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Killing two birds with one stone : Sound investment with social impact

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A step further (killing two birds with one stone): Optimising financial performance and social impact without explicitly subordinating one goal to the other? Experience of development banks can be insightful -- in particular where private-sector focus (IFC, EBRD): valuable lessons for investors declaring social impact goals This paper: stylised facts about project selection and project design at EBRD taking advantage of the unique data collected at Concept and Final stages Compare characteristics of investment projects that were advanced from the concept stage to implementation and compare with projects considered but not signed Records of the initial project review include features of project design needed to improve or substantiate a project’s social impact
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Findings on project selection and project design: Interplay of social impact and commercial risk
Take into account economist reviewing projects, banking teams Manual coding and text analysis of project review notes (eg where corporate governance work is requested; BERT machine-learning algorithm, Devlin et al., 2018) EBRD system relies on quantification of the social impact of a project at an early stage of consideration; separate officers at investment committee Projects are simultaneously selected on the quality of credit and social impact Interplay: survival of high-impact projects is relatively little impacted by credit ra


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Title Killing two birds with one stone
Similar Titles
Sub Title

Sound investment with social impact

Material Type Report
Author(English)

Alexander Plekhanov

Publisher

European Bank for Reconstruction and Development

Date 2020-09
Event The frontiers in development policy conference 2020 (Online)
Subject Country Europe(Europe)
Language English
File Type Documents
Original Format pdf
Subject Economy < Macroeconomics
Government and Law < Governance
Holding European Bank for Reconstruction and Development
License