Presentation by Alex Nicholls, SAID Business School

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The Social Investor Landscape
Dr Alex Nicholls MBA
University Lecturer in Social
Entrepreneurship
Fellow of Harris Manchester College
[email protected]
Impact Investing
2
New Market Creation
3
Policy
Investing
in Social
Enterprise:
the role
of tax
incentives
By
By Vince
Vince Heaney
Heaney
Additional
Additional research:
research: Katie
Katie Hill
Hill
CSFI
Centre for the Study of
Financial Innovation
4
Innovation
5
International Interest
6
Social Innovation Fund
7
Social Innovation Fund
8
Investor Perspectives
9
Social Finance
Any flows of capital that start-up, sustain, or
grow individual, group, organizational, or
sectoral action aimed primarily at generating
social and/or environmental value, often in the
form of new public goods or additional positive
externalities
10
Social Finance
Social finance, therefore, is more than just the flow
of money into social or environmental projects. It is
conceived as an ethos about the way money is
used…social finance can be seen as the discourse
around such flows that is developing in concrete
terms in the new institutions of supply,
intermediation, and demand. This is a discourse in
flux with competing perspectives driving the debate
Pharoah and Nicholls (2007)
11
Institutional Logics
• Value Creation
• Financial
• Blended
• Purely Social/Environmental
12
Value Creation
13
Value Creation
14
Investor Rationalities
• Instrumental (zweckrational)
• Systemic
• Values-Driven (wertrational)
15
Social Finance Markets
16
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