ABSTRACT
Research on social entrepreneurship is comparatively recent in the entrepreneurship field (Zietlow, 2002; Hoogendroorn et al., 2010). Globalization, rising inequality and inability of the invisible hands in the free market system to solve market volatility have created room for socially conscious ventures to intervene and find innovative ways to resolve some societal problems that cannot be solved by conventional means. Thanks to the success of many social ventures and their growing popularity, policy makers, entrepreneurs with social values and researchers started to focus on this sector two decades ago (Hoogendroorn et al., 2010). In the post-industrial era of today, economic agents are more socially conscious and are trying to build a balanced society for long-term sustainability.
