National Interests: Priorities and Security
 

An impact of social entrepreneurship on the financial security of the nation and economic growth

Vol. 13, Iss. 10, OCTOBER 2017

Received: 1 June 2017

Received in revised form: 14 August 2017

Accepted: 8 September 2017

Available online: 27 October 2017

Subject Heading: ECONOMIC SECURITY

JEL Classification: J28, J40, I30, L31

Pages: 1856–1869

https://doi.org/10.24891/ni.13.10.1856

Davydova L.V. Orel State University named after I.S. Turgenev, Orel, Russian Federation 1946@orel.ru

Fedorova O.A. Orel State University named after I.S. Turgenev, Orel, Russian Federation foaorel@mail.ru

Skorlupina Yu.O. Orel State University named after I.S. Turgenev, Orel, Russian Federation yu_nauka@mail.ru

Importance The development and financial resources of socially-oriented businesses is a cornerstone for stabilizing the national economy and addressing relevant issues. Social business and its development aim to resolve multiple issues and create a socially-oriented State. Activities of socially-oriented entities ensure social security of the population, raise the financial literacy of people and businesses and develop the entrepreneurship nationwide. Social business becomes even more important under contemporary circumstances in the national economy, with the maintenance of employment and social stability being especially acute.
Objectives The research examines the role and purpose of social business in ensuring the national security and the way it can influence an economic growth in the unstable economy of Russia.
Methods Based on statistical and graphic methods, I explore the state and trends in social business in Russia in line with an analysis of its development in certain federal districts.
Results As the main outcome, I devise an improved mechanism for financing socially-oriented entities. Financial sources proceed from the banking sector and regional agencies for labor and employment.
Conclusions and Relevance Having analyzed the development trends of social business and its impact on the national security and economic growth, I substantiate the need to transform the financial mechanism for activities of social businesses.

Keywords: social entrepreneurship, security, growth

References:

  1. Mukhin A.V. [Evolution of the concept social entrepreneurship. Main functions of social enterprise]. Novye tekhnologii = New Technologies, 2011, no. 2, pp. 103–106. (In Russ.)
  2. Zakharchenko O.A. [From charity to social entrepreneurship]. Vestnik Irkutskogo gosudarstvennogo tekhnicheskogo universiteta = Proceedings of Irkutsk State Technical University, 2012, no. 3, рр. 296–299. (In Russ.)
  3. Gelilkh O.Ya. [Business as a social phenomenon]. Izvestiya Rossiiskogo gosudarstvennogo pedagogicheskogo universiteta im. A.I. Gertsena = Izvestia: Herzen University Journal of Humanities & Science, 2003, vol. 3, no. 5, рр. 217–230. (In Russ.)
  4. Arai Yu.N., Burmistrova T.A. [Specifics of business models in social entrepreneurship]. Rossiiskii zhurnal menedzhmenta = Russian Management Journal, 2014, vol. 12, no. 4, рр. 55–78. (In Russ.)
  5. Rahdari A., Sepasi S., Moradi M. Achieving Sustainability Through Schumpeterian Social Entrepreneurship: The Role of Social Enterprises. Journal of Cleaner Production, 2016, vol. 137, pp. 347–360. URL: https://doi.org/10.1016/j.jclepro.2016.06.159
  6. Sekliuckiene J., Kisielius E. Development of Social Entrepreneurship Initiatives: A Theoretical Framework. Procedia – Social and Behavioral Sciences, 2015, vol. 213, pp. 1015–1019. URL: https://doi.org/10.1016/j.sbspro.2015.11.519
  7. Buyanova A.V. [Enforcement of alimony and matters of its improvement]. Probely v rossiiskom zakonodatel'stve = Gaps in Russian Legislation, 2015, no. 4, рр. 91–94. (In Russ.)
  8. Mineev O.A. [Revisiting the social entrepreneurship]. Yurist = Jurist, 2016, no. 6, рр. 20–22. (In Russ.)
  9. Grishin A.I., Mel'nikov M.S., Stroganov I.A. [Social entrepreneurship and social projects within the sustainable development concept]. Vestnik Akademii = Academy's Herald, 2015, no. 1, рр. 9–15. (In Russ.)
  10. Vetrova E.A. [Social business as a factor of socioeconomic development of the society]. Vestnik Tambovskogo universiteta. Seriya Gumanitarnye nauki = Tambov University Reports. Series Humanities, 2015, no. 1, рр. 20–24. (In Russ.)
  11. Barkov A.V. [Social entrepreneurship while forming of the legal market model of social services]. Predprinimatel'skoe pravo = Entrepreneurial Law, 2012, no. 2, рр. 28–32. (In Russ.)
  12. Vetrova E.A., Akimov I.V. [Social entrepreneurship in the Russian Federation: Development issues and solutions]. Materialy Afanas'evskikh chtenii = Materials of the Afanas'ev Readings, 2016, no. 1, рр. 145–152. (In Russ.)
  13. Kalugina D.A., Klimova G.G. [Government support for business and social entrepreneurship as a method of solving the issue of social inequality]. Voprosy politologii i sotsiologii = Issues of Political Science and Sociology, 2013, no. 2, рр. 27–36. (In Russ.)

View all articles of issue

 

ISSN 2311-875X (Online)
ISSN 2073-2872 (Print)

Journal current issue

Vol. 13, Iss. 10
October 2017

Archive