SOCIAL ENTREPRENEURSHIP IN RUSSIA: KEY PLAYERS AND DEVELOPMENT POTENTIALITY
The theoretical basis of work is the notion of legitimation as a complex mechanism of social approval of a new phenomenon taking place with the active participation of different social groups and structures, able to influence its final form. In the focus of the empirical analysis the representations of social entrepreneurship that main actors of its legitimacy in Russia have. Among them are: the state, foundations, NPOs and business. We assess the (in)consistency between their representations as well as the reflection of these representations in the characteristics of existing organizations of social entrepreneurship (social enterprises).
Business, government and NPOs are understood as external actors of social enterprise legitimation, as without their recognition the legitimation will not take place. In turn, social enterprises, regardless of whether they come from for-profit or non-profit sector, are seen as objects of legitimation, or as a new actor, not identical to any of the above. It is shown that the contradictions in the positions of key actors can lead to mutually exclusive projects of legitimation of a new phenomenon, so that they will undermine the cognitive and moral legitimacy of each other. The empirical data include the results of the authors survey of 202 social enterprises.
This paper develops a strategy for investigating the new institutionalism in economic sociology. An analytical scheme is proposed to link institutional arrangements, structure of incentives, and conceptions of control. Questions regarding the legitimacy of claims on resources and profits, contract enforcements, and business networking are discussed on the theoretical level.
“Social Investment and Impact Measurement” session proceedings
This article aims to provides a theoretical overview of social stock exchanges, as innovative tools of social investment attracting. In the article we define functions of SSEs, its main features and compare SSEs with traditional stock exchanges.
The article proposes a definition and empirical grounds of social enterprise fit for identify and clarify social effect of such businesses. Based on the study of 15 companies, operating mainly in small and medium towns of Russia, analyzes the performance of managers, for the development and creation of new rules and practices that are significant for the achievement not only production, but also for social purposes. The proposed typology of social enterprises that differ in their socio-cultural projects, and describes the forms of existence of such projects.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The results of cross-cultural research of implicit theories of innovativeness among students and teachers, representatives of three ethnocultural groups: Russians, the people of the North Caucasus (Chechens and Ingushs) and Tuvinians (N=804) are presented. Intergroup differences in implicit theories of innovativeness are revealed: the ‘individual’ theories of innovativeness prevail among Russians and among the students, the ‘social’ theories of innovativeness are more expressed among respondents from the North Caucasus, Tuva and among the teachers. Using the structural equations modeling the universal model of values impact on implicit theories of innovativeness and attitudes towards innovations is constructed. Values of the Openness to changes and individual theories of innovativeness promote the positive relation to innovations. Results of research have shown that implicit theories of innovativeness differ in different cultures, and values make different impact on the attitudes towards innovations and innovative experience in different cultures.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.
One of the most important indicators of company's success is the increase of its value. The article investigates traditional methods of company's value assessment and the evidence that the application of these methods is incorrect in the new stage of economy. So it is necessary to create a new method of valuation based on the new main sources of company's success that is its intellectual capital.