Journal ArticleDOI
The Global Epicenter of Impact Investing: An Analysis of Social Venture Investments in India
TLDR
In this article, the authors provided a perspective of social venture investments in India based on an analysis of 523 deals in 212 companies, which indicated that venture funding for social enterprises had several distinctive characteristics such as smaller investment sizes, early stage investing, and longer investment duration, indicating the need for more active contributions and value addition from the investors.Abstract:
Venture funding for social enterprises has seen significant growth in the first decade of the 21st century. Using the traditional approaches of venture investing in social enterprises to create positive social impact while simultaneously achieving financial returns has been intuitively appealing. India has emerged as one of the largest marketplaces for social venture investing. This article provides a perspective of social venture investments in India based on an analysis of 523 deals in 212 companies. The results indicated that venture funding for social enterprises had several distinctive characteristics such as smaller investment sizes, early stage investing, and longer investment duration. Financial inclusion has been the main investment thesis, as evidenced by the large number of investments in microfinance companies. Most investments were in companies that facilitated consumption at the base of the pyramid segment, rather than in companies that created income and employment opportunities. Creation of dedicated social venture funds would benefit the sector, as such funds made more investments as compared to mainstream venture funds. Evidence from the microfinance industry showed that the scale of the investee company was one of the important criteria for investment. Performance parameters of microfinance companies that had venture investment did not significantly vary from those that were not venture funded, indicating the need for more active contributions and value addition from the investors.read more
Citations
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Impact investing: review and research agenda
Anirudh Agrawal,Kai Hockerts +1 more
TL;DR: In the last few years, the investment in impact investing has grown many folds, however, the research has not kept pace with the growing pace of impact investing as discussed by the authors, which is an emerging alternative asset class.
Journal ArticleDOI
Past, present, and future of sustainable finance: insights from big data analytics through machine learning of scholarly research
TL;DR: In this paper , a review of sustainable finance research using big data analytics through machine learning of scholarly research is presented, where the most influential articles and top contributing journals, authors, institutions, and countries, as well as the methodological choices and research contexts are unpacked.
Journal ArticleDOI
Corporate social entrepreneurship in India
TL;DR: In this article, the authors analyzed how corporations create social and economic value through corporate social entrepreneurial activities and proposed an integrated model of CSE in the Indian context and outlined how corporations can draw implicit and explicit benefits.
Journal ArticleDOI
The social impact investment race: toward an interpretative framework
TL;DR: In this paper, the authors developed an interpretative framework of the evolution of social impact investment (SII) in different countries, and identified the main themes connected to the topic of SII development and recognized four main elements useful to segment the market, namely, information asymmetry, financial instruments, source of capital and market intermediation.
Journal ArticleDOI
Impact Investing Strategy: Managing Conflicts between Impact Investor and Investee Social Enterprise
Anirudh Agrawal,Kai Hockerts +1 more
TL;DR: In this paper, a case-based study of impact investing and social enterprises is presented, which shows that social mission plays an important moderating role in the inter-organizational relationship between the impact investor and the investee social enterprise, and an emphasis on due diligence, sector specialization, and communication increases the likelihood of investment.
References
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Journal ArticleDOI
The Tigers and Their Stripes: Types of VC Firms and Their Investment Patterns in India
TL;DR: In this paper, a life cycle analysis of the VC and private equity industry in India is performed using data from 2004-2008, and the authors find that a large proportion of the deals are Round 1 investments, with a dramatic drop in subsequent rounds.
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