Impact Investing

Satyajit Bose (), Guo Dong () and Anne Simpson ()
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Satyajit Bose: Columbia University
Guo Dong: Columbia University
Anne Simpson: CalPERS

Chapter Chapter 11 in The Financial Ecosystem, 2019, pp 253-282 from Palgrave Macmillan

Abstract: Abstract Impact investing is a style of investing that self-consciously aims to allocate capital for beneficial environmental and social impact alongside financial returns. We begin with a history of impact investing emerging from the confluence of philanthropy, development finance, social enterprise, socially responsible investing, and traditional investing. We survey the landscape of impact investing, including the main actors in its ecosystem and new investment instruments. We then discuss challenges that limit its scale, such as the test of additionality, impact evaluation, and the dominant influence of plutocratic investors, and speculate whether it is time for a paradigm shift, one that moves the field away from focusing on investors alone and toward a participatory approach that elevates the stakeholder to a level on par with the investor.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-3-030-05624-7_11

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DOI: 10.1007/978-3-030-05624-7_11

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