Coping with impact investing antagonistic objectives: A multistakeholder approach

Sharam Alijani and Catherine Karyotis

Research in International Business and Finance, 2019, vol. 47, issue C, 10-17

Abstract: Impact investing (II) aims to achieve positive social and environmental impact and create blended value through sustainable value propositions. Building and expanding on a diverse and growing research corpus on socially responsible investing (SRI), social impact bonds (SIB) and social enterprises our study investigates the structuring elements of impact investing, its dynamics and trajectory. A particular emphasis is placed on the complex web of interactions among numerous stakeholders (i.e. banks, institutional investors, portfolio managers, public, for-profit and nonprofit organizations and social enterprises) with opposing objectives and antagonistic assets in sourcing and channeling financial resources. This paper highlights the importance of adopting a multistakeholder approach when examining the financial ecosystem within which II intermediaries operate and collaborate achieve maximum social and environmental impact.

Keywords: Socially responsible investing (SRI); Social impact bond (SIB); Social enterprise; Blended value (search for similar items in EconPapers)
JEL-codes: G11 G18 G24 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:47:y:2019:i:c:p:10-17

DOI: 10.1016/j.ribaf.2018.04.002

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