Social Risk and Financial Returns: Evidences from Social Impact Bonds

2018 ◽  
pp. 47-68
Author(s):  
Elisabetta Scognamiglio ◽  
Alessandro Rizzello ◽  
Helen Chiappini
Keyword(s):  
Social Impact ◽  
Social Risk ◽  
Financial Returns ◽  
Social Impact Bonds

scholarly journals Inquiry into social impact investment for housing and homelessness outcomes

2018 ◽  
Author(s):  
Kristy Muir ◽  
Fabienne Michaux ◽  
Andrea Sharam ◽  
Paul Flatau ◽  
Ariella Meltzer ◽  
...  
Keyword(s):  
Social Impact ◽  
Social Enterprises ◽  
Housing Supply ◽  
Financial Returns ◽  
Goods And Services ◽  
Social Impact Bonds ◽  
Social Impact Investment

This research investigated Social impact investment (SII), which aims to generate and actively measure social and financial returns. There are several promising SII models—including housing supply bonds, property funds, funding social enterprises, social impact bonds and social impact loans. Effective SII requires suppliers of goods and services, intermediaries, suppliers of capital, government and beneficiaries to work together.

Payment by Results and Social Impact Bonds

2018 ◽  
Author(s):  
KEVIN ALBERTSON ◽  
CHRIS FOX ◽  
CHRIS O’LEARY ◽  
GARY PAINTER ◽  
KIMBERLY BAILEY ◽  
...  
Keyword(s):  
Social Impact ◽  
Social Impact Bonds

scholarly journals Preserving the Integrity of Social Impact Investing: Towards a Distinctive Implementation Strategy

2021 ◽  
Vol 13 (5) ◽  
pp. 2852
Author(s):  
Irene Bengo ◽  
Alice Borrello ◽  
Veronica Chiodo
Keyword(s):  
Asset Allocation ◽  
Implementation Strategy ◽  
Social Impact ◽  
Social Risk ◽  
Cultural Shift ◽  
Financial Return ◽  
Impact Investing ◽  
Top Managers ◽  
Specific Practice ◽  
Definition Of

Social impact investing (SII) is a strategy of asset allocation that aims to generate social and environmental impact alongside a financial return. Compared to other approaches of sustainable finance it holds an enormous potential of generating solutions to societal challenges. However, scholars have claimed that social impact often just employs logic upheld by the mainstream investment approach. Therefore, the paper investigates the assumption that SII has not developed a distinctive implementation strategy able to translate the prioritization of social impact into practice and how to overcome this issue. The thematic analysis of data collected through 105 interviews with Italian SII financiers and the top managers of social ventures allowed us to identify three features of an SII tailored practice: promoting a cultural shift of intermediaries, adopting a coopetition approach, and integrating the social impact in the terms of the financial transaction. Lastly, the paper drafts a research agenda to enhance the proper theorization of SII focusing on the definition of social risk, social return, and governance mechanisms. The key contribution of this article is confirming the lack of an SII-specific practice able to endogenize the intent of prioritizing social impact and providing suggestions to prevent the risk of impact washing.

scholarly journals CHANGES IN THE IMPACT ASSESSMENT FAMILY 2003–2014: IMPLICATIONS FOR CONSIDERING ACHIEVEMENTS, GAPS AND FUTURE DIRECTIONS

2015 ◽  
Vol 17 (01) ◽  
pp. 1550003 ◽  
Author(s):  
FRANK VANCLAY
Keyword(s):  
Risk Assessment ◽  
Impact Assessment ◽  
Social Impact ◽  
Public Involvement ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Fold Increase ◽  
Social Risk ◽  
Proportional Change ◽  
The Impact

Over 150 forms of impact assessment can be identified using Google searches, with several new forms appearing since 2003. Since then, the popularity of the various members of the impact assessment family has changed, partly in response to legislative and regulatory changes, and general trends in society. The information explosion and expansion of the internet has resulted in a 32 fold increase in the number of hits for "impact assessment", now over 12 million. The conventional methods most frequently mentioned in 2003 had relatively low proportional change over the last 10 years but remain amongst the most frequently mentioned in 2014: risk assessment, public participation, cost-benefit analysis, public involvement, environmental monitoring, and project evaluation. The terms with highest proportional change (i.e. the super-hot topics) were primarily social concerns, including: equality impact assessment, welfare impact assessment, mental health impact assessment, disability impact assessment, human impact assessment, social impact assessment, and social risk assessment. Other terms that had high proportional change included life cycle impact assessment. Information about the relative popularity of the various forms of impact assessment is used in this paper to discuss issues and trends in the broad field of impact assessment.

Social impact bonds and their implications for third sector organisations: experiences from the Netherlands

2021 ◽  
Author(s):  
Valentina Patetta ◽  
Marta Enciso Santocildes
Keyword(s):  
United States ◽  
The Netherlands ◽  
Social Impact ◽  
Third Sector ◽  
The United States ◽  
The United Kingdom ◽  
The Social ◽  
Private Investments ◽  
Social Impact Bonds ◽  
Third Sector Organisations

The social impact bond (SIB) is defined as a form of payment-by-results scheme combining governmental payments with private investments. This paper explores the motivations and implications of three third sector organisations (TSOs) participating in SIBs in Continental Europe. It offers an understanding of the involvement of TSOs in this type of scheme; and it shares insights about a context that is different from the United Kingdom and the United States – the Netherlands – which presents the opportunity to expand our knowledge about SIBs.

scholarly journals Scaffolding: Using Social Impact Assessment to Map Framework for Construction Stakeholders’ Engagement

2014 ◽  
Vol 32 ◽  
pp. 154-165
Author(s):  
Samuel Ekung ◽  
James Effiong
Keyword(s):  
Impact Assessment ◽  
Social Impact ◽  
Project Managers ◽  
Project Delivery ◽  
Social Risk ◽  
Monetary Incentives ◽  
Social Impact Assessment ◽  
Community Stakeholders ◽  
The Social ◽  
Industry Needs

Strategy to construction stakeholders’ engagement in Nigeria is anchored on environmental impact assessment (EIA) law. While EIA is conducted only in large projects, every project continues to witness one form of opposition or another from the community stakeholders. This study examined social impact assessment’s (SIA) procedures as a scaffold to mapping framework for construction stakeholders’ engagement. The objectives were to examine problems associated with the implementation of EIA which hitherto ought to address the social risk triggers in project delivery and to develop a framework embedded in SIA for construction stakeholders’ engagement in Nigeria. The study engaged a sample of 46 respondents comprising project managers, environmental management experts and community stakeholders in Akwa Ibom State, Nigeria in a qualitative structured interviewing. Collected data were sorted and analysed. The study reveals extant approach to stakeholders’ management failed as a result of low social context and impact mitigation are based on monetary incentives whereas there are relevant urgent needs to be satisfied. A framework integrating SIA procedures and construction stakeholder engagement strategy was also developed based on the peculiarity of the industry needs. The implication is that construction stakeholders’ management must be structured on satisfying real needs of the citizenry.

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