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A type of for-profit corporation in the USA that builds into its constitution the commitment to create value for its shareholders while being accountable and transparent to meet a purpose that benefits society and the environment.

Cover of Frederick, O'Connor, Kuratko (2019), Entrepreneurship Theory Process Practice (Melbourne: Cengage) Glossary term from Asia-Pacific edition of Entrepreneurship Theory Process Practice (Melbourne: Cengage, 2019)

Synonyms:
benefit corporation (B-Corp)
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