Financing the Social Businesses of Managers and Economist Engineers from Romania

• Author: Ioan Constantin Rada - Liliana Doina M?gdoiu - Ioana Carmen Rada - Alexandru Radu Ursu
• Position: University 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
• Pages: 7-19

European Journal of Economics, Law and Social Sciences

IIPCCL Publishing, Graz-Austria

Vol. 1 No. 2

June, 2017

ISSN 2519-1284

Acces online at www.iipccl.org

7

Financing the Social Businesses of Managers and Economist Engineers from

Romania

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

Abstract

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 profi 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 profi t.

Keywords: fi nancing, social businesses, managers, economist engineers.

Introduction

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 Profi t” (Măgdoiu, Rada, 2014);