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Principles of public-private partnerships as a form of social entrepreneurship

Journal: Economic Consultant (Vol.29, No. 1)

Publication Date:

Authors : ;

Page : 49-56

Keywords : social entrepreneurship; public-private partnership; principles; social responsibility; stakeholders; sustainable development; corporate effectiveness;

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Abstract

Social entrepreneurship takes many forms as a type of entrepreneurship. The least scientifically substantiated economic form of social entrepreneurship is a public-private partnership in the field of intangible services. The study aims to determine the principles of public-private partnerships as an economic form of social entrepreneurship. To achieve the aim, the method of comparative analysis of the principles of public-private partnership by country and by the application in Russian scientific research was used. The principles of social entrepreneurship, taking into account economic activities, factors of legitimacy, and the context of the application were also compared. According to foreign scientific publications, chronological analysis of the social responsibility concept, stakeholders and sustainable development, which all affect the formation of entrepreneurial culture, has been carried out. As a result, the principle of corporate efficiency was formed, which includes six components: areas of corporate social responsibility, levels of microeconomic responsibility, stakeholders, social issues management, corporate social sensitivity, corporate social activity impact assessment. The principle of corporate efficiency can be applied in the preparation of recommendations on the interaction of public and private socio-entrepreneurial structures, which indicates its practical significance. Further research may be carried out on the formation of tools that operationalize the mechanism of public-private partnerships as a form of social entrepreneurship based on the principle of corporate effectiveness.

Last modified: 2020-04-22 18:40:38