Impact Investing and Job Creation in The Contemporary Business Environment: Evidence from The Republic of Serbia
Impact Investing and Job Creation in The Contemporary Business Environment: Evidence from The Republic of Serbia
Autori:
Izdanje: FINIZ 2016 - Risks in Contemporary Business
Stranice: 1-5
Apstrakt:
This study focuses on the effects of impact investing, as a subset of socially responsible high-risk
investing, on job creation. The research investigates the emerging market of the Republic of Serbia
during the period 2007-2013 by tracking six companies, financed by impact investments, representing
the entire population. The results indicate that during the period of rising unemployment in the
country, the intervention group, consisting of the companies receiving the impact investments,
created, on average, 15% of new jobs per year, while the non-intervention group, consisting of the
companies not receiving the impact investments, lost, on average, 14% of existing jobs annually. To
the best of our knowledge, this study is the first to focus on impact investing and job creation, and
it indicates that this type of high-risk investing could be used to deal with major social challenges
in the contemporary business environment, such as unemployment.
investing, on job creation. The research investigates the emerging market of the Republic of Serbia
during the period 2007-2013 by tracking six companies, financed by impact investments, representing
the entire population. The results indicate that during the period of rising unemployment in the
country, the intervention group, consisting of the companies receiving the impact investments,
created, on average, 15% of new jobs per year, while the non-intervention group, consisting of the
companies not receiving the impact investments, lost, on average, 14% of existing jobs annually. To
the best of our knowledge, this study is the first to focus on impact investing and job creation, and
it indicates that this type of high-risk investing could be used to deal with major social challenges
in the contemporary business environment, such as unemployment.
Ključne reči: socially responsible investing, job creation, emerging markets
Priložene datoteke:
- 1-5 ( veličina: 1,03 MB, broj pregleda: 1231 )
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BibTeX format
@article{article,
author = {N. Stefanović, N. Stanišić, L. Barjaktarović and N. Makojević},
title = {Impact Investing and Job Creation in The Contemporary Business Environment: Evidence from The Republic of Serbia},
journal = {FINIZ 2016 - Risks in Contemporary Business},
year = 2016,
pages = {1-5},
doi = {10.15308/finiz-2016-1-5}
}
RT Conference Proceedings A1 Nikola Stefanović A1 Nemanja Stanišić A1 Lidija Barjaktarović A1 Nikola Makojević T1 Impact Investing and Job Creation in The Contemporary Business Environment: Evidence from The Republic of Serbia AD Univerzitet Singidunum, Beograd, Beograd, Srbija YR 2016 NO doi: 10.15308/finiz-2016-1-5
N. Stefanović, N. Stanišić, L. Barjaktarović and N. Makojević, Impact Investing and Job Creation in The Contemporary Business Environment: Evidence from The Republic of Serbia, Univerzitet Singidunum, Beograd, 2016, doi:10.15308/finiz-2016-1-5