alex nicholls, social investment,tsrc esrc nesta, 27 nov 2012
TRANSCRIPT
The Social Investor Landscape
Dr Alex Nicholls MBA
University Lecturer in Social Entrepreneurship
Fellow of Harris Manchester College
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Impact Investing
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New Market Creation
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Policy
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Innovation
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International Interest
Social Innovation Social Innovation FundFund
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Social Innovation FundSocial Innovation Fund
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Investor Perspectives
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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
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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
debatePharoah and Nicholls (2007)
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Institutional Logics
• Value Creation• Financial• Blended• Purely Social/Environmental
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Value Creation
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Value Creation
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Investor Rationalities• Instrumental (zweckrational)• Systemic• Values-Driven (wertrational)
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Social Finance Markets