IDEAS home Printed from https://ideas.repec.org/a/bla/annpce/v92y2021i4p705-729.html
   My bibliography  Save this article

Ethical values in social economy for sustainable development

Author

Listed:
  • Francisco Rincon‐Roldan
  • Alvaro Lopez‐Cabrales

Abstract

This article examines the relationships between ethical values and business sustainability. Using previously validated measuring scales, we analyzed the relationship between three values (perceived support, respect and responsibility) in the three dimensions of sustainability (economic, social and environmental) with a sample of 124 cooperative entities of social economy. A structural equations model was used to evaluate the relationships between the proposed constructs, employing the Partial Least Squares (PLS‐SEM) method. The results confirm the positive relationships between some of the studied values and the sustainability of social entities, demonstrating that the emphasis on some values over others will result in different impacts on economic, social and environmental sustainability.

Suggested Citation

  • Francisco Rincon‐Roldan & Alvaro Lopez‐Cabrales, 2021. "Ethical values in social economy for sustainable development," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 92(4), pages 705-729, December.
  • Handle: RePEc:bla:annpce:v:92:y:2021:i:4:p:705-729
    DOI: 10.1111/apce.12300
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/apce.12300
    Download Restriction: no

    File URL: https://libkey.io/10.1111/apce.12300?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Eddy Ng & Ronald Burke, 2010. "Predictor of Business Students’ Attitudes Toward Sustainable Business Practices," Journal of Business Ethics, Springer, vol. 95(4), pages 603-615, September.
    2. Margolis, Joshua D., 2001. "Responsibility in Organizational Context," Business Ethics Quarterly, Cambridge University Press, vol. 11(3), pages 431-454, July.
    3. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808.
    4. Armstrong, J. Scott & Overton, Terry S., 1977. "Estimating Nonresponse Bias in Mail Surveys," MPRA Paper 81694, University Library of Munich, Germany.
    5. Pfeffer, Jeffrey, 2010. "Building Sustainable Organizations: The Human Factor," Research Papers 2017r, Stanford University, Graduate School of Business.
    6. Jackson, Keith, 2012. "An Essay on Sustainable Work Systems: Shaping an Agenda for Future Research," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 23(3), pages 296-309.
    7. Maria Järlström & Essi Saru & Sinikka Vanhala, 2018. "Sustainable Human Resource Management with Salience of Stakeholders: A Top Management Perspective," Journal of Business Ethics, Springer, vol. 152(3), pages 703-724, October.
    8. Lis, Bettina, 2012. "The Relevance of Corporate Social Responsibility for a Sustainable Human Resource Management: An Analysis of Organizational Attractiveness as a Determinant in Employees’ Selection of a (Potential) Emp," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 23(3), pages 279-295.
    9. App, Stefanie & Merk, Janina & Buettgen, Marion, 2012. "Employer Branding: Sustainable HRM as a Competitive Advantage in the Market for High-Quality Employees," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 23(3), pages 262-278.
    10. Konstantinos Papazoglou & Mari Koskelainen & Natalie Stuewe, 2019. "Examining the Relationship Between Personality Traits, Compassion Satisfaction, and Compassion Fatigue Among Police Officers," SAGE Open, , vol. 9(1), pages 21582440188, January.
    11. William Shafer & Kyoko Fukukawa & Grace Lee, 2007. "Values and the Perceived Importance of Ethics and Social Responsibility: The U.S. versus China," Journal of Business Ethics, Springer, vol. 70(3), pages 265-284, February.
    12. Dolores Gallardo-Vázquez & Luis Enrique Valdez-Juárez & Ángela María Castuera-Díaz, 2019. "Corporate Social Responsibility as an Antecedent of Innovation, Reputation, Performance, and Competitive Success: A Multiple Mediation Analysis," Sustainability, MDPI, vol. 11(20), pages 1-28, October.
    13. René Schmidpeter, 2013. "Corporate Social Responsibility: A New Management Paradigm?," CSR, Sustainability, Ethics & Governance, in: John O. Okpara & Samuel O. Idowu (ed.), Corporate Social Responsibility, edition 127, chapter 0, pages 171-180, Springer.
    14. Luis Fonseca & Amílcar Ramos & à lvaro Rosa & Ana Cristina Braga & Paulo Sampaio, 2016. "Stakeholders satisfaction and sustainable success," International Journal of Industrial and Systems Engineering, Inderscience Enterprises Ltd, vol. 24(2), pages 144-157.
    15. Caroline A. Bartel & Amy Wrzesniewski & Batia M. Wiesenfeld, 2012. "Knowing Where You Stand: Physical Isolation, Perceived Respect, and Organizational Identification Among Virtual Employees," Organization Science, INFORMS, vol. 23(3), pages 743-757, June.
    16. David Fritzsche & E. Oz, 2007. "Personal Values’ Influence on the Ethical Dimension of Decision Making," Journal of Business Ethics, Springer, vol. 75(4), pages 335-343, November.
    17. Judith Janker & Stefan Mann, 2020. "Understanding the social dimension of sustainability in agriculture: a critical review of sustainability assessment tools," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(3), pages 1671-1691, March.
    18. Liviu Florea & Yu Cheung & Neil Herndon, 2013. "For All Good Reasons: Role of Values in Organizational Sustainability," Journal of Business Ethics, Springer, vol. 114(3), pages 393-408, May.
    19. Schubring, Sandra & Lorscheid, Iris & Meyer, Matthias & Ringle, Christian M., 2016. "The PLS agent: Predictive modeling with PLS-SEM and agent-based simulation," Journal of Business Research, Elsevier, vol. 69(10), pages 4604-4612.
    20. Darrel Brown & Jesse Dillard & R. Scott Marshall, 2006. "Triple Bottom Line: A business metaphor for a social construct," Working Papers 0602, Departament Empresa, Universitat Autònoma de Barcelona, revised Mar 2006.
    21. Lis, Bettina, 2012. "The Relevance of Corporate Social Responsibility for a Sustainable Human Resource Management: An Analysis of Organizational Attractiveness as a Determinant in Employees’ Selection of a (Potential) Emp," management revue. Socio-economic Studies, Rainer Hampp Verlag, vol. 23(3), pages 279-295.
    22. Abagail McWilliams & Donald Siegel, 2000. "Corporate social responsibility and financial performance: correlation or misspecification?," Strategic Management Journal, Wiley Blackwell, vol. 21(5), pages 603-609, May.
    23. Jackson, Keith, 2012. "An Essay on Sustainable Work Systems: Shaping an Agenda for Future Research," management revue. Socio-economic Studies, Rainer Hampp Verlag, vol. 23(3), pages 296-309.
    24. Urša Golob & Klement Podnar & Marko Lah, 2009. "Social economy and social responsibility: alternatives to global anarchy of neoliberalism?," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 36(5), pages 626-640, April.
    25. Smith, Wendy K. & Gonin, Michael & Besharov, Marya L., 2013. "Managing Social-Business Tensions: A Review and Research Agenda for Social Enterprise," Business Ethics Quarterly, Cambridge University Press, vol. 23(3), pages 407-442, July.
    26. Herman Wold, 1980. "Model Construction and Evaluation When Theoretical Knowledge Is Scarce," NBER Chapters, in: Evaluation of Econometric Models, pages 47-74, National Bureau of Economic Research, Inc.
    27. Luis Miguel Fonseca & José Pedro Domingues & Alina Mihaela Dima, 2020. "Mapping the Sustainable Development Goals Relationships," Sustainability, MDPI, vol. 12(8), pages 1-15, April.
    28. Thomas Dyllick & Kai Hockerts, 2002. "Beyond the business case for corporate sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 11(2), pages 130-141, March.
    29. Mie Augier & David J. Teece, 2009. "Dynamic Capabilities and the Role of Managers in Business Strategy and Economic Performance," Organization Science, INFORMS, vol. 20(2), pages 410-421, April.
    30. Sungchul Choi & Alex Ng, 2011. "Environmental and Economic Dimensions of Sustainability and Price Effects on Consumer Responses," Journal of Business Ethics, Springer, vol. 104(2), pages 269-282, December.
    31. Reinartz, Werner & Haenlein, Michael & Henseler, Jörg, 2009. "An empirical comparison of the efficacy of covariance-based and variance-based SEM," International Journal of Research in Marketing, Elsevier, vol. 26(4), pages 332-344.
    32. App, Stefanie & Merk, Janina & Buettgen, Marion, 2012. "Employer Branding: Sustainable HRM as a Competitive Advantage in the Market for High-Quality Employees," management revue. Socio-economic Studies, Rainer Hampp Verlag, vol. 23(3), pages 262-278.
    33. Min-Dong Lee, 2011. "Configuration of External Influences: The Combined Effects of Institutions and Stakeholders on Corporate Social Responsibility Strategies," Journal of Business Ethics, Springer, vol. 102(2), pages 281-298, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mertzanis, Charilaos & Hamill, Philip A. & Pavlopoulos, Athanasios & Houcine, Asma, 2024. "Sustainable investment conditions and corporate cash holdings in the MENA region: Market preparedness and Shari'ah-compliant funds," International Review of Economics & Finance, Elsevier, vol. 93(PB), pages 1043-1063.
    2. Marcos Carchano & Inmaculada Carrasco & Ángela González, 2024. "Eco‐innovation and environmental performance: Insights from Spanish wine companies," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 95(2), pages 595-623, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Francisco J. Rincón Roldán & Álvaro López Cabrales, 2019. "Ethical values in Social Economy, Human Resource Management Practices and Sustainability," Working Papers 19.05, Universidad Pablo de Olavide, Department of Business Organization and Marketing (former Department of Business Administration).
    2. Liviu Florea & Yu Cheung & Neil Herndon, 2013. "For All Good Reasons: Role of Values in Organizational Sustainability," Journal of Business Ethics, Springer, vol. 114(3), pages 393-408, May.
    3. Živilė Stankevičiūtė & Asta Savanevičienė, 2018. "Raising the Curtain in People Management by Exploring How Sustainable HRM Translates to Practice: The Case of Lithuanian Organizations," Sustainability, MDPI, vol. 10(12), pages 1-31, November.
    4. Anselm Schneider, 2015. "Reflexivity in Sustainability Accounting and Management: Transcending the Economic Focus of Corporate Sustainability," Journal of Business Ethics, Springer, vol. 127(3), pages 525-536, March.
    5. Uzhegova, Maria & Torkkeli, Lasse & Saarenketo, Sami, 2019. "Corporate Social Responsibility in SMEs: Implications on Competitive PerformanceDate submitted: October 12, 2017Revised version accepted after double blind review: December 15, 2018," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 30(2-3), pages 232-267.
    6. Katarzyna Piwowar-Sulej & Dominika Bąk-Grabowska, 2020. "Non-Permanent Employment and Employees’ Health in the Context of Sustainable HRM with a Focus on Poland," Social Sciences, MDPI, vol. 9(7), pages 1-23, July.
    7. Barbara Duvnjak & Andrej Kohont, 2021. "The Role of Sustainable HRM in Sustainable Development," Sustainability, MDPI, vol. 13(19), pages 1-19, September.
    8. María Del Mar Alonso‐Almeida & Josep Llach, 2019. "Socially responsible companies: Are they the best workplace for millennials? A cross‐national analysis," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(1), pages 238-247, January.
    9. Cegarra-Navarro, Juan-Gabriel & Reverte, Carmelo & Gómez-Melero, Eduardo & Wensley, Anthony K.P., 2016. "Linking social and economic responsibilities with financial performance: The role of innovation," European Management Journal, Elsevier, vol. 34(5), pages 530-539.
    10. Ozgur Isil & Michael T. Hernke, 2017. "The Triple Bottom Line: A Critical Review from a Transdisciplinary Perspective," Business Strategy and the Environment, Wiley Blackwell, vol. 26(8), pages 1235-1251, December.
    11. Daniel Kiel & Julian M. Müller & Christian Arnold & Kai-Ingo Voigt, 2017. "Sustainable Industrial Value Creation: Benefits And Challenges Of Industry 4.0," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 21(08), pages 1-34, December.
    12. Lis, Bettina, 2012. "The Relevance of Corporate Social Responsibility for a Sustainable Human Resource Management: An Analysis of Organizational Attractiveness as a Determinant in Employees’ Selection of a (Potential) Emp," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 23(3), pages 279-295.
    13. De Prins, Peggy & Van Beirendonck, Lou & De Vos, Ans & Segers, Jesse, 2014. "Sustainable HRM: Bridging theory and practice through the ‘Respect Openness Continuity (ROC)’-model," management revue. Socio-economic Studies, Rainer Hampp Verlag, vol. 25(4), pages 263-284.
    14. Mónica Santana & Rafael Morales-Sánchez & Susana Pasamar, 2020. "Mapping the Link between Corporate Social Responsibility (CSR) and Human Resource Management (HRM): How Is This Relationship Measured?," Sustainability, MDPI, vol. 12(4), pages 1-28, February.
    15. Pinho, José Carlos & Prange, Christiane, 2016. "The effect of social networks and dynamic internationalization capabilities on international performance," Journal of World Business, Elsevier, vol. 51(3), pages 391-403.
    16. Kozica, Arjan & Kaiser, Stephan, 2012. "A Sustainability Perspective on Flexible HRM: How to Cope with Paradoxes of Contingent Work," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 23(3), pages 239-261.
    17. Ruey-Jer ‘Bryan’ Jean & Rudolf R. Sinkovics & Stefan Zagelmeyer, 2018. "Antecedents and Innovation Performance Implications of MNC Political Ties in the Chinese Automotive Supply Chain," Management International Review, Springer, vol. 58(6), pages 995-1026, December.
    18. Joseph F. Hair & G. Tomas M. Hult & Christian M. Ringle & Marko Sarstedt & Kai Oliver Thiele, 2017. "Mirror, mirror on the wall: a comparative evaluation of composite-based structural equation modeling methods," Journal of the Academy of Marketing Science, Springer, vol. 45(5), pages 616-632, September.
    19. Sinkovics, Noemi & Liu, Chia-Ling (Eunice) & Sinkovics, Rudolf R. & Mudambi, Ram, 2021. "The dark side of trust in global value chains: Taiwan’s electronics and IT hardware industries," Journal of World Business, Elsevier, vol. 56(4).
    20. Rosca, Eugenia & Bendul, Julia C., 2019. "Value chain integration of base of the pyramid consumers: An empirical study of drivers and performance outcomes," International Business Review, Elsevier, vol. 28(1), pages 162-176.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:annpce:v:92:y:2021:i:4:p:705-729. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1370-4788 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.