Impact investing ≈ Impact investing
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A Review and Road Map of Entrepreneurial Equity Financing Research: Venture Capital, Corporate Venture Capital, Angel Investment, Crowdfunding, and Accelerators Open
Equity financing in entrepreneurship primarily includes venture capital, corporate venture capital, angel investment, crowdfunding, and accelerators. We take stock of venture financing research to date with two main objectives: (a) to inte…
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Can Sustainable Investing Save the World? Reviewing the Mechanisms of Investor Impact Open
This article asks how sustainable investing contributes to societal goals, conducting a literature review on investor impact—that is, the change investors trigger in companies’ environmental and social impact. We distinguish three impact m…
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Do Investors Care about Impact? Open
We assess how investors’ willingness-to-pay (WTP) for sustainable investments responds to the social impact of those investments, using a framed field experiment. While investors have a substantial WTP for sustainable investments, they do …
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Impact Investing Strategy: Managing Conflicts between Impact Investor and Investee Social Enterprise Open
Impact investing pursues the dual goals of creating socio-economic value for the marginalized, and ensuring net positive financial returns. Impact investing firms achieve their goals through their investments in projects and enterprises wh…
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The market for socially responsible investing: a review of the developments Open
Purpose This study aims to explain how socially responsible investing (SRI) has evolved in the past few decades and sheds light on its latest developments. It describes different forms of SRI in the financial markets, and deliberates on th…
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A review on ESG investing: Investors’ expectations, beliefs and perceptions Open
This study examines the recent literature on the expectations, beliefs and perceptions of investors who incorporate Environmental, Social, Governance (ESG) considerations in investment decisions with the aim to generate superior performanc…
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Business Models for Sustainable Finance: The Case Study of Social Impact Bonds Open
Business models for sustainability (BMfS) are relevant topics on research agendas, given their orientation toward sustainability issues. However, traditional versions of these models are often ill-equipped at solving complex social problem…
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Impact investing in biodiversity conservation with bonds: An analysis of financial and environmental risk Open
Impact investments have the dual goals of generating profit and environmental and/or social impact from the same project or enterprise. This article examines recent impact investments in biodiversity conservation—specifically, debt finance…
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Social Bonds for Sustainable Development: A Human Rights Perspective on Impact Investing Open
This article analyses the human rights implications of impact investing, which aims to create positive social and environmental impacts in addition to financial returns. Reflecting growing awareness of the capacity of the global capital ma…
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Impact investing and sustainable market transformations: The role of venture capital funds Open
Impact investors often know their financial return on investments, but are less certain about their impact. This article frames impact as their contribution to sustainable market transformation. A sustainable market transformation consists…
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Sustainable investment and environmental, social, and governance investing: A bibliometric and systematic literature review Open
Environmental, social, and governance (ESG) investing is synonymous with sustainable investment for socially responsible investors. Unfortunately, the diversity of ESG investing remains unattended amidst the growth in ESG literature, as th…
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Preserving the Integrity of Social Impact Investing: Towards a Distinctive Implementation Strategy Open
Social impact investing (SII) is a strategy of asset allocation that aims to generate social and environmental impact alongside a financial return. Compared to other approaches of sustainable finance it holds an enormous potential of gener…
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Sustainable Financial Partnerships for the SDGs: The Case of Social Impact Bonds Open
The 2030 Agenda for Sustainable Development brought the critical challenge of how private capital can support its new goals—the Sustainable Development Goals (SDGs)—to the attention of finance, business and policy actors. Impact finance in…
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Financial social innovation to engage the economically marginalized: <i>insights from an Indian case study</i> Open
© 2017 Informa UK Limited, trading as Taylor & Francis Group. New sources of finance within the label of ‘impact investing’ have emerged as mechanisms to promote entrepreneurship within marginalized communities. Different vehicles for impa…
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Sustainable Banking: New Forms of Investing under the Umbrella of the 2030 Agenda Open
(1) Social Impact Bonds (SIBs) foster the relationships between public and private sectors while adding value to new forms of investment that are closely linked to Socially Responsible Investments (SRIs). In this context, Sustainable Devel…
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Why Do Retail Investors Pick Green Investments? A Lab-in-the-Field Experiment with Crowdfunders Open
Do investors invest in green projects because they expect higher returns, to help the environment, or to help other people? To separate these motivations, we run a decision experiment in which crowdfunders choose between a higher return or…
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Social Impact Bonds and Institutional Investors: An Empirical Analysis of a Complicated Relationship Open
Over the past 8 years, social impact bonds (SIBs) have attracted increasing attention from scholars, policy makers, and investors. Notwithstanding good intentions and policy makers’ enthusiasm, SIBs have failed to attract significant priva…
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Social Finance and Impact Investing. Governing Welfare in the Era of Financialization Open
Social Finance and Impact Investing took off after the 2008 financial crisis, offering alternative financing solutions for social welfare. Presented as answers to the pressing problems of the 21st century public sector fiscal constraints, …
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When billions meet trillions: impact investing and shadow banking in Pakistan Open
This article argues that impact investing is a means to promote shadow banking. This is reflected in the rise of impact investing in Pakistan, particularly its predilection for inclusive finance. Two contentions are made: one, that impact …
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Social Impact Bonds as a Funding Method for Health and Social Programs: Potential Areas of Concern Open
Social Impact Bonds (SIBs) represent a new way to finance social service and health promotion programs whereby different types of investors provide an upfront investment of capital. If a given program meets predetermined criteria for a suc…
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Socially Responsible and Sustainable Investing Open
Socially responsible investment (SRI) Socially Responsible Investing (SRI) Socially Responsible Investments is the practice of incorporating social and environmentalEnvironment goals into investment decisions. Therefore, SRI is a strategy …
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Reparative accumulation? Financial risk and investment across socio-environmental crises Open
With the growing global recognition that environmental and social crises are pushing systems of social and ecological reproduction to their breaking points, governments, philanthropists, and the private sector are proposing a variety of st…
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Evaluative tools in impact investing: Three case studies on the use of theories of change Open
Impact investing is becoming one of the largest forces in driving social and environmental change globally. However, how one defines, measures and communicates this impact is not well defined or consistently implemented. This can prevent i…
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Who Has a Seat at the Table in Impact Investing? Addressing Inequality by Giving Voice Open
Despite recognizing the importance of impact investing in combating complex societal challenges, researchers have yet to examine the capacity of the field to address systemic inequality. While impact investments are intended to benefit vul…
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A Systematic Review of Sustainable Investment Approaches Open
The article examined three widely accepted approaches to sustainable investing: Socially Responsible Investing (SRI), Environmental, Social and Governance (ESG), and impact investing. Nevertheless, these sustainable investment strategies a…
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(Big) Society and (Market) Discipline: Social Investment and the Financialisation of Social Reproduction Open
The United Kingdom is at the forefront of a global movement to establish a social-investment market. At the heart of social investment we find finance – and financialisation. Specifically, we find: a financial market (the social-investment…
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Responsible investing in South Africa: past, present and future Open
Despite strong growth in responsible investing (RI) internationally, only a few institutional investors in South Africa have adopted this investment philosophy. This article contributes to the limited body of African RI literature by ident…
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Responsible Investing: A Study on Non-Economic Goals and Investors’ Characteristics Open
The notion of rational investment is not attuned with the idea of socially responsible investment. Incongruence with conventional investments, the SRI/sustainable investment/ethical investment is pertained to ethical, environmental and soc…
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Does doing good pay off? Open
Purpose The purpose of this paper is to examine the world’s first social impact bond (SIB) and the lessons that can be learned for the Islamic finance industry to fulfil its true objectives. Design/methodology/approach The Peterborough SIB…
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Value, Values, and Valuation: The Marketization of Charitable Foundation Impact Investing Open
Based on an abductive analytic study, we examine financial and social value incorporation in the multi-valued market of impact investing. This paper draws on interviews with investment professionals in 54 charitable foundations, intermedia…