This study empirically examines the relationships among business model (BM) types, social impact efficiency, impact composition, and valuation methodologies within social ventures. Drawing on monetized performance data from 122 Korean social ventures,...
This study empirically examines the relationships among business model (BM) types, social impact efficiency, impact composition, and valuation methodologies within social ventures. Drawing on monetized performance data from 122 Korean social ventures, we explore the alignment patterns between hybrid organizational modes and social value creation. The findings reveal that BM types do not yield statistically significant differences in overall impact efficiency, suggesting that the scale of impact is driven more by the integrative density between social mission and business operations than by the outward BM form. In contrast, the composition of social impact varies systematically across BM types, as social ventures tend to concentrate on specific impact domains aligned with their underlying operational mechanisms. Furthermore, the selection of impact valuation methodologies differs by BM type, reflecting variations in how social performance is conceptualized and measured.
Collectively, these results indicate that business models are not mere determinants of impact scale per se; they serve as structural frameworks that shape how social impact is structured, interpreted, and validated. By shifting the focus from simple efficiency metrics to the patterned interplay among BMs, impact composition, and valuation methodologies, this study provides a robust empirical foundation for a contingency-based perspective on social venture performance.