The role of corporate social responsibility in social entrepreneurship

Abstract

The debates on the differences between social enterprises and commercial enterprises are related to task performance and the way that social mission is accomplished by involved parties. However, commercial entrepreneurs must pursue both economic and social issues, but primary mission will be to acquire financial independence by investing and creating value for stakeholders. Corporate Social Responsibility has an undeniable effect on both society and businesses, but this practice depends on the companies availability to get involved which is at the discretion of the managers and shareholders. This study is based on a quantitative research, aimed to evaluate specific aspects of CSR policies developed by 79 firms from N-W part of Romania. Corporate social responsibility and social entrepreneurship have distinct conceptual approach, but both have an indubitable effect by valorizing social opportunities.Corporate Social Responsibility, social enterprise, social value, enterprises.