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INNOVATIVE WAYS OF FINANCING SOCIAL ENTREPRENEURSHIP

Mihai Sebea ()
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Mihai Sebea: Romanian - American University

Romanian Economic Business Review, 2013, vol. 8, issue 4.1, 444-453

Abstract: Social entrepreneurship is not new, but it is getting momentum. Social innovation that could be delivered by social enterprises should be seen as a way to improve the welfare of communities and to foster sustainable growth. This is becoming more important with the financial and economic crisis dramatically affecting our world. Even if it is not new, the concept of social entrepreneurship is still searching for the proper definition and boundaries. Going deeper, if we look at the issue of financing opportunities for social enterprises we realise that there is a lack of literature regarding it. Some of the financing routes that are traditionally available to businesses are also available for social entrepreneurs, with extra challenges for the latest. What is interesting is that there are some advantages for social entrepreneurs, as they could use new ways of financing that might not be available for other businesses. This paper is addressing few innovative ways to finance social enterprises, taking account of new trends and developments that can shape social entrepreneurship.

Keywords: social enterprise; social entrepreneurship; financing entrepreneurship; social innovation (search for similar items in EconPapers)
Date: 2013
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