Mission statements and financial and sustainability performance: An exploratory study of Benefit Corporations certified as B Corps
Mion G, Loza Adau CR, Bonfanti A, De Crescenzo V (2023)
Publication Type: Journal article
Publication year: 2023
Journal
Book Volume: 157
Pages Range: 113585
Article Number: 113585
DOI: 10.1016/j.jbusres.2022.113585
Abstract
This study aims to identify the components of mission statements of Italian benefit corporations certified as B Corps and analyse those expressing and leading to financial and sustainability performance. On the basis of content analysis and fuzzy set qualitative comparative analysis, the findings revealed that mission statement components express a dual identity, with the sustainability dimension being more marked than the financial dimension. While all mission statements generated an impact beyond the boundaries of the organisation, only some addressed specific stakeholders, particularly customers, society and the environment, while neglecting investors. The sustainability performance of certified B Corps depends on a combination of multiple factors. Additionally, a combination of mission statement features and balance sheet dimensions are conducive to improved sustainability performance. Theoretical, practical and social implications are provided.
Authors with CRIS profile
Involved external institutions
Universität Wien / University of Vienna
Austria (AT)
Cologne Business School GmbH (CBS)
Germany (DE)
University of Verona / Università degli Studi di Verona
Italy (IT)
Austria (AT)
Cologne Business School GmbH (CBS)
Germany (DE)
University of Verona / Università degli Studi di Verona
Italy (IT)
How to cite
APA:
Mion, G., Loza Adau, C.R., Bonfanti, A., & De Crescenzo, V. (2023). Mission statements and financial and sustainability performance: An exploratory study of Benefit Corporations certified as B Corps. Journal of Business Research, 157, 113585. https://dx.doi.org/10.1016/j.jbusres.2022.113585
MLA:
Mion, Giorgio, et al. "Mission statements and financial and sustainability performance: An exploratory study of Benefit Corporations certified as B Corps." Journal of Business Research 157 (2023): 113585.
BibTeX: Download