Social enterprise for sustainable development: Green Industry approach Online publication date: Fri, 18-Aug-2017
by Pradit Withisuphakorn
International Journal of Business and Globalisation (IJBG), Vol. 19, No. 2, 2017
Abstract: Social enterprise is the secular trend for future socio-economic sustainable development. All firms have to consider not only equity value optimisation but also the other stakeholders. Withisuphakorn (2016) has found that higher CSR ratings or CSR implementation associate with higher revenues in the future. The appropriate CSR strategies will lead firm to be more profitable and sustainable in the long run. Therefore, government must seriously set the environment to encourage social enterprise which will simultaneously create mutual benefit to shareholders and all other stakeholders. This research will focus on the literature review on appropriate corporate structure and purposes and develop conceptual model for social enterprise to generate socio-economic sustainable development. Ultimately, we have proposed Green Industry conceptual model. This momentum of Green Industry promotion in Thailand is expanding and will lead to growing future social enterprises and reach long term sustainable of socio-economic and political economy sustainability globally.
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