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Einige Ausrutscher: Die Herausforderung des Impacts als Grenzobjekt in sozialen Finanzleistungen
[journal article]

dc.contributor.authorBarman, Emilyde
dc.date.accessioned2020-07-03T10:27:41Z
dc.date.available2020-12-16T00:00:03Z
dc.date.issued2020de
dc.identifier.issn0172-6404de
dc.identifier.urihttps://www.ssoar.info/ssoar/handle/document/68220
dc.description.abstractThis article considers the construction of the market of Impact Investing – financial investment with the intentional pursuit of “impact” alongside financial return – as one case of the broader turn to Social Finance. Impact Investing is championed by proponents for its ability to provide a sustainable and scalable market-based solution to societal and environmental problems, in contrast to the limited efforts of government and civil society. This article delineates the work of the market maker who motivated the construction of a judgment device to address the issue of quality uncertainty in this new market. I offer a genealogy of this rating system for firms as potential impact investments, showing that it was commissioned by proponents of Impact Investing who, having first engaged in boundary work to distinguish Impact Investing from other spaces of Social Finance, then sought to appeal to traditional investors by mimicking the calculative tools used in traditional capital markets. Yet, the adaptation of a financial rating system to the new field was complicated by the multivocal status of “impact” as a boundary object involving multiple, disparate actors committed to the common project of creating a judgement device for impact investment yet diverging on the question of how impact was to be created by businesses and for whose benefit. The result was a slippage between the conception of impact espoused by the market maker of Impact Investing and the type of impact gauged by the rating system itself, with likely reactive effects for impact investors and investees. I conclude by positing that the development of suitable judgement devices that capture and communicate the impact of socially or environmentally oriented financial activity is one critical yet understudied condition for the ability of social finance markets to achieve their promise.de
dc.languageende
dc.subject.ddcWirtschaftde
dc.subject.ddcEconomicsen
dc.subject.otherJudgement devices; boundary work; boundary object; impact investing; social finance; United Statesde
dc.titleMany a Slip: The Challenge of Impact as Boundary Object in Social Financede
dc.title.alternativeEinige Ausrutscher: Die Herausforderung des Impacts als Grenzobjekt in sozialen Finanzleistungende
dc.description.reviewbegutachtet (peer reviewed)de
dc.description.reviewpeer revieweden
dc.source.journalHistorical Social Research
dc.source.volume45de
dc.publisher.countryDEU
dc.source.issue3de
dc.subject.classozVolkswirtschaftstheoriede
dc.subject.classozNational Economyen
dc.subject.thesozFinanzdienstleistungde
dc.subject.thesozfinancial serviceen
dc.subject.thesozUSAde
dc.subject.thesozUnited States of Americaen
dc.subject.thesozsoziale Verantwortungde
dc.subject.thesozsocial responsibilityen
dc.subject.thesozRatingde
dc.subject.thesozratingen
dc.subject.thesozMarktstellungde
dc.subject.thesozmarket positionen
dc.subject.thesozInvestitionde
dc.subject.thesozinvestmenten
dc.subject.thesozBereitschaftde
dc.subject.thesozdispositionen
dc.subject.thesozFinanzwirtschaftde
dc.subject.thesozfinanceen
dc.subject.thesozBeurteilungskriteriumde
dc.subject.thesozassessment criteriaen
dc.subject.thesozCorporate Social Responsibilityde
dc.subject.thesozcorporate social responibilityen
dc.rights.licenceCreative Commons - Namensnennung 4.0de
dc.rights.licenceCreative Commons - Attribution 4.0en
ssoar.contributor.institutionGESISde
internal.statusnoch nicht fertig erschlossende
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dc.type.stockarticlede
dc.type.documentZeitschriftenartikelde
dc.type.documentjournal articleen
dc.source.pageinfo31-52de
internal.identifier.classoz1090301
internal.identifier.journal152
internal.identifier.document32
internal.identifier.ddc330
dc.identifier.doihttps://doi.org/10.12759/hsr.45.2020.3.31-52de
dc.description.pubstatusVeröffentlichungsversionde
dc.description.pubstatusPublished Versionen
internal.identifier.licence16
internal.identifier.pubstatus1
internal.identifier.review1
dc.subject.classhort30300de
dc.subject.classhort10200de
internal.embargo.terms2020-12-16
internal.pdf.wellformedtrue
internal.pdf.encryptedfalse
ssoar.urn.registrationfalsede


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