scholarly journals Characterisation of Impact Funds and Their Potential in the Context of the 2030 Agenda

2021 ◽  
Vol 13 (11) ◽  
pp. 6476
Author(s):  
Juan C. Santamarta ◽  
Mª Dolores Storch de Gracia ◽  
Mª Ángeles Huerta Carrascosa ◽  
Margarita Martínez-Núñez ◽  
Celia de las Heras García ◽  
...  
Keyword(s):  
Social Entrepreneurship ◽  
Positive Impact ◽  
Supply And Demand ◽  
Social Enterprises ◽  
Special Importance ◽  
The European Union ◽  
Critical Aspect ◽  
Investment Funds ◽  
The Social ◽  
The Impact

The European Union has incorporated impact investment through two action plans: the Social Entrepreneurship Initiative and the Investment Plan for Europe. These financing tools seek to fund economic growth and promote job creation. Among the different measures carried out, the regulatory framework for impact investment funds stands out, under which the denomination, European Social Entrepreneurship Fund, is established to designate investment funds focused on social enterprises with the objective of generating a positive impact. It is possible to affirm that the creation of a solid impact intermediation infrastructure, by connecting both sides of supply and demand, is a critical aspect for the development and effective functioning of the impact market. Special importance is given to impact funds capable of attracting private capital. In order to categorise the different impact funds according to the most relevant aspects, a proposal form for the characterisation of impact funds has been drawn up and has been applied to a particular case. The presentation of Creas will allow for contextualising the practices that impact funds carry out and facilitate the general understanding of the article through a specific example that is considered successful in Spain.

scholarly journals APPROACH TO SOCIAL ENTREPRENEURSHIP IN SLOVENIA

2017 ◽  
Vol 5 ◽  
pp. 62-66
Author(s):  
Barbara Bradač Hojnik
Keyword(s):  
European Union ◽  
Social Entrepreneurship ◽  
Social Enterprise ◽  
Social Enterprises ◽  
The European Union ◽  
Member States ◽  
The Social ◽  
Further Development ◽  
Formal Status ◽  
Financial Environment

In this paper, social entrepreneurship as a developing type of entrepreneurship is analyzed. On the level of the European Union (EU), social entrepreneurship is widely supported by different initiatives which aim to develop a suitable legal, administrative, and financial environment for social enterprises, but also allowing member states to regulate them individually. This paper focuses on the social entrepreneurship in Slovenia, where it is strictly shaped by the legislation. Consequently, social enterprises need to meet the legislation’s requirements which hinder their quantity and development. Additionally, the scope of social enterprises is narrowed to those companies that received the formal status of social enterprise. In the paper provided will be the data on social enterprises in Slovenia with some recommendation for further development of the framework for social entrepreneurship in the country.

scholarly journals Waqf institutions as a framework for social enterprises in Islam

2021 ◽  
Vol 04 (07) ◽  
Author(s):  
Murtadho Ridwan ◽  
Keyword(s):  
Social Entrepreneurship ◽  
Social Enterprises ◽  
Financial Capital ◽  
Social Programs ◽  
Analysis Method ◽  
Social Entrepreneurs ◽  
Content Analysis Method ◽  
The Social ◽  
Entrepreneurial Capital ◽  
The Impact

This study aims to interconnect the concept of waqf and social entrepreneurship. Interconnection is viewed from social entrepreneurial capital, social entrepreneurial profit and social entrepreneurship model. The data were obtained from the results of previous studies and were analyzed using the content analysis method. The results of the study show that the waqf institution obtains financial capital of people’s funds. Financial capital will increase the impact of public trust as the social capital for waqf institutions. Waqf institutions as Nazhirs are human capital that are required to improve their skills and abilities, especially in business sector. The waqf institutions income from social entrepreneurs are distributed for operational costs, social programs and reinvestment of waqf assets. There was a transformation of waqf institution into a social company as a result of the social enterprises that were carried out.

scholarly journals SOCIAL ENTREPRENEURSHIP AS A DETERMINANT FOR THE LOCAL COMMUNITY DEVELOPMENT: EXPERIENCE OF POLISH AND UKRAINIAN REGIONS

2019 ◽  
pp. 132-138
Author(s):  
Anna Waligora ◽  
Alona Revko
Keyword(s):  
Community Development ◽  
Social Entrepreneurship ◽  
Local Community ◽  
Comparative Method ◽  
Well Being ◽  
Social Enterprises ◽  
Main Task ◽  
The European Union ◽  
The Social ◽  
Wide Range

Urgency of the research. Social entrepreneurship covers a wide range of tasks from area of social policy that should ensure the normal living conditions of the local community. From this point of view, the main task of social entrepreneurship is to improve the well-being of local community and meet its needs by the implementation of social infrastructure services. Target setting. In the paper the hypothesis is formulated that Ukraine has worse conditions for the formation and development of social entrepreneurship than Poland. The study is proved that development of social entrepreneurship in Poland in the light of EU regional policy consists in the support of social enterprises by the state in accordance with the National Program for Social Economy Development, the European Union. Actual scientific researches and issues analysis. Some aspects of social entrepreneurship and community development are covered by the studies of such scientists as J. Defourny, J. Hausner, Jan-U. Sandal, A. Nicholls, G. Keohane, J. Kerlin, O. Pankiv and others. Uninvestigated parts of general matters defining. It should be admitted that there is a problem of state support for social enterprises at the appropriate level in Ukraine. This only deepens the differences between the social enterprises in Ukraine and Poland. It is worth noting that as a consequence of this, social entrepreneurship of Ukraine is more business-oriented than in Poland. The research objective. The study on the social entrepreneurship and its impact on the local community development undertaken at national and regional levels, i.e. on statistical material concerning 22 regions of Ukraine and 16 voivodships of Poland. The study used a comparative method of developing social entrepreneurship in Poland and Ukraine. In addition, the study carried out in the paper was enriched with drawings made on the basis of graphic and cartographic data presentation methods. The statement of basic materials. As part of the research, the concept of social entrepreneurship (prosocial business) was defined, the features of the social entrepreneurship in Poland and Ukraine were analysed, and the ways of the social entrepreneurship development in Ukraine were presented. Conclusions. Based on the results obtained, recommendations were presented to strengthen and develop social entrepreneurship in Ukraine.

Antecedents of customers’ intention to support Islamic social enterprises in Indonesia

2014 ◽  
Vol 26 (5) ◽  
pp. 707-737 ◽  
Author(s):  
Sri Rahayu Hijrah Hati ◽  
Aida Idris
Keyword(s):  
Social Entrepreneurship ◽  
Structural Equation ◽  
Design Methodology ◽  
Social Enterprises ◽  
Extrinsic Factors ◽  
Content Type ◽  
Equation Modelling ◽  
The Social ◽  
The Impact ◽  
Practical Implications

Purpose – The purpose of this paper is to examine the influence of extrinsic factors, namely, age, education, gender, marital status and income on customers’ intention to support Islamic social enterprises via donation. The paper also assesses the influence of religiosity on support intention (SI). The impact of customers’ perceptual reaction to the credibility of social enterprises’ advertising is also measured to assess its influence on SI. Design/methodology/approach – A total of 214 completed questionnaires from online and offline surveys were analysed using several statistical analyses, including structural equation modelling, to assess the effects of the independent variables on SI. Findings – The study found that customers’ socioeconomic status and religiosity have no significant influence on their intention to channel their donations via Islamic social enterprises. It is the social enterprises’ advertising which significantly influences their SI. Research limitations/implications – The study focuses on an Islamic research context of social entrepreneurship. Thus, the results cannot be generalised directly to the non-Islamic social entrepreneurship context. Practical implications – Findings of the study suggest that organisations should develop effective communication strategies through advertising to highlight organisational credibility as it plays an important role in shaping customers’ attitudes and intentions. Originality/value – The study investigates the effects of marketing on customers’ SI. It also considers credibility, advertising, and the concept of branding in a context of social entrepreneurship, a concept that is still largely unexplored in the literature.

scholarly journals INNOVATIVE ACCESS IN THE DEVELOPMENT OF SOCIAL ENTERPRISES IN THE REPUBLIC OF MACEDONIA

2019 ◽  
Vol 29 (1) ◽  
pp. 15-20
Author(s):  
Marija Magdicheva-Shopova
Keyword(s):  
Working Conditions ◽  
Social Entrepreneurship ◽  
Social Enterprises ◽  
Social Value ◽  
Republic Of Macedonia ◽  
The Social ◽  
Innovative Management ◽  
The Creation ◽  
The Republic ◽  
The Impact

Social Entrepreneurship is an organized activity aimed at seizing the various opportunities, forms, enterprises and measures in order to create sustainable social values and benefits and employment of persons belonging to marginalized groups of persons, whereby profit is primarily used for employment of socially excluded or vulnerable social groups, as well as to create solutions for the needs and problems in the social community. Modern working conditions force companies to adopt innovative approaches to work in order to make the best use of opportunities. In today's working conditions, and enterprises that perform a certain type of social activity, they face the challenge of continuous monitoring of changes in the operations and successful application of innovations as a prerequisite for growth and development.For the development of social enterprises and social entrepreneurship it is necessary to use the opportunities in the environment and to change certain segments in the organizational systems, to introduce and apply new approaches to sustainable solutions that create a higher social value. The social and professional integration of marginalized workers and other vulnerable groups is one of the possible ways to create a higher social value. The social enterprise, as a legal entity that acts in a particular social economy, is usually not oriented only towards the creation of profits, but it is oriented towards the creation of a social impact by implementing innovative methods for providing goods and services on the market. Differences in the direction of social enterprises and other business enterprises cause differences in the application of innovative management.The aim of this paper is to understand the significance and impact of modern-innovative management for the development of social entrepreneurship and social enterprises in the Republic of Macedonia, as well as emphasizing the need for applying an appropriate methodological approach in creating the necessary management decisions. The subject of research in this paper is focused on perceiving the different business models of social enterprises and the impact of innovative management approach in the development of social enterprises in the Republic of Macedonia.

The Goldilocks Challenge

2018 ◽  
Author(s):  
Mary Kay Gugerty ◽  
Dean Karlan
Keyword(s):  
Positive Impact ◽  
Program Improvement ◽  
Social Enterprises ◽  
Data Systems ◽  
Bottom Line ◽  
The Social ◽  
Making A Difference ◽  
The Right ◽  
Evidence Of Impact ◽  
The Impact

Nonprofits, governments, and social enterprises face increasing pressure to prove that their programs are making a positive impact on the world. This focus on impact is positive: learning whether we are making a difference enhances our ability to effectively address pressing social problems, and is critical for wise stewardship of resources. However, measuring the impact of a program is not always possible, nor is impact evaluation always the right choice for every organization or program. Accurately assessing impact requires information about what would have happened had the program not occurred, and it can be difficult and costly (or even impossible) to gather that information. Yet actors in the social sector face stiff competition for funding, and competition often demands evidence of impact. Faced with this pressure, organizations often attempt to measure impact even when the accuracy is questionable or worse. The result? A lot of misleading data and rhetoric about what works. Moreover, in this pursuit, many organizations collect huge amounts of data that cannot be or are not put to good use for learning and program improvement. Bottom line: Impact is great to measure when you can. But not everyone can and should measure impact. What, then, should organizations do? The Goldilocks Challenge presents four key principles to help guide organizations of all sizes and types in building strong, “right-fit” data collection systems. Those principles—Credible, Actionable, Responsible, and Transportable, or “CART”—describe how organizations can build data systems that support learning and improvement and measure impact when the time is right.

The role of leader vs organisational credibility in Islamic social enterprise marketing communication

2019 ◽  
Vol 10 (4) ◽  
pp. 1128-1150
Author(s):  
Sri Rahayu Hijrah Hati ◽  
Aida Idris
Keyword(s):  
Social Entrepreneurship ◽  
Social Enterprise ◽  
Social Enterprises ◽  
Social Entrepreneur ◽  
Content Type ◽  
Customer Support ◽  
The Social ◽  
The Impact ◽  
Practical Implications

Purpose The purpose of this study is to examine the role of leader and organisational credibility in influencing customers’ intention to support Islamic social enterprises. Design/methodology/approach The credibility of the leader and that of the social enterprise are exposed through advertising. Ads portraying the six largest Islamic social enterprises in Indonesia and their social entrepreneur leaders were shown to 221 existing customers via online and offline surveys. Findings The findings indicate that organisational credibility and organisational branding have much greater influence than leaders’ personal credibility on customers’ intention to support Islamic social enterprises. Research limitations/implications The study has highlighted the greater role of organisational credibility and branding over advertising in attracting support for Islamic social entrepreneurship. Practical implications Islamic social enterprises need to develop a trusted brand and establish a more effective way to communicate with their stakeholders besides advertising, as the impact of ads on customer support intention is not significant. Originality/value The study contributes to the field of marketing and social entrepreneurship by providing empirical results on the Islamic social entrepreneurship phenomenon.

Havells India Ltd: QRG foundation on the cross road

2018 ◽  
Vol 8 (4) ◽  
pp. 1-14
Author(s):  
Archana Shrivastava ◽  
Nagendra Nath Sharma ◽  
Nitika Sharma
Keyword(s):  
Positive Impact ◽  
Social Enterprises ◽  
Social Reforms ◽  
Content Type ◽  
Leadership Challenges ◽  
Sustainable Solutions ◽  
Academic Level ◽  
The Social ◽  
Cooked Food ◽  
The Impact

Learning outcomes The case will help students to understand the challenges faced by the organisations with respect to implementing social reforms; develop an understanding in creating sustainable solutions to the social problems; identify leadership challenges faced by such enterprises; and understand grassroots challenges of establishing such enterprises in India. Case overview The case deals with the dilemma and challenges of Col. Nirban Singh, in-charge of Midday meal of QRG Foundation at Alwar. The foundation was based on the vision of creating a positive impact in communities through social service. They follow a socially positive agenda and work consistently to contribute to the betterment of the society and its future. Their initiatives revolve around their concerns for the nutrition, health and education of children. It was decided that out of the three programmes on environment, sanitation and the mid-day meal (MDM) for school going children, the later will be the flagship CSR activity of Havells. The programme began with coverage of 1,500 students in 2005. In 2015, ten years since inception, the Havells MDM scheme catered to over 58,000 students from 688 schools every day in the Alwar region of Rajasthan. Till February 2017, Havells has served over 66 million meals to students and impacted lives of millions of Children (Source: Havells). The case illustrates innovative model of automation in food preparation and cooking operations adopted by the company with minimum human intervention, to maintain hygiene and thereby with the help of special vans owned by the company quickly distribute freshly cooked food to schools at lunch time. The case highlights the purpose behind this initiative, challenges that company face in day-to-day activities and the impact of this initiative on the children in Alwar district at Rajasthan. QRG is at the crossroad: Col. Nirban must identify the way forward without compromising on the quality of the services provided. His available options are replicate the programme in the new state, upscale their services in Rajasthan and focus on the existing project and work on the ways to make it sustainable. Complexity academic level The case can be used in both undergraduate and graduate levels in entrepreneurship, management and leadership classes to discuss corporate social responsibility, social entrepreneurship, NGO and responsible business. The case provides practical challenges faced by the social enterprises/NGOs in running the programme, implementing the policies on the ground, replicating and sustaining it. The case can be used in strategy, innovation and ethic classes. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes. Subject code Management science.

THE IMPACT OF DECENTRALIZATION ON THE DEVELOPMENT OF ENTREPRENEURSHIP IN UKRAINE

2017 ◽  
Author(s):  
Lyudmyla Mishchenko ◽  
◽  
Dmytro Mishchenko ◽  
Keyword(s):  
Social Entrepreneurship ◽  
Local Governments ◽  
Poverty Reduction ◽  
Social Protection ◽  
Local Community ◽  
Well Being ◽  
Economic Incentives ◽  
Social Enterprises ◽  
Infrastructural Support ◽  
The Impact

The actualization of the results of financial decentralization in Ukraine as part of the reform of decentralization of power and the development of proposals for its improvement is explained by the fact that a clear division of functions, powers and financial resources between national and regional levels is the basis for the well-being of our citizens. opportunities for its sustainable socio- economic development on a democratic basis. It is noted that financial decentralization is a process of giving authority to mobilize revenues and expenditures of local governments in order to increase the effectiveness of the implementation of these powers and better management of community budgets. It is established that unlike traditional entrepreneurship, which focuses on profit generation, the purpose of social entrepreneurship is to create and accumulate social capital. Abroad, social enterprises operate successfully in the fields of education, the environment, human rights, poverty reduction and health care, and their development and dissemination is one way to improve the living conditions of citizens. A similar mission is entrusted to local governments, which allows us to consider the revival of social entrepreneurship as an important element in improving self-government policy. It is determined that in modern conditions social entrepreneurship is one of the tools to ensure the ability of the local community to provide its members with an appropriate level of education, culture, health, housing and communal services, social protection, etc., as well as plan and implement programs efficient use of available natural and human resources, investment and infrastructural support of territorial communities. Due to financial decentralization, local governments have received additional resources that can be used to create economic incentives to promote social entrepreneurship in small and medium-sized businesses at the community level.

The nexus between financial development and energy consumption: Estimating the role of foreign direct investment, economic growth and urbanization

2021 ◽  
pp. 0958305X2110453
Author(s):  
Jaleel Ahmed ◽  
Shuja ur Rehman ◽  
Zaid Zuhaira ◽  
Shoaib Nisar
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Energy Consumption ◽  
Financial Development ◽  
Latin American ◽  
Direct Investment ◽  
Negative Impact ◽  
Positive Impact ◽  
Supply And Demand ◽  
The Impact

This study examines the impact of financial development on energy consumption for a wide array of countries. The estimators used for financial development are foreign direct investment, economic growth and urbanization. The study employed a panel data regression on 136 countries with time frame of years 1990 to 2019. The model in this study deploys system GMM technique to estimate the model. The results show that financial development has a significant negative impact on energy consumption overall. Foreign direct investment and urbanization has significant impact on energy consumption. Also, economic growth positive impact on energy consumption its mean that economic growth promotes energy consumption. When dividing further the sample into different groups of regions such as Asian, European, African, North/Latin American and Caribbean countries then mixed results related to the nexus between financial development and energy consumption with respect to economic growth, urbanization and foreign direct investment. The policymakers in these different groups of countries must balance the relationship between energy supply and demand to achieving the sustainable economic development.

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