Performance of impact investing: A value creation approach

Jean-Laurent Viviani () and Carole Maurel

Research in International Business and Finance, 2019, vol. 47, issue C, 31-39

Abstract: The purpose of this article is to present an overview about the origins of value creation in impact investing and propose a measure of value creation. According to this point of view, impact investing, i.e. investing in enterprises with a both social and financial objective can be justified only if those enterprises can provide for a higher performance than with a simple portfolio diversification (separate investment in two types of activity). After an overview about the sources of value creation in impact investees as well as about a discussion on existing methods, we propose a method to measure multidimensional value creation.

Keywords: Impact investee; Value creation; Social enterprise; Impact investing; Hybridity (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:31-39

DOI: 10.1016/j.ribaf.2018.01.001

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