caa a22 4500 605486433 CHVBK 20210128100445.0 cr unu---uuuuu 210128e20151201xx s 000 0 eng 10.1007/s10551-014-2327-0 doi (NATIONALLICENCE)springer-10.1007/s10551-014-2327-0 What's in a Name: An Analysis of Impact Investing Understandings by Academics and Practitioners [Elektronische Daten] [Anna Höchstädter, Barbara Scheck] 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. Springer Science+Business Media Dordrecht, 2014 Impact investing nationallicence Social enterprise investment nationallicence Social finance nationallicence Social impact investment nationallicence Social investment nationallicence Socially responsible investment nationallicence SRI nationallicence BoP : Bottom of the Pyramid nationallicence CIC : Community Interest Company nationallicence CSR : Corporate social responsibility nationallicence ESG : Environmental, social, and governance nationallicence GIIN : Global Impact Investing Network nationallicence IRIS : Impact Reporting and Investment Standards nationallicence SRI : Socially responsible investment nationallicence Höchstädter Anna Universität Hamburg, Von-Melle-Park 9, 20146, Hamburg, Germany aut Scheck Barbara Universität Hamburg, Von-Melle-Park 9, 20146, Hamburg, Germany aut Journal of Business Ethics Springer Netherlands 132/2(2015-12-01), 449-475 0167-4544 132:2<449 2015 132 10551 https://doi.org/10.1007/s10551-014-2327-0 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10551-014-2327-0 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Höchstädter Anna Universität Hamburg, Von-Melle-Park 9, 20146, Hamburg, Germany aut NATIONALLICENCE 700 1- Scheck Barbara Universität Hamburg, Von-Melle-Park 9, 20146, Hamburg, Germany aut NATIONALLICENCE 773 0- Journal of Business Ethics Springer Netherlands 132/2(2015-12-01), 449-475 0167-4544 132:2<449 2015 132 10551