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Impact investment as a new investment class

Author

Listed:
  • Falkowski Michał
  • Wiśniewski Piotr

    (Warsaw School of Economics)

Abstract

Impact investment has emerged as a socially aware response to contemporary socioeconomic challenges. The combined pursuit of investment efficiency with proactive furtherance of socially beneficial goals appears particularly relevant in an era of recurring risk aversion, capital volatility and stringency in public funding. This study sums up the early evidence of impact investment: its origins, philosophy, taxonomyand evolution. The key research dilemma addressed herein boils down to whether impact investment will transpire as a distinctive class of institutional financial management. The social arguments for its expansion are undisputable, however, to succeed in the long term impact investment will have to enhance its internal organisation and classification, improve reporting transparency and ensure lasting commitments from governments, international organisations and private contributors.

Suggested Citation

  • Falkowski Michał & Wiśniewski Piotr, 2013. "Impact investment as a new investment class," Review of Business and Economics Studies, CyberLeninka;Федеральное государственное образовательное бюджетное учреждение высшего профессионального образования «Финансовый университет при Правительстве Российской Федерации» (Финансовый университет), issue 1, pages 78-88.
  • Handle: RePEc:scn:031730:14459020
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