SOEs)and SEs share many topics of research and have much to learn from each other,and a key question for SOE reform is what makes SOEs efficient quasi-social enterprises.Both SOEs and SEs assume a social mandate,and their fulfillment of social responsibilities is underpinned by their economic efficiency(market competitiveness).The theoretical rationale and institutional mechanism of SEs-not least their innovation practice and formation of rules-stem from the relationship and coordination between economic and social exchanges under market-based conditions.Social enterprises focus on altruistic social exchange but need to be supported by a certain economic exchange to finance their operations.The biggest social problem for China is its failure to balance economic and social exchanges,as well as the method of reward.Research on SEs should promote the understanding of these questions and the quest for their solutions.Social enterprises may inspire more enterprises to pursue pro-social innovation and development.

How can social enterprises contribute to sustainable pro-poor tourism development?

"Tourism-Assisting the Poor" has been an important approach in anti-poverty strategy. Studies suggest that the conventional tourism model fails to generate benefits for the poor and to some extent enlarges the gap between the poor and the rich, which subsequently causes more social problems. Pro-poor tourism(PPT) is regarded as an alternative model. Precisely targeted assistance to the poor is the key to initiating this model, while the institutional change and implementation mechanism are essential to run it successfully and sustainably. Social entrepreneurship focusing on social values while adopting modern business philosophy has been introduced recently as an instrument in helping disadvantage population. This paper takes the Smangus community in Taiwan as an example to explore the role of social entrepreneurship and social enterprises in PPT development. It also discusses their implications for the anti-poverty practice in other regions including ethnic areas in China.

The influence of the corporate social responsibility disclosures on consumer brand attitudes under the impact of CO VID-19

This study focuses on the use of we-media by small-and medium-sized enterprises(SMEs)to disclose internal corporate social responsibility(ICSR)under the impact of the 2019 novel coronavirus disease(COVID-19).Study 1 interprets the catalyst effect of COVID-19 on the externalization of SMEs'ICSR.The fuzzy grading evaluation method is initially verified.Under the impact of COVID-19,SMEs fulfilling their ICSR can enhance consumer brand attitudes.Study 2 uses a structural equation model and empirical analysis of 946 effective samples and finds that consumers perceive the self-sacrifice of corporations during the coronavirus disease period.SMEs can fulfill their ICSR to enhance the internal explanation mechanism of consumer brand attitudes and the moderating role of enterprise losses.

Will the State-owned Capital Transfer Policy Enhance the Sustainability of the Urban Employee Basic Pension Insurance Fund in China?

To analyze the efect of the state-owned capital transfer policy on the sustainability of China's urban employee basic pension insurance fund(CUEBPIF),this study develops an actuarial model for pension insurance.The results reveal the following:(i)Without policy intervention,the CUEBPIF would face a deficit in 2027 and a cumulative shortfall of RMB207.44 trillion by 2050,and the proportion of fiscal subsidies for the CUEBPIF in the total fiscal expenditure would increase to 12.86 percent in 2050.(i)Based on a delayed retirement policy,the transfer of 10 percent of state-owned capital can delay the onset of the fund deficit by 6 years,and the accumulated shortfall in 2050 would fall to RMB39.42 trillion,and the proportion of fiscal subsidies would decrease by I1.77 percentage points.(ii)The state-owned capital transfer policy can improve the sustainability of the CUEBPIF and reduce the burden of enterprise social security contributions when the transfer ratio increases to 20 percent.