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Social Entrepreneurship In Times Of Economic Austerity: A Sparkle Of Light For The Economies In Crisis?


  • Evangelia ZIKOU

    () (University of Western Macedonia, Greece)

  • Paraskevi GATZIOUFA

    () (University of Western Macedonia, Greece)

  • Aikaterini SARRI

    () (University of Western Macedonia, Greece)


Even though Social entrepreneurship as a concept dates back to the second half of the 18 , it is still poorly defined. It has been defined via the use of terms such as social enterprise, social innovation, nonprofit ventures and social responsibility. Its boundaries to the other fields are unclear and its practice is in low level. However, social entrepreneurship is an emerging area of entrepreneurship, and literature on this field, has grown the last two decades. It attracts attention mainly to its high importance for the economies in terms of social and economic value creation. This paper studies social entrepreneurship and its role in economies of austerity, with emphasis placed on European countries and it provides a mapping of the situation. “When we will stop thinking the poor people as victims and instead recognize them as creative and future entrepreneurs the sparkle of light will be the sun”.

Suggested Citation

  • Evangelia ZIKOU & Paraskevi GATZIOUFA & Aikaterini SARRI, 2012. "Social Entrepreneurship In Times Of Economic Austerity: A Sparkle Of Light For The Economies In Crisis?," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 11(1), pages 53-65.
  • Handle: RePEc:pts:journl:y:2012:i:1:p:53-65

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    References listed on IDEAS

    1. Minniti, Maria & Lévesque, Moren, 2008. "Recent developments in the economics of entrepreneurship," Journal of Business Venturing, Elsevier, vol. 23(6), pages 603-612, November.
    2. Casson, Mark, 2005. "Entrepreneurship and the theory of the firm," Journal of Economic Behavior & Organization, Elsevier, vol. 58(2), pages 327-348, October.
    3. David Audretsch & Max Keilbach, 2004. "Entrepreneurship and regional growth: an evolutionary interpretation," Journal of Evolutionary Economics, Springer, vol. 14(5), pages 605-616, December.
    4. Bates, Timothy, 1990. "Entrepreneur Human Capital Inputs and Small Business Longevity," The Review of Economics and Statistics, MIT Press, vol. 72(4), pages 551-559, November.
    5. Mair, Johanna & Martí, Ignasi, 2006. "Social entrepreneurship research: A source of explanation, prediction, and delight," Journal of World Business, Elsevier, vol. 41(1), pages 36-44, February.
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    Cited by:

    1. Claire Economidou, 2017. "Philanthropic Entrepreneurship: Private Donations and Knowledge Support in Greece," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 67(4), pages 100-122, October-D.

    More about this item


    social entrepreneurship; social cohesion; economy; European countries; Greece.;

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • Z00 - Other Special Topics - - General - - - General


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