PhD defence: Anirudh Agrawal

Access to finance at a 'fair price' is one of the significant issues in many economies. Impact investing is emerging as one of the promising financial instruments aimed at making the financial system more inclusive and address social, environmental, and governance issues. While previous studies on impact-investing have explored the definitional and conceptual issues, I study the operational issues related to impact investing. Through multiple interviews of social entrepreneurs, impact investors, and extensive literature review, I explore investment strategies of impact investors and suggest that impact-investing firms' success is tied to the success of their investee social enterprises. Among the many findings, I suggest that social sectors ( like industrial sectors) should be further contextualized and that depending on antecedents and institutional contexts, the impact-investing strategies may vary.  
 
Primary Supervisor:
Professor Kai Hockerts
Department of Management, Society and Communication
Copenhagen Business School

Assessment Committee:
Professor Esben Rahbek Gjerdrum Pedersen (Chair)
Department of Management, Society and Communication
Copenhagen Business School

Associate Professor Othmar M. Lehner
Department of Accounting
Hanken School of Economics
 
Professor Doctor Barbara Scheck
University of Applied Science
Munich Business School

Thesis:
The thesis will be available here.

Online defence:
Access the defence here.
*Please note in connection with the online defence that the microphone and camera of all spectators must be turned off!