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Priming the pump of impact entrepreneurship and social finance in China

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  • Xiangping Jia

    (Chinese Academy of Agricultural Sciences)

Abstract

In recent years, a significant revolution has begun in social entrepreneurship, with public funding organizations and private investors beginning to pursue social purpose. At the heart of the revolution is the ambition of these entities to use innovation and entrepreneurship to sustain and scale impacts in support of social and environmental objectives. This article provides a framework that conceptualizes social innovation and finance as a multi-level and evolving complex system. Two trajectories of transformation, niche-regime and within-regime, are used to frame a broad range of examples of impact entrepreneurship and social financing. Social finance is viewed as the key to release the ‘lock-in’ of social innovation, as it is able to gather and coordinate capital, resources, knowledge and ability. Using meta-analysis, the article explores the characteristics, dynamics and ecosystem of social innovation, impact entrepreneurship in China. The study maps the landscape of social finance in China and estimates there are untapped social finance opportunities worth from US$93 to US$208 billion.

Suggested Citation

  • Xiangping Jia, 2020. "Priming the pump of impact entrepreneurship and social finance in China," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 37(4), pages 1293-1311, December.
    • Handle: RePEc:spr:agrhuv:v:37:y:2020:i:4:d:10.1007_s10460-020-10130-9
    DOI: 10.1007/s10460-020-10130-9
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    2. Hong Xu & Baozhen Liu & Kai Lin & Yunyun Zhang & Bei Liu & Mingjie Xie, 2022. "Towards Carbon Neutrality: Carbon Emission Performance of Science and Technology Finance Policy," IJERPH, MDPI, vol. 19(24), pages 1-22, December.

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