The ESG Initiative at the Wharton School的动态

???? ?????????? ??????????: ???????????????????? ???? ??????????-???????? ???????????????????? ???? ???????????? ??????????????????. ?????????????? ??????????: ???????????????????? ???????????????????????? ???? ?????????????????? ???????????????????????????? ???????????????????????????? Lauren Kaufmann, University of Virginia Darden School of Business, University of Virginia, USA Gorgi Krlev, ESCP Business School, Paris, France Maoz (Michael) Brown, The Wharton School, University of Pennsylvania, USA ??https://lnkd.in/ezaxNbzy Impact investors claim to generate financial returns alongside measurable social impact. Yet, the industry’s “open secret” is that the applied means of impact measurement do not meet its ends (rigorous social performance evaluation). How does this open secret stay in plain sight? In this article, we probe how and why means-ends decoupling occurs in impact investing. Drawing on 135 interviews with impact investors, we find that impact measurement is not primarily used for performance management, but plays a relational role between stakeholders. We uncover and conceptualize three mechanisms that drive this decoupling and we show how the problems that arise from means-ends decoupling could be overcome. #ImpactInvesting #ImpactMeasurement #decoupling #InstitutionalTheory #GroundedTheory ------------------------------------------------------------------------------ Paolo Quattrone, Tammar B. Zilber