social impact investing and British social policy, 1997-2016 /
First Statement of Responsibility
Philipp Golka.
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
Cham, Switzerland :
Name of Publisher, Distributor, etc.
Springer,
Date of Publication, Distribution, etc.
[2019]
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
1 online resource (xix, 265 pages)
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references.
CONTENTS NOTE
Text of Note
Introduction -- Financialization and Social Impact Investing -- Financialization, Fields, and Change -- Methodology and Research Methods -- The Financialization of Welfare -- Financialization as Welfare -- Field Emergence and Stabilization -- Financialization, Resonance, and the Emergence of Cross-Field Ties -- Discussion and Conclusion -- Appendices -- References.
0
SUMMARY OR ABSTRACT
Text of Note
Providing an in-depth case study on the emergence of social impact investing in the UK, this book develops a new perspective on financialization processes that highlights the roles of non-financial actors. In contrast to the common view that impact investing gears finance toward the solution of social problems, the author analyzes how these investments create new problems and inequalities. To explain how social impact investing became popular in British social policy despite its unclear effectiveness, the author focuses on cooperative relations between institutional entrepreneurs from finance and various non-financial actors. Drawing on field theory, he shows how seemingly unrelated social transformations - such as HM Treasury's expanding role in public service reform - may act as resonance spaces for the spread of finance. Opening up a new perspective on financialization processes in the terrain of public policy, this book invites readers to refocus scholarship on capitalist dynamics to the meso-level. Based on this analysis, the author also proposes ways to transform social impact investing to increase its potential for reducing global inequalities.
ACQUISITION INFORMATION NOTE
Source for Acquisition/Subscription Address
Springer Nature
Stock Number
com.springer.onix.9783030061005
OTHER EDITION IN ANOTHER MEDIUM
International Standard Book Number
9783030060992
International Standard Book Number
9783030061012
TOPICAL NAME USED AS SUBJECT
Investments-- Moral and ethical aspects-- Great Britain.
Social responsibility of business-- Great Britain.
Finance.
Social policy.
Welfare economics.
GEOGRAPHICAL NAME USED AS SUBJECT
Great Britain, Politics and government, 1997-2007.