Abstract
We study the role of impact measurement - made explicit and transparent through a new financing mechanism called the social impact bond - in the development of the field of impact investing in Spain. Our study confirms that multivocality is important to convene diverse actors and envision new solutions, but we also find that impact measurement provides the necessary calculative device that contributes to the emergence of the new field of impact investing. Our analysis reveals three interconnected and reinforcing mechanisms that are put in motion by this calculative device: setting goals, demarcating accountabilities and evaluating outcomes.
Original language | English |
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DOIs | |
Publication status | Published - 2020 |
Externally published | Yes |
Event | 80th Annual Meeting of the Academy of Management 2020: Understanding the Inclusive Organization, AoM 2020 - Virtual, Online Duration: 7 Aug 2020 → 11 Aug 2020 |
Conference
Conference | 80th Annual Meeting of the Academy of Management 2020: Understanding the Inclusive Organization, AoM 2020 |
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City | Virtual, Online |
Period | 7/08/20 → 11/08/20 |