IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v14y2021i18p5785-d635033.html
   My bibliography  Save this article

Impact Investing in Digital Business Models

Author

Listed:
  • Adam Jabłoński

    (Institute of Management and Quality, WSB University in Poznan, Powstańców Wielkopolskich 5, 61–895 Poznan, Poland)

  • Marek Jabłoński

    (Institute of Management and Quality, WSB University in Poznan, Powstańców Wielkopolskich 5, 61–895 Poznan, Poland)

Abstract

In recent years, the role of digital enterprises in the global economy has been growing. The issue of assessing their impact on social aspects is noticeable. The aim of the article is to show social impact as a key factor in the development of digital business models. The Analytic Hierarchy Process (AHP) method used and the criteria for social impact assessments based on heuristic methods allowed for the components of business models that relate to social impact to be ranked, and subsequently for socially oriented enterprises functioning in the digital economy to be ranked. The companies selected for the research are understood by the authors as digital business models, the concept of which is embedded in a pro-social management intention. Purposive sampling, which in this situation was considered to be the most effective in terms of the objective of the paper, was applied. The literature review, analyses and heuristic research have demonstrated that the social factor in modern applications is a driver of value creation and is conducive to social profit. The ranking of the criteria responsible for shaping the social impact of digital business models showed that the most important ones are value proposition (pro-social), social profit and economic profit. This means a strong relationship between social and economic aspects.

Suggested Citation

  • Adam Jabłoński & Marek Jabłoński, 2021. "Impact Investing in Digital Business Models," Energies, MDPI, vol. 14(18), pages 1-23, September.
  • Handle: RePEc:gam:jeners:v:14:y:2021:i:18:p:5785-:d:635033
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/14/18/5785/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/1996-1073/14/18/5785/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Fatemeh Zahedi, 1986. "The Analytic Hierarchy Process---A Survey of the Method and its Applications," Interfaces, INFORMS, vol. 16(4), pages 96-108, August.
    2. Mersland, Roy & Nyarko, Samuel Anokye & Sirisena, Amila Buddhika, 2020. "A hybrid approach to international market selection: The case of impact investing organizations," International Business Review, Elsevier, vol. 29(1).
    3. Alijani, Sharam & Karyotis, Catherine, 2019. "Coping with impact investing antagonistic objectives: A multistakeholder approach," Research in International Business and Finance, Elsevier, vol. 47(C), pages 10-17.
    4. Steven Kane Curtis & Matthias Lehner, 2019. "Defining the Sharing Economy for Sustainability," Sustainability, MDPI, vol. 11(3), pages 1-25, January.
    5. Ernest H. Forman & Saul I. Gass, 2001. "The Analytic Hierarchy Process---An Exposition," Operations Research, INFORMS, vol. 49(4), pages 469-486, August.
    6. Ross Millar & Kelly Hall, 2013. "Social Return on Investment (SROI) and Performance Measurement," Public Management Review, Taylor & Francis Journals, vol. 15(6), pages 923-941, September.
    7. Dufour, Bryan, 2019. "Social impact measurement: What can impact investment practices and the policy evaluation paradigm learn from each other?," Research in International Business and Finance, Elsevier, vol. 47(C), pages 18-30.
    8. Thomas L. Saaty, 1994. "How to Make a Decision: The Analytic Hierarchy Process," Interfaces, INFORMS, vol. 24(6), pages 19-43, December.
    9. R. Edward Freeman & Andrew C. Wicks & Bidhan Parmar, 2004. "Stakeholder Theory and “The Corporate Objective Revisited”," Organization Science, INFORMS, vol. 15(3), pages 364-369, June.
    10. Di Vaio, Assunta & Palladino, Rosa & Hassan, Rohail & Escobar, Octavio, 2020. "Artificial intelligence and business models in the sustainable development goals perspective: A systematic literature review," Journal of Business Research, Elsevier, vol. 121(C), pages 283-314.
    11. Bernd W. Wirtz, 2019. "Digital Business Models," Progress in IS, Springer, number 978-3-030-13005-3, February.
    Full references (including those not matched with items on IDEAS)

    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. Syrus M. Islam, 2022. "Impact investing in social sector organisations: a systematic review and research agenda," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(1), pages 709-737, March.
    2. Ergu, Daji & Kou, Gang & Peng, Yi & Shi, Yong, 2011. "A simple method to improve the consistency ratio of the pair-wise comparison matrix in ANP," European Journal of Operational Research, Elsevier, vol. 213(1), pages 246-259, August.
    3. Thomas L. Saaty, 2013. "The Modern Science of Multicriteria Decision Making and Its Practical Applications: The AHP/ANP Approach," Operations Research, INFORMS, vol. 61(5), pages 1101-1118, October.
    4. Ormerod, Richard J. & Ulrich, Werner, 2013. "Operational research and ethics: A literature review," European Journal of Operational Research, Elsevier, vol. 228(2), pages 291-307.
    5. Hartvigsen, David, 2005. "Representing the strengths and directions of pairwise comparisons," European Journal of Operational Research, Elsevier, vol. 163(2), pages 357-369, June.
    6. Balta, Münevver Özge & Yenil, Havva Ülgen, 2019. "Multi criteria decision making methods for urban greenway: The case of Aksaray, Turkey," Land Use Policy, Elsevier, vol. 89(C).
    7. James G. Dolan & Emily Boohaker & Jeroan Allison & Thomas F. Imperiale, 2013. "Patients’ Preferences and Priorities Regarding Colorectal Cancer Screening," Medical Decision Making, , vol. 33(1), pages 59-70, January.
    8. Song-Kyoo Kim, 2014. "Explicit Design of Innovation Performance Metrics by Using Analytic Hierarchy Process Expansion," International Journal of Mathematics and Mathematical Sciences, Hindawi, vol. 2014, pages 1-7, May.
    9. SHI, Jia & LEE, Ching-Hung & GUO, Xuesong & ZHU, Zhengwei, 2020. "Constructing an integrated stakeholder-based participatory policy evaluation model for urban traffic restriction," Technological Forecasting and Social Change, Elsevier, vol. 151(C).
    10. Oliveira, Inês A.S.J. & Carayannis, Elias G. & Ferreira, Fernando A.F. & Jalali, Marjan S. & Carlucci, Daniela & Ferreira, João J.M., 2018. "Constructing home safety indices for strategic planning in residential real estate: A socio-technical approach," Technological Forecasting and Social Change, Elsevier, vol. 131(C), pages 67-77.
    11. A Ishizaka & D Balkenborg & T Kaplan, 2011. "Influence of aggregation and measurement scale on ranking a compromise alternative in AHP," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 62(4), pages 700-710, April.
    12. A Ishizaka & D Balkenborg & T Kaplan, 2011. "Does AHP help us make a choice? An experimental evaluation," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 62(10), pages 1801-1812, October.
    13. Debaleena Chatterjee & Protik Basu, 2023. "Classification Analysis for Brand Loyalty Determination," Global Business Review, International Management Institute, vol. 24(1), pages 106-120, February.
    14. James Dolan, 2010. "Multi-Criteria Clinical Decision Support," The Patient: Patient-Centered Outcomes Research, Springer;International Academy of Health Preference Research, vol. 3(4), pages 229-248, December.
    15. James G. Dolan & Emily Boohaker & Jeroan Allison & Thomas F. Imperiale, 2014. "Can Streamlined Multicriteria Decision Analysis Be Used to Implement Shared Decision Making for Colorectal Cancer Screening?," Medical Decision Making, , vol. 34(6), pages 746-755, August.
    16. Bana e Costa, Carlos A. & Vansnick, Jean-Claude, 2008. "A critical analysis of the eigenvalue method used to derive priorities in AHP," European Journal of Operational Research, Elsevier, vol. 187(3), pages 1422-1428, June.
    17. Christos Karolemeas & Stefanos Tsigdinos & Panagiotis G. Tzouras & Alexandros Nikitas & Efthimios Bakogiannis, 2021. "Determining Electric Vehicle Charging Station Location Suitability: A Qualitative Study of Greek Stakeholders Employing Thematic Analysis and Analytical Hierarchy Process," Sustainability, MDPI, vol. 13(4), pages 1-21, February.
    18. Prin Boonkanit & Kridchai Suthiluck, 2023. "Developing a Decision-Making Support System for a Smart Construction and Demolition Waste Transition to a Circular Economy," Sustainability, MDPI, vol. 15(12), pages 1-27, June.
    19. Sadeghi, Mehdi & Ameli, Ahmad, 2012. "An AHP decision making model for optimal allocation of energy subsidy among socio-economic subsectors in Iran," Energy Policy, Elsevier, vol. 45(C), pages 24-32.
    20. Efthimios Bakogiannis & Thanos Vlastos & Konstantinos Athanasopoulos & Avgi Vassi & Georgia Christodoulopoulou & Christos Karolemeas & Stefanos Tsigdinos & Charalampos Kyriakidis & Maria-Stella Noutso, 2020. "Exploring Motivators and Deterrents of Cycling Tourism Using Qualitative Social Research Methods and Participative Analytical Hierarchy Process (AHP)," Sustainability, MDPI, vol. 12(6), pages 1-15, March.

    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:gam:jeners:v:14:y:2021:i:18:p:5785-:d:635033. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.