Social Finance and Impact Investing: Governing Welfare in the Era of Financialization

Abstract: Social Finance and Impact Investing took off after the 2008 financial crisis, offering alternative financing solutions for social welfare. Presented as answers to the pressing problems of the 21st century (public sector fiscal constraints, overstrained welfare states, and a lack of investment opportunities in an era awash with investment-seeking capital), they propose to combine public and private funds in complex negotiated and cascade-like credit and subsidy structures. They aim at attracting private capital by advertising potential social and financial gains to private investors. This introductory article provides an overview of the Social Finance and social impact investment phenomenon. It discusses the scope of literature, and outlines the transformative trajectory of Social Finance in terms of financialization, public sector governance reform, and welfare state policies. Social Finance and Impact Investing are important research fields for the social sciences, as they are muc

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• Alternative title: Social Finance und Impact Investing: Wohlfahrtsregulierung im Zeitalter der Finanzialisierung
• Location: Deutsche Nationalbibliothek Frankfurt am Main
• Extent: Online-Ressource
• Language: Englisch

References and Relationships

• Bibliographic citation: Social Finance and Impact Investing: Governing Welfare in the Era of Financialization ; volume:45 ; number:3 ; year:2020 ; pages:7-30 ; Veröffentlichungsversion ; begutachtet (peer reviewed) ; Historical social research ; 45, Heft 3 (2020), 7-30

Classification and Topics

• Classification: Sozialwissenschaften, Soziologie, Anthropologie ; Wirtschaft

Contributors, Places and Time

• Creator: Chiapello, Eve ; Knoll, Lisa

Further information

• DOI: 10.12759/hsr.45.2020.3.7-30
• URN: urn:nbn:de:101:1-2022050211310102570686
• Rights: Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.