Social Banking and Social Finance

Social Banking and Social Finance

And while early social finance movements brought together social activists and innovators already since the financial and economic crises of the first half of the 20th century, their surfacing to the attention of the broader public of ...

Author: Roland Benedikter

Publisher: Springer Science & Business Media

ISBN: 9781441977748

Category: Business & Economics

Page: 136

View: 99

For over 2,000 years, banks have served to facilitate the exchange of money and to provide a variety of economic and financial services. During the most recent financial collapse and subsequent recession, beginning in 2008, banks have been vilified as perpetrators of the crisis, the public distrust compounded by massive public bailouts. Nevertheless, another form of banking has also emerged, with a focus on promoting economic sustainability, investing in community, providing opportunity for the disadvantaged, and supporting social, environmental, and ethical agendas. Social Banking and Social Finance traces the emergence of the “bank with a conscience” and proposes a new approach to banking in the wake of the economic crisis. Featuring innovations and initiatives in banking from Europe, Canada, and the United States, Roland Benedikter presents an alternative to traditional banking practices that are focused exclusively on profit maximization. He argues that social banking is not about changing the system, but about improving some of its core features by putting into use the "triple bottom line" principle of profit-people-planet. Important lessons can be learned by the success of social banks that may be useful for the greater task of improving the global financial system and avoiding economic crises in the future.
Categories: Business & Economics

Social Finance

Social Finance

The first part, 'Contexts and Debates', sets up the background for the book as a whole with a series of discrete, expert, critiques and observations concerning the nature and development of different aspects of the social finance market ...

Author: James Emerson

Publisher: Oxford University Press

ISBN: 9780198703761

Category: Finance

Page: 400

View: 592

'Social Finance' brings together rapid advances in what used to be called socially responsible investment. For example, finance for green businesses, and to support economic development both in deprived areas and developing countries.
Categories: Finance

Innovations in Social Finance

Innovations in Social Finance

Thus, innovation, in the context of social finance, can be understood as cross-cutting across all levels of the sector: rethinking internal and external organizations and processes, creating new products and services, generating and ...

Author: Thomas J. Walker

Publisher: Springer Nature

ISBN: 9783030725358

Category: Electronic books

Page: 524

View: 745

Our world is experiencing increasingly complex social and environmental challenges. The prevailing business models and, to some extent, capitalism per se, are frequently blamed for these problems due to their neglect of social and environmental values in favour of financial returns. Within this context, social finance has attracted the attention of governments, organizations, entrepreneurs, and researchers as a means of mobilizing resources and innovation with the goal of establishing effective long-term solutions. This edited collection summarizes, discusses, and analyzes new innovative trends in social finance. It features contributions that aim to highlight emerging trends (products, tools, and processes) in social finance, present a series of case studies related to the development, deployment, and scaling of social finance innovations, offer an understanding of how non-economic externalities are being incorporated, managed, and assessed in recent innovations, reveal the disruptive potential of social finance innovations by analyzing how they are redefining mainstream finance, analyze the scales of operation and impact of different innovations, and explore the complex relationship between social finance and social innovation. Featuring contributions from both the research and practitioner community as well as policy actors, the book provides more than a snapshot of the current social finance field by specifically highlighting the major challenges and difficulties that require the urgent attention of policymakers and social entrepreneurs. Thomas Walker is a full professor of finance at Concordia University in Montreal, Canada. He previously served as an associate dean, department chair, and director of Concordias David OBrien Centre for Sustainable Enterprise. Prior to his academic career, he worked for firms such as Mercedes Benz, KPMG, and Utility Consultants International. He has published over 70 journal articles and books. Jane McGaughey is an associate professor of diaspora studies at Concordia Universitys School of Irish Studies, holding a PhD in Irish history from the University of London. Her research focuses on the intersections of historical and contemporary migration, gender, and ethnic discrimination. Sherif Goubran is an instructor in the Department of Architecture (School of Sciences and Engineering) at the American University in Cairo. He is currently a PhD candidate in the Individualized Program (INDI) at Concordia University, where he is conducting interdisciplinary research on sustainability in the built environment within the fields of design, building engineering, and real estate finance. Nadra Wagdy is an associate consultant at CID Consulting in Egypt. She is contributing to the development and scaling of an Extended Producer Responsibility program, working with the informal waste sector. She has extensive experience supporting cooperatives and not-for-profit organizations across their development phases: starting from validating their business plan and governance model to scaling-up their operations.
Categories: Electronic books

The Essentials of Social Finance

The Essentials of Social Finance

Failure to incorporate the relatively un arted social impact of private investment limits capital market ... While the activities funded are purely for profit, su annels of finance can be part of social finance to the extent that ...

Author: Andreas Andrikopoulos

Publisher: Routledge

ISBN: 9781000483185

Category: Business & Economics

Page: 214

View: 336

The Essentials of Social Finance provides an interesting, accessible overview of this fascinating ecosystem, blending insights from finance and social entrepreneurship. It highlights the key challenges facing social finance, while also showcasing its vast opportunities. Topics covered include microfinance, venture philanthropy, social impact bonds, crowdfunding, and impact measurement. Case studies are peppered throughout, and a balance of US, European, Asian, and Islamic perspectives are included. Each chapter contains learning objectives, discussion questions, and a list of key terms. There is also an appendix explaining key financial concepts for readers without a background in the subject, as well as downloadable PowerPoint slides to accompany each chapter. This will be a valuable text for students of finance, investment, social entrepreneurship, social innovation, and related areas. It will also be useful to researchers, professionals, and policy-makers interested in social finance.
Categories: Business & Economics

Social Finance

Social Finance

Agents create financial stability through social processes, chiefly through agreeing on a certain set of economic ideas that in turn reinforce their behavioral priors via market outcomes. These conventions, though self-stabilizing in ...

Author: Neil Shenai

Publisher: Springer

ISBN: 9783319913469

Category: Business & Economics

Page: 231

View: 702

How do market participants construct stable markets? Why do crises that seem inevitable after-the-fact routinely take market participants by surprise? What forces trigger financial panics, and why does uncertainty lead to market volatility? How do economic elites respond to financial distress, and why are some regulatory interventions more effective than others? Social Finance: Shadow Banking during the Global Financial Crisis answers these questions by presenting a new, economic conventions-based model of financial crises. This model emerges from a theoretical synthesis of several intellectual traditions, including Keynesian epistemology, Hyman Minsky’s asset market theory, economic sociology, and international relations theory. Social Finance uses this new paradigm to explain instability in the global shadow banking system during the global financial crisis. And it presents the results of interviews with some of the world’s leading investors – who saw over $2 trillion in annual order flows and managed over $160 billion in assets – to provide first-hand accounts of markets in crisis. Written in accessible prose, Social Finance will appeal to a broad audience of academics, policymakers, and practitioners interested in understanding the drivers of financial stability in the twenty-first century.
Categories: Business & Economics

COVID 19 and Islamic Social Finance

COVID 19 and Islamic Social Finance

Islamic social finance is a branch of Islamic finance. COVID-19 is a global crisis that was first perceived to be a mere health crisis that has eventually led to a human crisis, and the end of it is yet unknown.

Author: M. Kabir Hassan

Publisher: Routledge

ISBN: 9781000356298

Category: Business & Economics

Page: 242

View: 514

It is said that the COVID-19 pandemic has turned back the poverty clock. As such, there is a need to have social mechanisms put in place to provide relief to those who are affected in this regard. Islamic social finance consists of tools and institutions that could be used to alleviate poverty. This book explores the impact of COVID-19 on Islamic finance to better understand the effectiveness of Islamic social finance in helping those who have been affected by poverty overnight due to the halt in all major economic activities in the context of the pandemic. Since the struggle against poverty in each country will be different, the book attempts to shed light on the experiences of different countries by presenting successful models of Islamic social finance. The book first looks at poverty and COVID-19 before delving into the role of Islamic social financial institutions and how they have risen against COVID-19. The book concludes by examining the impact of COVID-19 on Islamic microfinance. This book is the first of its kind on the subject of COVID-19, and it intends to bridge the gap in the literature.
Categories: Business & Economics

Demystifying Social Finance and Social Investment

Demystifying Social Finance and Social Investment

1 2 3 What do practitioners and academics call this type of investment that creates a social as well as a financial return? Should definitions be prescriptive about what type of institutions are making these investments?

Author: Mark Salway

Publisher: Routledge

ISBN: 9781317152804

Category: Business & Economics

Page: 326

View: 243

Social finance and social investment are not challenging concepts to grasp. They use commercial-style investment tools to create a social as well as a financial return. The application, however, is not always as straightforward. This book begins in the wider field of social finance but focuses primarily on social investment as a tool. The reader is helped to understand this from different angles: introducing social investment, discussing social investment and taking a "deep-dive" into it to bring it to life. This unique book takes the reader on a journey from first principles to detailed practical application. This book examines the policy context and asks why social investment has only recently become so popular, when in reality this is a very old concept. This is linked to the agenda of making charities more "business-like", set against the changing face of investment, as charities can no longer rely on donations and grants as guaranteed income. The work they do is more important than ever and social investment, used with care, offers a new opportunity that is further explored in this text. Mark Salway, Paul Palmer, Peter Grant and Jim Clifford will help readers understand how a small amount of borrowing, or a different business model focused away from grants and donations, could be transformational for the non-profit sector.
Categories: Business & Economics

A Research Agenda for Social Finance

A Research Agenda for Social Finance

The social enterprise financing landscape: the lay of the land and new research on the horizon. Entrepreneurship Research Journal, 3(2), 147–59. Moore, M.-L., Westley, F.R. and Brodhead, T. (2012). Social finance intermediaries and ...

Author: Othmar M. Lehner

Publisher: Edward Elgar Publishing

ISBN: 9781789907964

Category: Business & Economics

Page: 264

View: 544

This insightful Research Agenda explores social finance and impact investing, surveying the latest research in this area. It considers a range of actors from across the social finance ecosystem, from investors and social banks, to the entrepreneurs who propose sustainable solutions and seek finance.
Categories: Business & Economics

Islamic Social Finance

Islamic Social Finance

The tawhidi methodological worldview applied to the domain of ethical and social finance: transiting to the abstracto-empirical Part II of this chapter Before setting up the initiating methodological issue in conceptual formalization of ...

Author: Valentino Cattelan

Publisher: Routledge

ISBN: 9781351987431

Category: Business & Economics

Page: 222

View: 441

The current dynamics of world economy show remarkable changes in the socio-economics of credit provision and entrepreneurship. If the emergence of the sharing economy is fostering innovative models of collaborative agency, networking and venture business, economic actors are also looking for a more sustainable development, able to foster profitability as well as community welfare. This book investigates Islamic social finance as a paramount example of this economy under change, where the balance between economic efficiency and social impact is contributing to the transformation of the market from an exchange- to a community-oriented institution. The collected essays analyse the social dimension of entrepreneurship from an Islamic perspective, highlighting the extent to which the rationales of "sharing," distribution and cooperation, affect the conceptualization of the market in Islam as a place of "shared prosperity." Moving from the conceptual "roots" of this paradigm to its operative "branches," the contributing authors also connect the most recent trends in the financial market to Shari‘ah-based strategies for community welfare, hence exploring the applications of Islamic social finance from the sharing economy, FinTech and crowdfunding to microcredit, waqf, zakat, sukuk and green investments. An illuminating reference for researchers, practitioners and policy-makers dealing with the challenges of a global market where not only is diversity being perceived as a value to be fostered, but also as an important opportunity for a more inclusive economy for everybody.
Categories: Business & Economics

Contemporary Issues in Islamic Social Finance

Contemporary Issues in Islamic Social Finance

Excessive indebtedness in the conventional interest-based financial system is a major reason behind recurrent ... Finally, Islamic social finance comprises institutions that aim to perform the redistributive function by wealth and asset ...

Author: Hussain Mohi-ud-Din Qadri

Publisher: Routledge

ISBN: 9781000426168

Category: Business & Economics

Page: 382

View: 666

The development of Islamic banking and finance (IBF) previously centred around three regions of the world: the Middle East, Southeast Asia, and South Asia. However, in recent years, this has expanded, as interest in IBF has gained momentum in Australia, the USA, and Europe, especially in the UK. Several Western market players have established their own Islamic window or subsidiaries to cater to the need of growing Muslim populations in these regions. This book examines the recent developments in IBF, particularly in the context of Islamic social finance instruments, such as Islamic microfinance, halal education, takaful, mutual funds, and waqf. It covers the religiosity, spirituality, and tawhid index, which promotes social well-being and empowerment. The book is interdisciplinary, and theories, practice, and key issues are presented simultaneously, introducing new ideas and techniques to the IBF community. Moreover, the book examines topics such as innovation in Islamic social finance instruments, advanced techniques of risk mitigation in Islamic capital markets, marketing and the halal industry, and shari’ah-compliant instruments, which are critical to Islamic finance. The book is an essential reference text for academics and research students at the master’s and doctorate levels in IBF.
Categories: Business & Economics