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Author: Romain Boulongne Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
We examine whether impact investing is more effective in fostering business venture success and social impact when investments are directed toward ventures located in disadvantaged urban areas compared to similar investments directed toward ventures located outside these areas. We explore this question in the context of loans made to business ventures in French "banlieues" vs. "non-banlieues." We find that loans issued to 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 gender-equitable jobs. These results suggest that impact investors are able to contract with ventures of greater unrealized potential in banlieues, as banlieue ventures tend to be discriminated on the traditional loan market. This is corroborated in a controlled lab experiment in which participants--working professionals who are asked to act as loan officers--are randomly assigned to identical business ventures that only differ in their geographic location. We find that participants are indeed less likely to grant loans to banlieue ventures compared to non-banlieue ventures, despite the ventures being identical.
Author: Romain Boulongne Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
We examine whether impact investing is more effective in fostering business venture success and social impact when investments are directed toward ventures located in disadvantaged urban areas compared to similar investments directed toward ventures located outside these areas. We explore this question in the context of loans made to business ventures in French "banlieues" vs. "non-banlieues." We find that loans issued to 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 gender-equitable jobs. These results suggest that impact investors are able to contract with ventures of greater unrealized potential in banlieues, as banlieue ventures tend to be discriminated on the traditional loan market. This is corroborated in a controlled lab experiment in which participants--working professionals who are asked to act as loan officers--are randomly assigned to identical business ventures that only differ in their geographic location. We find that participants are indeed less likely to grant loans to banlieue ventures compared to non-banlieue ventures, despite the ventures being identical.
Author: Charles L. Marohn, Jr. Publisher: John Wiley & Sons ISBN: 1119564816 Category : Business & Economics Languages : en Pages : 262
Book Description
A new way forward for sustainable quality of life in cities of all sizes Strong Towns: A Bottom-Up Revolution to Build American Prosperity is a book of forward-thinking ideas that breaks with modern wisdom to present a new vision of urban development in the United States. Presenting the foundational ideas of the Strong Towns movement he co-founded, Charles Marohn explains why cities of all sizes continue to struggle to meet their basic needs, and reveals the new paradigm that can solve this longstanding problem. Inside, you’ll learn why inducing growth and development has been the conventional response to urban financial struggles—and why it just doesn’t work. New development and high-risk investing don’t generate enough wealth to support itself, and cities continue to struggle. Read this book to find out how cities large and small can focus on bottom-up investments to minimize risk and maximize their ability to strengthen the community financially and improve citizens’ quality of life. Develop in-depth knowledge of the underlying logic behind the “traditional” search for never-ending urban growth Learn practical solutions for ameliorating financial struggles through low-risk investment and a grassroots focus Gain insights and tools that can stop the vicious cycle of budget shortfalls and unexpected downturns Become a part of the Strong Towns revolution by shifting the focus away from top-down growth toward rebuilding American prosperity Strong Towns acknowledges that there is a problem with the American approach to growth and shows community leaders a new way forward. The Strong Towns response is a revolution in how we assemble the places we live.
Author: Elsa De Morais Sarmento Publisher: John Wiley & Sons ISBN: 1119690641 Category : Business & Economics Languages : en Pages : 1331
Book Description
Discover how to invest your capital to achieve a powerful, lasting impact on the world. The Global Handbook of Impact Investing: Solving Global Problems Via Smarter Capital Markets Towards A More Sustainable Society is an insightful guide to the growing world-wide movement of Impact Investing. Impact investors seek to realize lasting, beneficial improvements in society by allocating capital to sources of impactful and sustainable profit. This Handbook is a how-to guide for institutional investors, including family offices, foundations, endowments, governments, and international organizations, as well as academics, students, and everyday investors globally. The Handbook´s wide-ranging contributions from around the world make a powerful case for positive impact and profit to fund substantive, lasting solutions that solve critical problems across the world. Edited by two experienced and distinguished professionals in the sustainable investing arena and authored by two dozen renowned experts from finance, academia, and multilateral organizations from around the world, the Global Handbook of Impact Investing educates, inspires, and spurs action towards more responsible investing across all asset classes, resulting in smarter capital markets, including how to: · Realize positive impact and profit · Integrate impact into investment decision-making and portfolio · Allocate impactful investments across all asset classes · Apply unique Impact Investing frameworks · Measure, evaluate and report on impact · Learn from case examples around the globe · Pursue Best Practices in Impact Investing and impact reporting While other resources may take a local or limited approach to the subject, this Handbook gathers global knowledge and results from public and private institutions spanning five continents. The authors also make a powerful case for the ability of Impact Investing to lead to substantive and lasting change that addresses critical problems across the world.
Author: Antony Bugg-Levine Publisher: John Wiley & Sons ISBN: 1118100689 Category : Business & Economics Languages : en Pages : 341
Book Description
A ground-breaking book on the transformative power of impact investing This is the first book to chart the catalytic path of this new industry, explaining how it is and can be a positive disruptive force. It shows how impact investing is a transformational vehicle for delivering "blended value" throughout the investment spectrum, giving a single name to a set of activities previously siloed in enclaves, revealing how they are linked within what is becoming a new field of investing. Written by two leaders in the growing field of impact investing, the book defines this emerging industry for participants on all sides of the funding equation (investors, funders and social entrepreneurs). Filled with illustrative examples of impact investing success stories Reveals how the field can expand in order to address the most critical social and environmental issues of our day Explores the wide-ranging applications of impact investing as well as entrepreneurial opportunities The authors do not take a normative approach to argue how investors should behave like an investment guide might but show how entrepreneurial people and institutions are already offering an integrated alternative.
Author: Judith Rodin Publisher: Wharton School Press ISBN: 9781613630365 Category : Investments Languages : en Pages : 0
Book Description
"A new wave of investors is using impact investing to address some of the greatest challenges of our time--from climate change and water scarcity to lack of access to health care, education, and affordable housing--with the intention of also generating a financial return. This couldn't happen at a more critical time. While philanthropy continues to be a transformative force for good, global philanthropic funds, even when combined with the development or aid budgets of many national governments, add up to mere billions of dollars ... Rockefeller Foundation president Judith Rodin and Margot Brandenburg, two of the foremost experts in the field, explain what impact investing is, how it compares to philanthropy and traditional investments, where opportunities are evolving around the world, and how to get started ..."--Publisher description
Author: Wolfgang Spiess-Knafl Publisher: Springer Nature ISBN: 3031321839 Category : Business & Economics Languages : en Pages : 163
Book Description
Impact investing is a dynamic field that has been recently been discussed as a supplemental funding source for addressing societal problems. The topic has generated significant interest and is presumed to achieve significant growth rates for the coming years. This book provides a refreshed yet comprehensive overview about the market, financial instruments and the associated impact assessment. Specifically, it covers the concept of impact investing within the broader field of social finance as well as the relevant (and new) actors, presents current financing instruments and the various tools to assess the impact of the investing strategy, and introduces valuation and fund modelling techniques which impact the investment decision of fund managers. This useful reference tool will be of interest to academics and researchers in the field of impact investing alongside students and practitioners in the space.
Author: Morgan Simon Publisher: Bold Type Books ISBN: 1568589816 Category : Social Science Languages : en Pages : 256
Book Description
A leading investment professional explains the world of impact investing--investing in businesses and projects with a social and financial return--and shows what it takes to make sustainable, transformative change. Impact investment--the support of social and environmental projects with a financial return--has become a hot topic on the global stage; poised to eclipse traditional aid by ten times in the next decade. But the field is at a tipping point: Will impact investment empower millions of people worldwide, or will it replicate the same mistakes that have plagued both aid and finance? Morgan Simon is an investment professional who works at the nexus of social finance and social justice. In Real Impact, she teaches us how to get it right, leveraging the world's resources to truly transform the economy. Over the past seventeen years, Simon has influenced over $150 billion from endowments, families, and foundations. In Real Impact, Simon shares her experience as both investor and activist to offer clear strategies for investors, community leaders, and entrepreneurs alike. Real Impact is essential reading for anyone seeking real change in the world.
Author: Cathy Clark Publisher: Jossey-Bass ISBN: 9781118862995 Category : Business & Economics Languages : en Pages : 0
Book Description
This short format piece targeting impact investors and social entrepreneurs provides real-world examples of impact investing for social return based on author-developed cases derived from their work and research. It covers two overarching themes of impact investing with cases and supporting evidence. Coverage includes: MISSION FIRST AND LAST Summary of Theme: • Myth: Impact investing is either ‘financial-first’ or ‘impact-first’, where either financial returns or impact are prioritized across each stage of a fund’s or organization’s lifecycle. • Reality: Impact investing involves weighing financial and impact objectives differently throughout fund lifecycles. A clearly embedded strategy and structure for achieving mission is at the core of enabling a financial process of investing and in outperforming funds, this happens before any investment is made, and then again in the assessment of mission at the end of the investment. In between, most funds act very much like other investors, and financial concerns dominate. • Fund examples: Microvest’s founding by 2 global nonprofits and resulting practices; Bridges Ventures building in government goals and nonprofit trust structure from outset; RSF Social Finance’s funding areas and interest rates decided by its investors; then loan portfolios are managed with mainstream discipline. MULTILINGUAL LEADERSHIP Summary of Theme: • Myth: A single-minded focus on the financial elements of impact investing will guarantee success • Reality: Even as those responsible for making investments must be rigorously financial-aware, fund strategy and leadership is a cross-sector discipline and requires familiarity with policy, business and social sectors. • Fund examples: Omidyar Network’s professional EBay and investment- background staff turning to policy and infrastructure development to move a sector as a foundation would; Aavishkar’s founders have government fund backgrounds and include an Ashoka (social enterprise) fellow.
Author: John Forrer Publisher: Taylor & Francis ISBN: 1040099033 Category : Business & Economics Languages : en Pages : 172
Book Description
There is no questioning the enthusiasm that welcomed impact investing as an alternative approach to making investments: Take account of both financial returns and the social and environmental impacts. But there is no denying that the approach has fallen well short of expectations. Impact investing has shown great promise as a major transformational investment paradigm, but in practice under-performing woefully and its prospects are dimming: It comprises less than 1% of the world’s equity investments, and too many claims of success are more about marketing and reputational value than hard evidence of positive social impacts. Drawing on over a decade of hands-on experience, this book presents a unique combination of a how-to guide and a reimagining – new models, frameworks, techniques, and tools – of what impact investing could be and could accomplish. It points to a new direction for future impact investments: achieve higher financial returns, more positive social and environmental impacts, and lower risks than conventional investments. Readers will learn what actions should be taken at each stage of impact investing, and which models, analytic frameworks, and techniques to use – and how to use them – for optimal results. This book offers a step-by-step guide to how impact investing can achieve its promise of transforming global investments into a powerful positive force for change. It is an inspiring and comprehensive resource for anyone who wants to understand how impact investing works and how it can be done better, from professionals at foundations, international NGOs, consulting firms, and government agencies, to students of finance, public policy, ESG, sustainability and international development.
Author: Romain Boulongne
Author: Romain Boulongne
Author: Romain Boulongne
Author: Charles L. Marohn, Jr.
Author: Elsa De Morais Sarmento
Author: Antony Bugg-Levine
Author: Judith Rodin
Author: Wolfgang Spiess-Knafl
Author: Morgan Simon
Author: Cathy Clark
Author: John Forrer