Social finance

Emerson, Jed

doi:10.1093/acprof:oso/9780198703761.003.0001

Cited by 42 publications

(48 citation statements)

References 1 publication

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“…In order to shed light on these open problems, some works are focusing on SIBs' practices to better understand risks (or uncertainty) related to SIBs' contractual schemes and social and financial features [1,5,16]. In the light of the social impact investing approaches, a constant focus on social risk (rather than on other risks) certainly favors a more effective social finance capital allocation and reminds us that the first purpose of social finance is to bring about maximum social change rather than to make money ( [33], p. 308).…”

Section: Social Impact Bonds and Social Uncertainty: Setting The Contextmentioning

confidence: 99%

Social Uncertainty Evaluation of Social Impact Bonds: A Model and Practical Application

et al. 2020

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In the last years, Social Impact Bonds (SIBs) have gained popularity in the impact investing space. A number of scholars and practitioners are debating—in theory and practice—the opportunities, challenges and obstacles of these financial models. Amongst others, social uncertainty evaluation metrics appear as a critical factor for the future development of the SIB market. The present work aims to shed some light on this issue, by realizing a practical application of a model—which is an extension of a framework previously proposed—for social uncertainty evaluation in SIBs. In our exploratory analysis, 34 SIBs were selected for the empirical tests. We combined the Analytic Hierarchical Process (AHP) with the creation of aggregate measure, deriving by suitable indicators at the end of the tree. Our findings open new avenues for future research in the field of uncertainty factors in the SIB landscape. Finally, our results represent a basis for implementing a prediction model for social uncertainty evaluation.

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Section: Social Impact Bonds and Social Uncertainty: Setting The Contextmentioning

confidence: 99%

Social Uncertainty Evaluation of Social Impact Bonds: A Model and Practical Application

et al. 2020

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“…There is always unclear definition on SII. Some may easily associate SII with the following names: socially responsible investing, social investing, mission-driven investing, sustainable and responsible investing, value-based investing, ethical investing, responsible investing or social finance [13][14][15]. Previous studies show that, despite less clear definition on SII, academics and practitioners generally accept that SII aims to generate financial returns plus non-financial impact including social, environmental or cultural impact.…”

Section: Funding For Social Goods: For-profit Vs Non-for-profitmentioning

confidence: 99%

Social Impact Investing for Marginalized Communities in Hong Kong: Cases and Issues

Wong

Yap

2019

Sustainability

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This paper documents three business cases of social impact investing (SII) for marginalized communities in Hong Kong. Target stakeholders of the cases include displaced old tailors, elderly and wheelchair-bound people, and single-parent families. They are all privately-owned and profit-driven entities with their own social missions. Information on the cases is collected from structured interviews and meetings with their founders and stakeholders. The paper further discusses general issues of SII in Hong Kong and possible mechanisms to support SII development. Tax exemption for investors and donors, related government subsidy schemes, certification on social impacts, and establishment of social impact funds would help SII business thrive in the future.

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“…The social role of the company is a plan functioning to carry out the balance principle of a business. "Common view is that social enterprises are market-based ventures that are financial success balance with social purpose but are nonetheless financed by income earned in the private marketplace" (Nicholls, Paton, & Emerson, 2015). The purpose of the company is not only financial gain but also social goals.…”

Section: Philanthropymentioning

confidence: 99%

Philanthropy of Islamic Banking: a Strategy in Strengthening the Economic Growth and Prosperity

Asiyah

Nasir

Ahsan

2019

SJEKI

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Islamic banking has philanthropy values presented in zakat and other virtue funds as it aims at enhancing economic growth and prosperity. These philanthropy instruments are one of the differences between Islamic banks and conventional banks. However, the role of zakat and other funds in enhancing people’s welfare needs to be analyzed since the market share of Islamic banks is still growing slowly. This paper is intended to analyze the influence of zakat and the other virtue funds towards the realization of social welfare. In specific, this paper also intends to find a strategy for strengthening welfare through the role of philanthropy of Islamic banks. This study utilizes a quantitative approach that is analyzed using the Spearman correlation test. The results of the paper are: first, zakat has no significant correlation on welfare; second, other virtue funds have a significant correlation with welfare. The strategy proposed is to empower zakat collection agencies funds and establish channeling that link to Islamic banks so that the productive zakat allocation can be managed by Islamic bank customers.==============================================================================================Filantropi Perbankan Syariah: Suatu Strategi dalam Penguatan Pertumbuhan Ekonomi dan Kesejahteraan. Bank syariah memiliki nilai filantropi dalam zakat dan dana kebajikan lainnya dimana instrumen tersebut bertujuan untuk meningkatkan pertumbuhan ekonomi dan kemakmuran masyarakat. Instrumen ini merupakan salah satu yang membedakan antara bank konvensional dengan bank syariah. Akan tetapi, sejauhmana peran zakat dan instrumen filantropi dalam meningkatkan kesejahteraan masyarakat masih harus dianalisis lebih lanjut mengingat pertumbuhan market share dari bank syariah masih sangat rendah. Paper ini bertujuan untuk menganalisis pengaruh zakat dan dana kebajikan lainnya terhadap terwujudnya kesejahteraan masyarakat. Paper ini sekaligus bermaksud menemukan suatu strategi dalam penguatan kesejahteraan melalui peran sosial finance bank syariah. Paper ini ditulis dengan pendekatan kuantitatif yang dianalisis dengan spearman correlation test. Hasil kajian menunjukkan bahwa: pertama, zakat memiliki korelasi yang tidak signifikan terhadap kesejahteraan; kedua, dana kebajikan memiliki korelasi yang signifikan terhadap kesejahteraan. Adapun strategi penguatan yang perlu dilakukan adalah meningkatkan alokasi dana zakat kepada lembaga amil zakat dan membangun chaneling dengan bank syariah agar alokasi zakat produktif dapat dikelola oleh nasabah bank syariah.

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Social finance

Cited by 42 publications

References 1 publication

Social Uncertainty Evaluation of Social Impact Bonds: A Model and Practical Application

Social Uncertainty Evaluation of Social Impact Bonds: A Model and Practical Application

Social Impact Investing for Marginalized Communities in Hong Kong: Cases and Issues

Philanthropy of Islamic Banking: a Strategy in Strengthening the Economic Growth and Prosperity

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