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Social Enterprise and Economic Growth: A Theoretical Approach and Policy Recommendations

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  • Moga Tano Jilenga

Abstract

Social Enterprise is a fast emerging discipline that generates social impact through an entrepreneurial approach. This study examined social enterprise and its contribution on economic growth. The theoretical analysis provides that social enterprises are essential for economic growth and play a significant contribution in local economies through job creation, improving quality of life for the local people and provision of valuable social services. The potential of social enterprises to contribute to economic growth depends on broader system of different layers in the society to influence and increase impact as change agent. Therefore, social enterprises should be included into economic processes such as in doing business, in economic policy making and in financial policy. However, a number of basic policy and legal measures are necessary to create an appropriate environment for social entserprise development that can improve the impact of social entrepreneurship in the society. The principle requirement is to create a favorable legal context which treats social enterprises similar to business organizations.

Suggested Citation

  • Moga Tano Jilenga, 2017. "Social Enterprise and Economic Growth: A Theoretical Approach and Policy Recommendations," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(1), pages 41-49, January.
    • Handle: RePEc:hur:ijaraf:v:7:y:2017:i:1:p:41-49
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    References listed on IDEAS

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    Cited by:

    1. Giuseppina Maria Cardella & Brizeida Raquel Hernández-Sánchez & Alcides Almeida Monteiro & José Carlos Sánchez-García, 2021. "Social Entrepreneurship Research: Intellectual Structures and Future Perspectives," Sustainability, MDPI, vol. 13(14), pages 1-21, July.
    2. Vivek Ahuja & Asif Akhtar & O. P. Wali, 2019. "Development of a comprehensive model of social entrepreneurial intention formation using a quality tool," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-27, December.

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