Foundations of Banking Origin and Social Rating Philosophy—A New Proposal for an Evaluation System
TLDR
In this paper, the authors apply a qualitative methodology to study Foundations of Banking Origin (FBOs), a specific category of foundation which is bound by law to work and expand the charity sector.Abstract:
Social impact investments represent a cultural revolution, as they offer the opportunity to pursue financial and social goals simultaneously. However, Social impact investing market configurations are not evolving equally across national contexts. Therefore, in different contexts, different actors may play the pivotal role to make social impact investments more attractive. The present work, by looking at the Italian context, applies a qualitative methodology to study Foundations of Banking Origin (FBOs). This is a specific category of foundation which is bound by law to work and expand the charity sector. It emerges that the role of these entities, inside the philanthropy system, should develop from “impact facilitators” to “impact generators” in promoting social initiatives. Furthermore, the work sustains the importance of introducing a social impact rating system as a formalized methodology to select and finance the worthiest social project. In this perspective, the definition of a clear social rating philosophy and its correct application in the rating system design and use is a necessary condition to increase the solidity of a social impact assessment model.read more
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References
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Finance as a Driver of Corporate Social Responsibility
TL;DR: In this article, the authors discuss the transmission mechanisms between finance and sustainability and find that there is no simple one-to-one relationship between financial development and sustainable development but there are various indirect linkages.
什么是"Social Entrepreneurship"(公益创业)
胡馨,美国杜克大学桑福德公共政策学院 +1 more
TL;DR: Familiarity, ease of access, trust, and awareness will all be important for the long-term future of the sector.
Book
Impact Investing: Transforming How We Make Money While Making a Difference
Antony Bugg-Levine,Jed Emerson +1 more
TL;DR: In this article, the authors argue that simply giving her money away cannot be the only way she can make a difference, so they redirects her assets into investments that preserve her wealth and also directly tackle problems of poverty and environmental degradation.
Journal ArticleDOI
What’s in a Name: An Analysis of Impact Investing Understandings by Academics and Practitioners
TL;DR: In this paper, the authors investigate a large number of academic and practitioner works, highlighting areas of similarity and inconsistency on three levels: definitional, terminological, and strategic, and reveal critical issues that need to be clarified to advance the field and increase its credibility.
Journal ArticleDOI
An Anatomy of Rating Through the Cycle
TL;DR: The authors used an asset-based model of default to derive rating characteristics if ratings are meant to look "through the cycle" as opposed to being based on the borrowers' current condition, and found that the stability of through-the-cycle ratings is higher than that of their current-condition counterparts, and their correlation with actual default probabilities is relatively low.