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Impact Investing: Transforming How We Make Money While Making a Difference Hardcover – September 13, 2011
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Antony Bugg-Levine
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Jed Emerson
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Print length336 pages
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LanguageEnglish
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PublisherJossey-Bass
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Publication dateSeptember 13, 2011
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Dimensions6.1 x 1.2 x 9.1 inches
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ISBN-100470907215
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ISBN-13978-0470907214
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Editorial Reviews
From the Inside Flap
Praise for IMPACT INVESTING
"My experience with eBay demonstrated that you can do well by doing good. Impact Investing explores this important idea and provides many examples of the social impact that a for-profit business can ignite."
Pierre Omidyar, founder and chairman, eBay; founding partner, Omidyar Network
"An informative and perceptive insight into the world of impact investment."
Ronald Cohen, cofounder, Apax Partners; chairman, the Portland Trust and Bridges Ventures
"In business schools around the world, impact investing is hot. For all those young professionals and their teachers, Bugg-Levine and Emerson, pioneers of the field, have written a great introduction to the realities of using markets to address society's problems."
Michael Chu, professor, Harvard Business School; cofounder, IGNIA Fund
"An insightful, compelling, and highly readable road map for investors and their wealth managers seeking to achieve blended value. As global thought leaders in impact investing, Bugg-Levine and Emerson share their perspectives and real-life examples of investors and investments achieving a combination of financial and social/environmental returns. It's a must-read for anyone interested in how investment can tackle the world's toughest problems."
Ron D. Cordes, cochairman, Genworth Financial Wealth Management; coauthor, The Art of Investing and Portfolio Management
"Impact investing just might be the game-changer we need in the quest to end poverty. Building on the forces of socially responsible investment, microfinance, and many others, impact investing shows that we can solve many of the world's social problems while making attractive financial returns. This superb book is a clear and compelling guide to any reader who wants to be a part of this powerful new force in development. The book is fresh and accessible, with an eye for metaphor and self-deprecation that is rare and welcome among policy wonks."
Elizabeth Littlefield, president and CEO, Overseas Private Investment Corporation; former CEO, CGAP
From the Back Cover
Praise for IMPACT INVESTING
"My experience with eBay demonstrated that you can do well by doing good. Impact Investing explores this important idea and provides many examples of the social impact that a for-profit business can ignite."
―Pierre Omidyar, founder and chairman, eBay; founding partner, Omidyar Network
"An informative and perceptive insight into the world of impact investment."
―Ronald Cohen, cofounder, Apax Partners; chairman, the Portland Trust and Bridges Ventures
"In business schools around the world, impact investing is hot. For all those young professionals and their teachers, Bugg-Levine and Emerson, pioneers of the field, have written a great introduction to the realities of using markets to address society's problems."
―Michael Chu, professor, Harvard Business School; cofounder, IGNIA Fund
"An insightful, compelling, and highly readable road map for investors and their wealth managers seeking to achieve blended value. As global thought leaders in impact investing, Bugg-Levine and Emerson share their perspectives and real-life examples of investors and investments achieving a combination of financial and social/environmental returns. It's a must-read for anyone interested in how investment can tackle the world's toughest problems."
―Ron D. Cordes, cochairman, Genworth Financial Wealth Management; coauthor, The Art of Investing and Portfolio Management
"Impact investing just might be the game-changer we need in the quest to end poverty. Building on the forces of socially responsible investment, microfinance, and many others, impact investing shows that we can solve many of the world's social problems while making attractive financial returns. This superb book is a clear and compelling guide to any reader who wants to be a part of this powerful new force in development. The book is fresh and accessible, with an eye for metaphor and self-deprecation that is rare and welcome among policy wonks."
―Elizabeth Littlefield, president and CEO, Overseas Private Investment Corporation; former CEO, CGAP
About the Author
THE AUTHORS
Antony Bugg-Levine designed and leads the Rockefeller Foundation's impact investing initiative. He convened the 2007 meeting that coined the phrase impact investing and is the board chair of the Global Impact Investing Network. He also teaches at Columbia Business School. A native of South Africa he served in the late 1990s as the acting communications director at the South African Human Rights Commission.
Jed Emerson, originator of the term blended value, is executive vice president of ImpactAssets, a senior fellow with Heidelberg University's Center on Social Investing, and a senior advisor to the Sterling Group (Hong Kong). He was founding director of REDF, a founding board member of Pacific Community Ventures, and founding director of Larkin Street Services.
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Product details
- Publisher : Jossey-Bass; 1st edition (September 13, 2011)
- Language : English
- Hardcover : 336 pages
- ISBN-10 : 0470907215
- ISBN-13 : 978-0470907214
- Item Weight : 1.19 pounds
- Dimensions : 6.1 x 1.2 x 9.1 inches
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Best Sellers Rank:
#871,048 in Books (See Top 100 in Books)
- #1,246 in Business Ethics (Books)
- #2,049 in Environmental Economics (Books)
- #7,450 in Investing (Books)
- Customer Reviews:
Customer reviews
Top reviews from the United States
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For the finance types, this is not a how-to book on impact investing as it does not focus on the pricing and valuation methodologies, rather it's more of a framework for approaching investing that incorporates social objectives into an entire asset management portfolio.
For the social sector practitioners, it's a great primer to help un-demonize the financial markets' role and its potentially huge contribution to the impact investing space and the social sector, if framed appropriately.
The authors explain, however, that it will not be a journey without challenges, and they do an excellent job of articulating what the challenges are and offer options for meeting them head on.
Presented is a veritable roadmap for both individuals and institutions who are interested in learning about and investing in impact investments.
Impact investing is a brave new world that is breaking done barriers, constructing new platforms, and building on the hard work of many individuals, many profiled in the book, who have been laying the groundwork for the success of social finance.
Finally, it should be said that Impact Investing - Transforming How We Make Money While Making a Difference, captures the passion and excitement that many are looking for in business today. It is a wave worth catching.
This is a must-read for current and potential impact investors, social entrepreneurs, the philanthropic community, and policymakers interested in impact investing. I also highly recommend this book to individuals who are simply curious about the topic as it is not only informative, but also an enjoyable read.
Also, I think the book failed to bring up or provide valuable information about many key aspects of the world of impact investing, such Muhammad Yunus' concept of Social Business which is growing in popularity and the opportunity for a Social Stock Exchange. Perhaps this is because one of the authors was a founder of a very controversial microfinance bank and, from my viewpoint, talking about these topics would go against the values that he believes in which pushed that bank to it's controversial IPO.
Additionally, I believe there were some misstated or under-explained parts of the book which, for me, took away its ability to be a valuable collection of information that I would recommend to my friends interested in this space. One example is that there is a reference in the book that Muhammad Yunus is a supporter of non-profit microfinance, when his for-profit bank (Grameen Bank in Bangladesh) is perhaps the most famous microfinance bank in the world. Also, the author talks lightly about the controversy around the investors in Comportamos and SKS gaining massive amounts of wealth in their IPO's, but doesn't talk about the details of the controversy - such as the interest rates of Comportamos that led to it's profit margins (80-100%) and the cruel collection methods of SKS that contributed to it's rapid expansion, many suicides, and (in part) the Indian microcredit bubble. I can't help but think that the authors left this information out on purpose to present a particular image of impact investing which doesn't accurately represent the entire space.
Lastly - as someone who does have enough wealth to be identified as an "accredited investor," I would have liked to learn more about the current landscape and future potential of retail-level impact investments.












