Engaging in a New Field: Business-Owning Families’ Differential Approach to Impact Investing

• Cruz, Cristina ^[1] ; Justo, Rachida ^[1] ; Roche, Jeanne ^[1]
  1. [1] IE Business School
• Localización: European Journal of Family Business, ISSN-e 2444-8788, ISSN 2444-877X, Vol. 11, Nº. 1, 2021, págs. 21-32
• Idioma: inglés
• DOI: 10.24310/ejfbejfb.v11i1.12626
• Títulos paralelos:
  • Participando en un Nuevo Campo: La Aproximación Diferencial de las Familias Propietarias de Empresas a la Inversión de Impacto
• Enlaces
  • Texto completo (pdf)
• Dialnet Métricas: 1 Cita
• Resumen
  • español

    Desarrollamos un marco teórico que explica por qué y cómo las familias propietarias de negocios participan en inversiones de impacto. A pesar de su crecimiento exponencial, el campo de estudio sobre inversiones de impacto está todavía sujeto a interpretaciones contrapuestas y prácticas variables. Sobre la base del marco propuesto por Nason et al. (2019b), argumentamos que el marco de referencia de las familias propietarias de negocios (retrospectivo vs prospectivo y orientado internamente vs externamente) mantiene una alta heterogeneidad,  lo que determina la singularidad  de su participación en  inversiones de impacto y también en un conjunto distintivo de prácticas para llevarlas a cabo.

  • English

    We develop a theoretical framework explaining why and how business-owning families engage in impact investing. Despite its exponential growth, the burgeoning field of impact investing is still subject to competing interpretations and varying practices. Building on the framework proposed by Nason et al. (2019b), we argue that a business-owning families’s frame of reference (backward vs. forward-looking and internally vs. externally oriented) constitutes a relevant heterogeneity that triggers a unique driver for engaging in impact investing and a distinct set of practices to do so.

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