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- handle: 10670/1.ryuwq9
- halshs: halshs-01717992
- doi: 10.1016/j.ribaf.2018.01.001
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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.ribaf.2018.01.001
info:eu-repo/semantics/OpenAccess
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Jean-Laurent Viviani et al., « Performance of impact investing: A value creation approach », HAL-SHS : droit et gestion, ID : 10.1016/j.ribaf.2018.01.001
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The purpose of this article is to present an overview about the origins of value creation in impact investing and propose a measure of value creation. According to this point of view, impact investing, i.e. investing in enterprises with a both social and financial objective can be justified only if those enterprises can provide for a higher performance than with a simple portfolio diversification (separate investment in two types of activity). After an overview about the sources of value creation in impact investees as well as about a discussion on existing methods, we propose a method to measure multidimensional value creation.