This book examines funding platforms for impact investing known as social stock exchanges (SSE) and ways to approach impact investing at regulated traditional exchanges. The book analyses the antecedents and prerequisites for the successful implementation of SSEs. It presents the creation of SSEs as a necessary step towards a more democratic and popular impact investing market, and a way to align the asset search process for investors with capital access for entrepreneurs. It also analyses the installation of impact investing at traditional stock exchanges drawing from Green Bonds and Social Bonds.
The book showcases successful financial structuring, integrating impact into existing financial products. It discusses standalone impact solutions, the status quo of impact investing, social entrepreneurship and the pros and cons of platforms versus the use of traditional stock exchanges for impact investing. It highlights aspects of adjusted portfolio and product structuring, innovation in the context of listing criteria and makes proposals for impact stock listings at platforms and traditional stock exchanges.
Author(s): Karen Wendt
Series: Sustainable Finance
Publisher: Springer
Year: 2022
Language: English
Pages: 109
City: Cham
About the Book
Contents
Chapter 1: Introductions
1.1 Research Design
Chapter 2: Literature Review
2.1 Concepts of Sustainability
Viable Systems Model
2.2 The Emerging Role of Taxonomies
The EU Action Plan for Sustainable Growth and the EU Taxonomy
Asian Taxonomies: China, Malaysia, Singapore and others
2.3 Impact Investing Versus ESG Approaches
2.4 The Perceived Need of Impact Stock Exchanges or Social Stock Exchanges
2.5 The Current State of SSEs and ISEs
2.6 Review of Scientific Literature And Practitioners´ View on SSEs
Mapping the Functions of SSEs
Practitioners´ View on Social Stock Exchanges/Impact Stock Exchanges
Academic View on Social Stock Exchanges/Impact Stock Exchanges
2.7 Impact Investing
Addressing the Inconsistencies of Impact Investing
Definitions of Impact Investing
2.8 Assessing Impact Investment Practices: Tools, Frameworks and Databases
2.9 Conclusions on Impact Investing and Its Problematic for Stock Exchanges
2.10 Existing Product Structures with Impact Used at SSEs or in the Traditional Stock and Bonds Markets
2.11 Social Entrepreneurship and Social Economy Finance
2.12 Green Bonds
Conclusions and Learning When Contrasting Green Bonds to Impact Assets
2.13 Social Impact Bonds
Chapter 3: Traditional Stock Exchanges
3.1 Functions of Stock Exchanges
3.2 Comparing Traditional Markets Key Determinants with the SSEs
3.3 Blueprinting Social Stock Exchanges
3.4 Social Stock Exchanges and Their Challenges
Chapter 4: Critical analysis and Prognosis on the Development of SSEs
4.1 Prognosis on the Development of SSEs
4.2 Recommendations for an Ecosystems Approach of SSEs
4.3 Outlook
Chapter 5: Conclusions and Limitations
References
References Sustainability
Internet Sources
Social Stock Exchanges
Impact Investing
Internet Sources
Stock Exchanges
Taxonomies
Blueprinting SSEs
Social Entrepreneurship
