Denisov Sergey Alexseevich, Postgraduate student, Penza State University (40 Krasnaya street, Penza, Russia), Sirgey254@mail.ru
Dzhazovskaya Irena Nikolaevna, Candidate of economic sciences, associate professor, sub-department of economics and finances, Penza State University (40 Krasnaya street, Penza, Russia), firstname.lastname@example.org
Background. Recent rapid development of socially-oriented investment has led to the emergence of numerous terms with rather undefined differences between them, which make it difficult to conduct economic research. The aim of this work is to determine the main directions and forms of socially-oriented investments, to highlight their essential characteristics and differences.
Materials and methods. The research tasks were implemented through analyzing works by both foreign and Russian authors in the field of social investment, as well as considering practical aspects of application of the “impact investings” in the world. The methodological potential included a comparative analysis allowing to compare the contents and importance for the development of the theory and practice of social investment.
Results. The authors investigated the development of various concepts in the field of social investment in the world and highlighted the essential features of concepts that solve social problems.
Conclusions. The results of the analysis can be used to identify investment project classes, to develop socio-economic programs, to determine assessment methods and project financing ways.
investing, government, business, social investing, socially responsible investing, public-private partnership
1. Harji K., Jackson E. T. Accelerating Impact: Achievements, Challenges and What’s Next in Building the Impact Investing Industry. The Rockefeller Foundation, New York City, New York, 2012, 86 p. Available at: https://assets.rockefellerfoundation.org/app/ uploads/20150904105728/ Impact-Investing-Scan -Report-2012. pdf (accessed March 21, 2017).
2. Eccles R. G., Ioannou I., Serafeim G. The Impact of a Corporate Culture of Sustainability on Corporate Behavior and Performance. Harvard Business School Working Paper. March, 2012, 37 p. Available at: http://www.nber.org/papers/w17950.pdf (accessed March 21, 2017).
3. Global Impact Investing Network. Available at: https://thegiin.org/impact-investing/ (accessed March 21, 2017).
4. Korporativnaya sotsial'naya otvetstvennost': ucheb. [Corporative social responsibility: textbook]. Ed. by I. Yu. Belyaeva, M. A. Eskindarova. Moscow: KNORUS, 2016, 320 p.
5. Yakimets V. N. Sotsial'nye investitsii rossiyskogo biznesa: mekhanizmy, primery, problemy, perspektivy [Social investing of Russian business: mechanisms, examples, problems, prospects]. Moscow: KomKniga, 2005, 184 p.
6. Sadkov V., Kuznetsova O. Sotsial'noe partnerstvo [Social partnership]. 2007, no. 3. Available at: http://www.oilru.com/sp/16/686/ (accessed March 21, 2017).
7. European SRI Study 2012. Brussels, 2012, 60 p. Available at: http://www.eurosif.org/ wp-content/uploads/2014/05/eurosif-sri-study_low-res-v1.1.pdf (accessed March 21, 2017).
8. Report On US Sustainable, Responsible And Impact Investing Trends. 2016, 65 p.