|Published Online: September 9, 2016||$US5.00|
This paper frames social finance in its broadest terms as an alternative to traditional corporate responsible practice, highlighting the significance and potential of social finance in mobilising financial resources for global social development. This paper explains social finance as an approach employing financial resources drawn from "the market" to generate positive social impacts which can, depending on instruments, also deliver financial returns. Despite hitherto forms of capitalism generating economic asymmetry, there is an urgent need for a more equitable financial mobilisation through innovative finance. Such a need has generated a paradigm shift in the corporate sector where actors in the private sector are increasingly using a variety of instruments to utilise private money for public good - social finance. We have so far seen corporate responsible business practices, yet with innovation and multi-sectoral partnerships, it can potentially bring the most significant change that has yet to be witnessed globally.
|Keywords:||Social Finance, Social Impact Investment, Creative Capitalism|
The International Journal of Interdisciplinary Global Studies, Volume 11, Issue 3, September 2016, pp.1-24. Article: Print (Spiral Bound). Published Online: September 9, 2016 (Article: Electronic (PDF File; 1.184MB)).
Course Coordinator, School of Global, Urban, and Social Studies, Royal Melbourne Institute of Technology University, Melbourne, Victoria, Australia