Impact investing in South Africa: identifying the global and local forces shaping this emerging investment market

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dc.contributor.advisorGiamporcaro, Stephanieen_ZA
dc.contributor.authorLuckscheiter, Jochenen_ZA
dc.date.accessioned2018-11-06T14:03:31Z
dc.date.available2018-11-06T14:03:31Z
dc.date.issued2014en_ZA
dc.description.abstractTriggered by the negative economic and social consequences of the 2008/09 global financial crisis, critical questions about how financial markets operate and how they benefit society have received renewed attention. In response to these questions, new investment strategies whose objectives go beyond pure financial return have emerged. Impact investing, a concept which closely co-exists with investment strategies such as socially responsible investing and responsible investing, is the latest attempt to combine financial return with a contribution to the sustainable development of society. Although still in the early days of its development, impact investing is a maturing field to the extent that it has developed into a global phenomenon with an emerging global support structure. While impact investing still occupies a tiny niche in South Africa's investment market, there is, at least compared to other developing countries on the African continent, a large community of South African impact investors who are looking to invest locally and beyond. This research investigates how far the understanding and practice of impact investing in South Africa is influenced by global efforts to build the field and to what extent context specific factors are shaping the way in which it is currently evolving. In other words, how both global convergence and local divergence mechanisms interplay to form what is the South African impact investing market. The research findings suggest that while the international movement towards the standardisation of impact investing practices has reached South Africa, context specific factors such as, among others, the social, racial and political legacy of apartheid and the existence of a sophisticated financial system are central to the way in which the field is taking shape.en_ZA
dc.identifier.apacitationLuckscheiter, J. (2014). <i>Impact investing in South Africa: identifying the global and local forces shaping this emerging investment market</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Research of GSB. Retrieved from http://hdl.handle.net/11427/29003en_ZA
dc.identifier.chicagocitationLuckscheiter, Jochen. <i>"Impact investing in South Africa: identifying the global and local forces shaping this emerging investment market."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Research of GSB, 2014. http://hdl.handle.net/11427/29003en_ZA
dc.identifier.citationLuckscheiter, J. 2014. Impact investing in South Africa: identifying the global and local forces shaping this emerging investment market. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Luckscheiter, Jochen AB - Triggered by the negative economic and social consequences of the 2008/09 global financial crisis, critical questions about how financial markets operate and how they benefit society have received renewed attention. In response to these questions, new investment strategies whose objectives go beyond pure financial return have emerged. Impact investing, a concept which closely co-exists with investment strategies such as socially responsible investing and responsible investing, is the latest attempt to combine financial return with a contribution to the sustainable development of society. Although still in the early days of its development, impact investing is a maturing field to the extent that it has developed into a global phenomenon with an emerging global support structure. While impact investing still occupies a tiny niche in South Africa's investment market, there is, at least compared to other developing countries on the African continent, a large community of South African impact investors who are looking to invest locally and beyond. This research investigates how far the understanding and practice of impact investing in South Africa is influenced by global efforts to build the field and to what extent context specific factors are shaping the way in which it is currently evolving. In other words, how both global convergence and local divergence mechanisms interplay to form what is the South African impact investing market. The research findings suggest that while the international movement towards the standardisation of impact investing practices has reached South Africa, context specific factors such as, among others, the social, racial and political legacy of apartheid and the existence of a sophisticated financial system are central to the way in which the field is taking shape. DA - 2014 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2014 T1 - Impact investing in South Africa: identifying the global and local forces shaping this emerging investment market TI - Impact investing in South Africa: identifying the global and local forces shaping this emerging investment market UR - http://hdl.handle.net/11427/29003 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/29003
dc.identifier.vancouvercitationLuckscheiter J. Impact investing in South Africa: identifying the global and local forces shaping this emerging investment market. [Thesis]. University of Cape Town ,Faculty of Commerce ,Research of GSB, 2014 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/29003en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentResearch of GSBen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherDevelopment Financeen_ZA
dc.subject.otherImpact Investingen_ZA
dc.subject.otherSouth Africaen_ZA
dc.subject.otherGlobal Convergenceen_ZA
dc.subject.otherLocal Divergenceen_ZA
dc.titleImpact investing in South Africa: identifying the global and local forces shaping this emerging investment marketen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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