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

Authors

  • Cristina Cruz IE Business School, Spain Spain
  • Rachida Justo IE Business School, Spain Spain https://orcid.org/0000-0003-2393-2786
  • Jeanne Roche IE Business School, Spain Spain

DOI:

https://doi.org/10.24310/ejfbejfb.v11i1.12626

Keywords:

Business-owning Family, Impact Investing, Venturing Philanhropy, Socio-emotional Wealth, Reference Point
Agencies: No

Abstract

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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Published

2021-06-17

How to Cite

Cruz, C., Justo, R., & Roche, J. (2021). Engaging in a New Field: Business-Owning Families’ Differential Approach to Impact Investing . European Journal of Family Business, 11(1). https://doi.org/10.24310/ejfbejfb.v11i1.12626

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Research article