Social Impact Investing

undergraduate thesis

• Author: Lucijan Vranić
• Mentor: Mislav Ante Omazić (mentor)
• Granter: University of Zagreb; Faculty of Economics and Business; Zagreb
• Defense date and country: 2020-09-23, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics

Abstract

We have reached a critical point in our development. The new and emerging branch of impact investing has started to make waves in the mainstream economic community. Many argue that it will be a focal point in reaching integrated sustainability. Although impact investing can not replace the core of the public sector, the idea of profit seeking investments that will generate social and environmental returns is appealing even to mainstream investors. Through innovation of the sector and new alternatives, new types of bonds and securities have emerged which aim to efficiently share private and public capital to engage solving social and economic issues at a global, governmental or local stage. For this to be possible, a proper framework has to be set for all the participants to have a clear understanding of the market. Proper metrics for this type of investing are non existent, which is why there is a common concern of how social impact investments are measured. However, it presents a great opportunity as the industry will mature, understanding of them will expand, offering will be more specialised and the professionals of the industry will be more skilled.

Abstract (croatian)

Došli smo do kritične točke u svom razvoju. Utjecajno ulaganje je nova grana, koja je u nastajanju, te je počela je stvarati valove u mainstream ekonomskoj zajednici. Mnogi tvrde da će to biti središnja točka u postizanju integrirane održivosti. Iako utjecajno ulaganje ne može zamijeniti srž javnog sektora, ideja ulaganja koja traže dobit koja će generirati društveni i ekološki povrat privlačna je čak i mainstream investitorima. Kroz inovacije u sektoru i nove alternative pojavile su se nove vrste obveznica i vrijednosnih papira kojima je cilj učinkovito dijeliti privatni i javni kapital radi rješavanja socijalnih i ekonomskih pitanja na globalnoj, državnoj ili lokalnoj razini. Da bi to bilo moguće, mora se postaviti odgovarajući okvir kako bi svi sudionici imali jasno razumijevanje tržišta. Ne postoje odgovarajuće metričke vrijednosti za ovu vrstu ulaganja, zbog čega postoji zajedničko pitanje o tome kako se mjere ulaganja s društvenim utjecajem. Međutim, to predstavlja izvrsnu priliku. Kako će industrija sazrijevati, njihovo će se razumijevanje širiti, ponuda će biti specijaliziranija, a profesionalci u industriji bit će vještiji.

• Keywords: social impact investing; Impact investing; investing; social; social impact bonds; impact bonds; environment; bonds; social finance; green bonds; Climate-aligned bonds; Blue bonds
• Keywords (croatian): održivost; Ulaganje s društvenim utjecajem; Utjecajno ulaganje; ulaganje; socijalni; obveznice za socijalni utjecaj; okoliš; obveznice; socijalne financije; zelene obveznice; Klimatski usklađene obveznice; Plave obveznice
• Language: english
• URN:NBN: urn:nbn:hr:148:499861
• Study programme: Title: Business Economics in English; Study programme type: university; Study level: undergraduate; Academic / professional title: sveučilišni/a prvostupnik/ prvostupnica(baccalaureus/ baccalaurea) ekonomije (sveučilišni/a prvostupnik/ prvostupnica(baccalaureus/ baccalaurea) ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Access restricted to students and staff of home institution
• Created on: 2020-09-24 16:41:24