Impact investing extends finance into the nonprofit sector
Evidence
In fact, what is happening is very similar to the developments in Socially Responsible Investment (SRI) (a construction of standard metrics and summaries in the form of ratings intended for use by investors in making remote choices between different universes), except that SRI never sought to extend financial investment practices to NGOs and the non-profit sector. It simply wanted to change the criteria for investment, while continuing to invest only in firms that were mostly already listed. — Ève Chiapello, Financialisation of Valuation, 72
Categorization
- XREF: Connects to the reader’s core interest: how financialized valuation colonizes non-financial activity; the spread from listed firms to NGOs is a case study. — connects to: Charitable donations and grants are being reframed as investments requiring measurable social returns — Ève Chiapello, Financialisation of Valuation, 69; Venture capital logic migrated into philanthropy through venture philanthropy and social entrepreneurship — Ève Chiapello, Financialisation of Valuation, 73; Brazilian megachurches marketed donations as financial investments — Vincent Bevins, If We Burn: The Mass Protest Decade and…, 326
- SEED: angle: the boundary-blurring step — SRI changed criteria, impact investing changed what counts as an investment target (NGOs).
Related
- Charitable donations and grants are being reframed as investments requiring measurable social returns (similarity 0.84)
- Venture capital logic migrated into philanthropy through venture philanthropy and social entrepreneurship (similarity 0.82)
- Philanthropy has been remade in the corporation’s image through venture philanthropy. (similarity 0.80)
Broader Connections
- Venture capital logic migrated into philanthropy through venture philanthropy and social entrepreneurship
#expands(0.92) — Ève Chiapello, Financialisation of Valuation, 73