IDEAS home Printed from
   My bibliography  Save this article

Impact investment as a new investment class


  • Falkowski Michał
  • Wiśniewski Piotr

    (Warsaw School of Economics)


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

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:scn:031730:14459020. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CyberLeninka). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.