Explaining the Location of Mission- Driven Businesses.

  • Hickman L
  • Byrd J
  • Hickman K
  • 6

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Abstract

We investigate the factors that contribute to B-Corp certification rates across states. Firms seeking this certification demonstrate their commitment to mission-driven goals in addition to traditional economic objectives. By examining what factors are related to higher certification, we gain insight into the environments, both economic and cultural, that foster a broader definition of business success. Our empirical findings suggest that regions with higher educational attainment, which are politically progressive, have healthier populations, rank high in greenness, and are diverse, tend to have higher B-Corp adoptions. Surprisingly, higher per capital income is, on average, associated with lower rates of commitment. [ABSTRACT FROM AUTHOR], Copyright of Journal of Corporate Citizenship is the property of Greenleaf Publishing and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users m)

Author-supplied keywords

  • B-Corp
  • BENEFIT corporations (Business structure)
  • BUSINESS -- Environmental aspects
  • Benefits Corporation
  • CERTIFICATION
  • Mission-driven business
  • ORGANIZATIONAL goals
  • SOCIAL responsibility of business
  • SUSTAINABLE development
  • Stakeholders
  • Sustainable business

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Authors

  • Leila Hickman

  • John Byrd

  • Kent Hickman

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