The Impact of Conditional Cash Transfers to Social Enterprises: Experimental Evidence from South Korea

Last registered on August 10, 2023

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Pre-Trial

Trial Information

General Information

Title

The Impact of Conditional Cash Transfers to Social Enterprises: Experimental Evidence from South Korea

RCT ID

AEARCTR-0011859

Initial registration date

July 31, 2023

Initial registration date is when the trial was registered.

It corresponds to when the registration was submitted to the Registry to be reviewed for publication.

First published

August 10, 2023, 12:50 PM EDT

First published corresponds to when the trial was first made public on the Registry after being reviewed.

Last updated

August 10, 2023, 9:59 PM EDT

Last updated is the most recent time when changes to the trial's registration were published.

Locations

Country

Korea (Republic of)

Region

Primary Investigator

Name

Booyuel Kim

Affiliation

Seoul National University

Contact Primary Investigator

Other Primary Investigator(s)

PI Name

Syngjoo Choi

PI Affiliation

Seoul National University

Contact Investigator

PI Name

Sun Hyun Park

PI Affiliation

Seoul National University

Contact Investigator

Additional Trial Information

Status

On going

Start date

2020-07-01

End date

2028-12-31

Keywords

Firms & Productivity, Other

Additional Keywords

Social Enterprise, Social Value, Social Performance, CCT, RCT

JEL code(s)

C93, H23, M14, O35

Secondary IDs

Prior work

This trial does not extend or rely on any prior RCTs.

Abstract

There are concerns regarding the sustainability of social enterprises that aim to achieve both financial and social objectives. This is due to the additional cost required to tackle social problems. The Social Progress Credit (SPC) program is an initiative designed to support social enterprises by providing cash incentives proportionate to their social performance. Given that the pursuit of social performance may come at the expense of financial performance, we conduct a nine-year RCT (2020-2028) to investigate the impact of the SPC program both on the financial and social performances of social enterprises. Our preliminary results suggest that social performance-based incentives can improve social performance without compromising the financial sustainability of social enterprises.

External Link(s)

Registration Citation

Citation

Choi, Syngjoo, Booyuel Kim and Sun Hyun Park. 2023. "The Impact of Conditional Cash Transfers to Social Enterprises: Experimental Evidence from South Korea." AEA RCT Registry. August 10. https://doi.org/10.1257/rct.11859-1.1

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Experimental Details

Interventions

Intervention(s)

The SPC project measures the social values created by the SPC participating enterprises and provides conditional cash incentive proportional to its social performance to the randomly assigned treatment group.

Intervention Start Date

2021-01-01

Intervention End Date

2028-12-31

Primary Outcomes

Primary Outcomes (end points)

Social and financial performances of the participating enterprises.

Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)

Secondary Outcomes (explanation)

Experimental Design

We recruit the SPC participating enterprises for five year (2020-2024) and randomly assign them into the treatment and control groups. The treatment group will receive the conditional cash incentive proportional to their social performances for three years. Please, see the attached analysis plan for the details.

Experimental Design Details

Not available

Randomization Method

Randomization done in the SPC project office by a computer.

Randomization Unit

firm-level randomization

Was the treatment clustered?