Revisiting the “Gresham’s Law”: Examining the Mechanism of the Dual Identities of Social Enterprise on Social Governance

DOI

10.2991/assehr.k.210407.180How to use a DOI?

Keywords

Social Governance, Social Enterprise, Dual Identities, Gresham’s Law

Abstract

The profit-driven orientation of merchants and the information asymmetry among consumers inevitably lead to the market failure of “bad money drives out good”, which is well-known as “Gresham’s Law”. Based on information share theory and social enterprise theory, we put forward dual identities of social enterprise, which are “Good Product” Broker and “Bad Product” Supervisor. Through the in-depth analysis of the emerging case—the “Daddylab”, we analyse the information exchange mechanism among “suppliers, enterprises and consumers”, and verify the dual identities of social enterprises and the stage characteristics, and reveal the process mechanism of the “good money drives out bad” that is promoted by social enterprises.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Qing Miao
AU  - Yixing Zhao
PY  - 2021
DA  - 2021/04/08
TI  - Revisiting the “Gresham’s Law”: Examining the Mechanism of the Dual Identities of Social Enterprise on Social Governance
BT  - Proceedings of the 2021 6th International Conference on Social Sciences and Economic Development (ICSSED 2021)
PB  - Atlantis Press
SP  - 960
EP  - 963
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210407.180
DO  - 10.2991/assehr.k.210407.180
ID  - Miao2021
ER  -