Research Agenda for Social Finance

Edited by Othmar M. Lehner, Professor and Director, Centre for Accounting, Finance and Governance, Hanken School of Economics, Finland

• Contents:Introduction to A Research Agenda for Social Finance 1Othmar M. Lehner1 Exploring impact investing’s emergence in thephilanthropic sector 1Jessica Jones and Elizabeth Embry2 A ladder to nowhere? A research agenda forfunding social enterprise 27J. Howard Kucher3 Financing a sustainable planet: research agendafor impact investing in the renewable energysector from an identity-based view 45Tongyu Meng and Jamie Newth4 Market infrastructure for social ventures 69Vanina A. Farber and Patrick Reichert5 The best of both worlds? Impact investorsand their role in the financial versus socialperformance debate 91Sergio G. Lazzarini, Sandro Cabral, LeandroS. Pongeluppe, Luciana C. de M. Ferreira andAngelica Rotondaro6 Challenges for social impact measurement in thenon-profit sector 119Ericka Costa7 At the intersection of financial and non-financialaccounting impact measurements 145Caterina Pesci and Andrea Girardi8 The banking sector and the SDGs:interconnections and future directions 167Olaf Weber9 Financial sustainability conscientiousness 191Julia M. Puaschunder10 Social impact bonds: challenges and success 215Eleonora Broccardo and Maria MazzucaIndex

'A Research Agenda for Social Finance offers a comprehensive look at the goals and challenges of social finance. The volume covers every field of social finance, from philanthropy, government, and other not-for-profit sectors to profit-conscious impact investing. Chapters on renewable energy, the banking sector, and social impact bonds highlight some of the most ambitious implementations of social finance. Methodologically diverse and breathtaking in its scope, this volume defines the state of knowledge on social finance. This book identifies fruitful directions that social finance might pursue in hopes of enlightening and securing a more humane, environmentally sustainable future.'