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Social Entrepreneurship and Its Role in Sustainable Development: Regulation, Funding and Trust Building (Przedsiebiorczosc spoleczna i jej rola w zrownowazonym rozwoju – regulacja, finansowanie i budowa zaufania)

Author

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  • Inna Khovrak

    (Kremenchuk Mykhailo Ostrohradskyi National University (Ukraine), Faculty of Economics and Management.)

Abstract

This article focuses on the role of social entrepreneurship in achieving sustainable development in the context of regulation, funding and trust building. A system approach to the research was determined by the need to achieve the main objectives such as (1) to systematize theoretical approaches to the determination of the essence and characteristics of social entrepreneurship; (2) to discuss the EU experience in regulation and financing of social entrepreneurship; (3) to identify the directions of social change the generator of which is social entrepreneurship; (4) to prove the impact of trust on the development of social entrepreneurship. A critical analysis of legislative acts, scientific publications, reports and statistics in the field of social entrepreneurship allows proposing a “6S concept” for the analysis of the impact of social entrepreneurship through social challenges, social mission, social dialogue, social innovation, social changes, and sustainable development. Taking into account the variants of communicative interaction, the author argues that social entrepreneurship leads to changes in consciousness, public opinion, and behavior based on trust.

Suggested Citation

  • Inna Khovrak, 2018. "Social Entrepreneurship and Its Role in Sustainable Development: Regulation, Funding and Trust Building (Przedsiebiorczosc spoleczna i jej rola w zrownowazonym rozwoju – regulacja, finansowanie i budo," Research Reports, University of Warsaw, Faculty of Management, vol. 1(27), pages 22-33.
    • Handle: RePEc:sgm:resrep:v:1:i:27:y:2018:p:22-33
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    References listed on IDEAS

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    More about this item

    Keywords

    social entrepreneurship; sustainable development; social change; trust;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

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