What's in a Name: An Analysis of Impact Investing Understandings by Academics and Practitioners

Verfasser / Beitragende:
[Anna Höchstädter, Barbara Scheck]
Ort, Verlag, Jahr:
2015
Enthalten in:
Journal of Business Ethics, 132/2(2015-12-01), 449-475
Format:
Artikel (online)
ID: 605486433
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024 7 0 |a 10.1007/s10551-014-2327-0  |2 doi 
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245 0 0 |a What's in a Name: An Analysis of Impact Investing Understandings by Academics and Practitioners  |h [Elektronische Daten]  |c [Anna Höchstädter, Barbara Scheck] 
520 3 |a Recently, there has been much talk of impact investing. Around the world, specialized intermediaries have appeared, mainstream financial players and governments have become involved, renowned universities have included impact investing courses in their curriculum, and a myriad of practitioner contributions have been published. Despite all this activity, conceptual clarity remains an issue: The absence of a uniform definition, the interchangeable use of alternative terms and unclear boundaries to related concepts such as socially responsible investment are being criticized. This article aims to contribute to a better understanding of impact investing, which could help foster this specific investment style and guide further academic research. To do so, it investigates a large number of academic and practitioner works, highlighting areas of similarity and inconsistency on three levels: definitional, terminological, and strategic. Our research shows that, on a general level, heterogeneity—especially definitional and strategic—is less pronounced than expected. Yet, our research also reveals critical issues that need to be clarified to advance the field and increase its credibility. First and foremost, this includes the characteristics required of impact investees, notably whether they need to be (social sector) organizations that prioritize their non-financial mission over the business side. Our results indicate that there may be different schools of thoughts concerning this matter. 
540 |a Springer Science+Business Media Dordrecht, 2014 
690 7 |a Impact investing  |2 nationallicence 
690 7 |a Social enterprise investment  |2 nationallicence 
690 7 |a Social finance  |2 nationallicence 
690 7 |a Social impact investment  |2 nationallicence 
690 7 |a Social investment  |2 nationallicence 
690 7 |a Socially responsible investment  |2 nationallicence 
690 7 |a SRI  |2 nationallicence 
690 7 |a BoP : Bottom of the Pyramid  |2 nationallicence 
690 7 |a CIC : Community Interest Company  |2 nationallicence 
690 7 |a CSR : Corporate social responsibility  |2 nationallicence 
690 7 |a ESG : Environmental, social, and governance  |2 nationallicence 
690 7 |a GIIN : Global Impact Investing Network  |2 nationallicence 
690 7 |a IRIS : Impact Reporting and Investment Standards  |2 nationallicence 
690 7 |a SRI : Socially responsible investment  |2 nationallicence 
700 1 |a Höchstädter  |D Anna  |u Universität Hamburg, Von-Melle-Park 9, 20146, Hamburg, Germany  |4 aut 
700 1 |a Scheck  |D Barbara  |u Universität Hamburg, Von-Melle-Park 9, 20146, Hamburg, Germany  |4 aut 
773 0 |t Journal of Business Ethics  |d Springer Netherlands  |g 132/2(2015-12-01), 449-475  |x 0167-4544  |q 132:2<449  |1 2015  |2 132  |o 10551 
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908 |D 1  |a research-article  |2 jats 
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950 |B NATIONALLICENCE  |P 700  |E 1-  |a Höchstädter  |D Anna  |u Universität Hamburg, Von-Melle-Park 9, 20146, Hamburg, Germany  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Scheck  |D Barbara  |u Universität Hamburg, Von-Melle-Park 9, 20146, Hamburg, Germany  |4 aut 
950 |B NATIONALLICENCE  |P 773  |E 0-  |t Journal of Business Ethics  |d Springer Netherlands  |g 132/2(2015-12-01), 449-475  |x 0167-4544  |q 132:2<449  |1 2015  |2 132  |o 10551