[01] Mehrdad Madhooshi, Department of Industrial Management, Faculty of Economics and Administrative Sciences, University of Mazandaran, Babolsar, Iran. [02] Mohammad Hossein Jafari Samimi, Department of Industrial Management, Faculty of Economics and Administrative Sciences, University of Mazandaran, Babolsar, Iran.

The purpose of the present paper is to study the interaction between the two important concepts namely, "social capital" and "social entrepreneurship from a theoretical point of view. It calls attention to the significant discussion which illustrates how the prevailing positive impacts supporting the formation of social capital is essential for the framework in which entrepreneurship can take place. Also, successful social entrepreneurs are able to build a substantial stock of social capital through improvement and enrichments of its basic elements in promoting social capital. Although the actual causal relationship between the two concepts needs empirical verifications, however, from a theoretical analysis it is a fair and reasonable conclusion that there should be a two-way relationship and mutual impacts between the social capital and social entrepreneurship.

Social Entrepreneurship, Social Capital, Theoretical Analysis, Causal Relationship

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