Who Has a Seat at the Table in Impact Investing? Addressing Inequality by Giving Voice

Guillermo Casasnovas, Jessica Jones

Producció científica: Article en revista indexadaArticleAvaluat per experts

8 Cites (Scopus)


Despite recognizing the importance of impact investing in combating complex societal challenges, researchers have yet to examine the capacity of the field to address systemic inequality. While impact investments are intended to benefit vulnerable stakeholders, the voices of those stakeholders are generally overlooked in the design and implementation of such investments. To resolve this oversight, we theorize how the fields’ design—through its tools, organizations, and field-level bodies—influences its capacity to address inequality by focusing on the concept of giving voice, which we define as the inclusive participation of vulnerable stakeholders in decision-making processes. We build from stakeholder engagement research to show how the design of impact investing can address inequality using three illustrative cases: social impact bonds, impact investing funds, and national advisory boards. We conclude with a discussion of how the ethical decision of giving voice to vulnerable stakeholders will determine the capacity of the field to address inequality, as well as provide implications for future research and practice.

Idioma originalAnglès
Pàgines (de-a)951-969
Nombre de pàgines19
RevistaJournal of Business Ethics
Estat de la publicacióPublicada - de set. 2022
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