Financing the Social Businesses of Managers and Economist Engineers from Romania

AuthorIoan Constantin Rada - Liliana Doina M?gdoiu - Ioana Carmen Rada - Alexandru Radu Ursu
PositionUniversity of Oradea, Oradea, Romania - University of Oradea, Oradea, Romania - The National Bank of Romania, Bihor county Branch, Romania - The National Bank of Romania, Bihor county Branch, Romania
European Journal of Economics, Law and Social Sciences
IIPCCL Publishing, Graz-Austria
Vol. 1 No. 2
June, 2017
ISSN 2519-1284
Acces online at
Financing the Social Businesses of Managers and Economist Engineers from
Ioan Constantin Rada
University of Oradea, Oradea, Romania
Liliana Doina Măgdoiu
University of Oradea, Oradea, Romania
Ioana Carmen Rada
The National Bank of Romania, Bihor county Branch, Romania
Alexandru Radu Ursu
The Transylvania Bank of Romania, Bihor country Branch, Romania
The obvious phenomena of poverty and social exclusion in Romania have generated both the
need and the opportunity to found social businesses, as well as other forms of social enterprises,
which aim at limiting the above-mentioned circumstances and at reestablishing human dignity
among social vulnerable groups. Managers and economist engineers belong to a category of
entrepreneurs that have acquired, in the context of their initial and continuous education,
professional and transversal competences. They are able to initiate social businesses that,
unlike forms of business oriented towards pro t, aim at eliminating the causes/restrictions that
exclude certain individuals from obtaining the resources they need to live. Such enterprises
are based on people’s generosity and have social and altruistic purposes but still, they need
sources of money in order to function and develop. As we shall point out further on, several
sources of money are available for developing businesses that are not oriented towards pro t.
Keywords: nancing, social businesses, managers, economist engineers.
From our point of view, the social businesses of managers and economist engineers
from Romania can be included among the new managerial-economic mechanisms
aimed at answering some of humanity’s pressing needs. In Romania, this necessity,
of founding social enterprises, is generated by the context of poverty and social
exclusion, which our country has to face and solve. These concepts have already
been approached and discussed by us in a series of academic papers that have been
either published or are in a process of evaluation, before publication: „Managers and
Economist Engineers in the Development of the Social Economy” (Rada, Măgdoiu,
2013); „The Initial and Ongoing Training of Economist Engineers as Human Resources
of the Labor Market” (Măgdoiu, Rada, 2013); „Managers and Economist Engineers
between the Social Responsibility of Oil Corporations and the Development of
Social Economy” (Măgdoiu, Rada et al., 2014); „Managers and Economist Engineers
between Social Economy Development and Obtaining Pro t” (Măgdoiu, Rada, 2014);

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