Impact Investing and the Fostering of Entrepreneurship in Disadvantaged Urban Areas: Evidence from Microdata in French Banlieues

Romain Boulongne (), Rodolphe Durand () and Caroline Flammer
Additional contact information
Rodolphe Durand: HEC Paris - Ecole des Hautes Etudes Commerciales

Working Papers from HAL

Abstract: We examine whether impact investing is more effective in fostering business venture success and social impact when directed toward ventures located in vs. outside disadvantaged urban areas (i.e., areas with high crime, unemployment, and poverty). We explore this question in the context of loans made to business ventures located in French "banlieues" vs. "non-banlieues". We find that loans issued to banlieue ventures, compared to non-banlieue ventures, yield greater improvements in financial performance, as well as greater social impact in terms of the creation of local employment opportunities, quality jobs, and jobs for minorities — all of which contribute to the social inclusion of marginalized communities and the development of sustainable cities.

Keywords: Entrepreneurship; Impact Investing; Social Impact; Disadvantaged Urban Areas; Sustainable Cities; Sustainable Development Goals (SDGs) (search for similar items in EconPapers)
Date: 2020-11-30
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-03031917

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().