Social capital is defined as the shared knowledge, trust, and culture, embodied in the structural forms of networks and other stable inter-agent relationships. Social capital has been shown to be more difficult to build than economic capital, and to have greater beneficial effects for community...

Agafonow's article locates the role of social enterprises in devolving value through output maximizing behavior. This short paper embeds Agafonow's argument in the societal and institutional context by building upon Luhmann's social systems theory. According to Luhmann, the functional system of...

Building on the transaction cost theory of the for-profit firm, the article argues that the transaction cost-economizing role of the nonprofit firm has two distinct dimensions. One of them consists of reducing the cost of searching for, processing, and communicating information and the other...

Stakeholder theorists have traditionally objected to the neoclassical conception of the firm as a vehicle for maximizing profit or shareholder wealth, thus opening up space for controversial engagement with neoclassical economics. The present paper fills some of this space by elaborating the...

Green public procurement (GPP) is a widely recognized public policy tool that has attracted considerable scholarly research. However, much of this research has paid little attention to the nature of discretionary decision-making on the part of bureaucrats and local politicians; nor has it...

Chester Barnard’s work can be shown to contain subversive elements which accord with the spirit of institutionalist scholarship. Barnard saw corporations as systems of power whose sustainability must be backed by moral resources which are becoming increasingly scarce today. This vision...

This short communication describes the current experience of implementing village funds in Indonesia, with an emphasis on the impact on poverty reduction. The authors' field observation is complemented by structured interviews and regression analysis. Our findings suggest that the potential of...

Stakeholder theorists have traditionally objected to the neoclassical conception of the firm as a vehicle for maximizing profit or shareholder wealth, thus opening up space for controversial engagement with neoclassical economics. The present paper fills some of this space by elaborating the...