The growing awareness of environmental issues, such as the accelerated depletion of natural resources and declines in the quality of the environment, has led to the emergence of the concept of balanced (sustainable) development, which implies continual coordination with an equal focus on the following three key components of developmenteconomic, social, and environmental. The purpose of this paper is to analyze some of the key characteristics of the development and organization of environmental entrepreneurship. The authors explore in detail the concept of environmental entrepreneurship. An expert survey was conducted to determine some of the key ideas for the development of environmental entrepreneurship, as well as some of the key prospects for integrating environmental aspects into entrepreneurial activity as a whole. Among the key areas for the development of environmental entrepreneurship listed in the paper are production of organic output, environmental construction, environmental tourism, and waste management and recycling. The authors provide an in-depth insight into some of the key principles and lines of activity on each of the areas mentioned.
Purpose: this work aims to analyze the current development of social entrepreneurship in Russia, identify the characteristic features that accompany the development of the phenomenon, and analyze the financial sustainability of modern Russian social enterprises.Methods: to achieve the stated goal, theoretical research methods – abstraction, analysis and synthesis were used. With the help of these methods, first of all, for the theoretical basis of the concept (review and evaluation of existing approaches to the definition of a phenomenon and similar concepts, as well as developing definition for research purposes), identifying problems of the conceptual apparatus and criteria in practice. As a result, the issues of qualitative and quantitative research of the phenomenon in Russia, as well as for a comparative analysis of social enterprises, supported by a specialized fund in 2015 (data provided by SPARK database). The paper also applied methods of empirical research, economic and, in some cases, financial analysis, namely, a comparison of companies in the sample of interest using the general methodology of financial comparison of enterprises. Within the framework of the study, the composition, direction and lifetime of social and entrepreneurial projects are analyzed using the example of a specific sample, and a formal, legally formalized representation of enterprises of social entrepreneurship in the Spark database.Results: the study showed that at the current time the analysis of the activities of many social enterprises is significantly hampered by their chosen organizational and legal form of activity, many enterprises are unstable or have ceased operations.Conclusions and Relevance: the study found that modern social enterprises have a heterogeneous composition and often a very unstable financial situation several years after receiving support. This result allows us to conclude that it is necessary to test the initial hypotheses on a larger sample. So, the further study of the conditionality of the duration of the "life" of the social enterprise with the initial parameters of the enterprise, such as, for example, the organizational legal form, and also the dependence of the duration of active entrepreneurial activity on the chosen social orientation – after all, small and medium enterprises themselves are rather unstable structures. Based on the conducted research, a hypothesis is also put forward on the need for comprehensive and long-term support of social and entrepreneurial projects.
One of the most debated technologies affecting economic relations is blockchain and smart contracts, which are already used in various industries (financial, logistics, insurance, healthcare and others). This article is devoted to the analysis of smart contracts as a form of new contracting technologies by instruments of new institutional economics: the theory of incomplete contracts and the concept of self-enforcement agreements. The article formulates and explains two main hypotheses. The first hypothesis is related to the understanding of the applicability of smart contracts on a multitude of contracts, according to a well-known classification-classical, neoclassical, relational. The results of the study allow determining that classical contracts are more conformed to formalization in smart contracts. It is inferred that neoclassical contracts can also be presented in the "smart" format but it is hardly applicable to relational ones. The second hypothesis is considering the smart contracts spreading as not institutionally neutral phenomenon which can lead to significant changes in the legislative framework for contractual relations as well as mechanisms to ensure compliance with legally significant contracts.
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