Varieties of Impact Investing Creating and Translating a Label in Local Contexts
Available open access digitally under CC-BY-NC-ND licence. A new trend in ethical finance, impact investing aims to generate positive social or environmental impacts alongside financial returns. But what does it really mean and how is it practiced across different regions and organizations? This vol...
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| Main Authors: | , , |
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| Format: | eBook |
| Language: | English |
| Published: |
Bristol
Bristol University Press
2025
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| Edition: | 1 |
| Series: | Business, Finance and International Development |
| Subjects: | |
| ISBN: | 9781529238167, 1529238161, 1529252563, 9781529252569, 152923817X, 1529238188, 9781529238181, 9781529238174 |
| Online Access: | Get full text |
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Table of Contents:
- 4 Capitalizing on Capitalism: How Impact Investing in Geneva Emerged among the Traditional Financial Field -- 1. Introduction -- 2. Data and methods -- 3. Empirical analysis -- 3.1 Before impact: the emergence of a microfinance field among Geneva traditional finance -- 3.2 From microfinance to impact investing: relabelling and expanding -- The relabelling phenomenon: how a field frame gets transformed -- Schisms within microfinance firms: beyond microfinance practices -- Diversification through newcomers: dynamics of the impact investment field -- 4. Conclusion -- References -- 5 Impact Investing and the Politics of Leverage: Towards a Meso-level Perspective on Derisking -- 1. Introduction -- 2. From derisking to the politics of leverage -- 3. Labour governments: making the turn to finance politically beneficial -- 4. Cameron governments and the turn to leverage -- 5. The demise of SII policy post-Brexit -- 6. Discussion and conclusion -- Appendix -- References -- 6 Social Impact Investing in Italy: A Case of Weak Financialization of Welfare? -- Introduction: Social impact investing in Italy -- Defining financialization: strong vs weak or fast vs slow? -- SII in Italy: a state of the art -- SII in Italy 2013-23: three phases -- 2013-16: Great expectations and the 'landing' of a new policy -- 2017-18: The landing of a mobile policy -- 2019-23: The mire of implementation -- Tentative conclusions and directions for future research -- References -- 7 Balancing Risks and Outcomes in Colombia's First Social Impact Bond: Empleando Futuro -- Understanding risk in Social Impact Bonds -- The Social Impact Bond Empleando Futuro -- Risks between commissioners and investors -- Intermediaries as risk managers -- Monitoring for performance -- Measured outcomes and lived experiences -- Conclusion -- Acknowledgements -- References
- Front Cover -- Half Title -- Series Information -- VARIETIES OF IMPACT INVESTING: Creating and Translating a Label in Local Contexts -- Copyright Page -- Table of Contents -- Series Editors' Preface -- List of Figures and Tables -- Notes on Contributors -- 1 Introduction: Labelling and Enacting Impact Investing across Contexts -- The grand idea of impact investing -- Impact investing as a boundary-blurring practice -- How a label is created across contexts -- The enactment of impact investment -- Power in the labelling and enacting of impact investment -- References -- Part I Translating the Impact Label into National and Transnational Contexts -- 2 Impact Investing and Philanthropy in the Global South: Innovative Finance at the Aga Khan Development Network -- Locating the AKDN: activities, scale and funding -- Philanthropic impact investing in the international development sector -- The AKDN in context: history and early vision of impact investing -- The AKFED: impact investing at the AKDN -- Conclusion -- References -- 3 Socio-genesis of the Impact Investing World in France -- 1. Introduction -- 2. Methodology -- 2.1. Choice of fieldwork based on Twitter activity -- Rationale -- Potential and limitations -- Other sources -- 2.2. Data collection -- Global Dataset -- Geographical tagging -- French Dataset -- 3. The social world of impact investing, as seen from Twitter -- 3.1. Growth of the French impact investing world -- Activity evolution -- Evolution of links to the international II world -- 3.2. Composition of the French impact investing world -- 4. Transformation of the French impact investing world -- 4.1. History of the involvement of different types of actors -- 4.2. Interactions between actors -- 4.3. Shift in the understanding of impact investing -- 5. Conclusion -- Acknowledgements -- References
- Part II Enacting Impact in Investment Practices -- 8 Implementing 'Impact' in Rural Ghana: Negotiating Meanings and Shifting Interpretations -- 1. Introduction -- 2. Defining impact: shifting concepts and understandings -- 3. Implementing impact: the challenges on the ground -- 3.1. Environmental impact -- 3.2. Economic impact -- 3.3. Gender impact -- 4. Searching for impact? -- Conclusions -- Acknowledgement -- References -- 9 Relational Work and Power in an Emerging Market: Local Understandings of Impact Investing in Nigeria -- Introduction -- Setting and situated institutions -- Aligning social relations, expectations and mediums -- Initiation of the investor-investee relationship -- Investment as partnership -- Agreements and combination of mediums -- Mismatches and frictions -- Relational mismatch -- Impact measurement -- Creation of hidden costs -- Concluding remarks -- Acknowledgements -- Research support -- References -- 10 The Impact of Ignorance: Sustaining Impact Investing's Fictional Expectations -- 1. Introduction -- 2. Impact investing, imagined futures and institutionalized ignorance -- 3. Data collection and analysis -- Data collection -- Data analysis -- 4. Findings -- The promise -- 'We rarely get to impact measures' -- 'A randomized impact study is not within our reach' -- Justifying the discrepancy between measurements and promise -- 5. Discussion -- 6. Conclusion -- References -- 11 Conclusion: Towards a Theorization of Varieties of Impact Investing -- Introduction -- Varieties of impact investing: from conceptualization to empirics -- The necessity of impact investors: the case of label creation -- Managing and distributing impact investments: the case of label enactment -- Moving forward -- References -- Index