IMPACT INVESTING AND JOB CREATION IN THE CONTEMPORARY BUSINESS ENVIRONMENT: EVIDENCE FROM THE REPUBLIC OF SERBIA

Keywords:
socially responsible investing, job creation, emerging markets.

Abstract:
This study focuses on the effects of impact investing, as a subset of socially responsible high-risk investing, on job creation. The research investigates the emerging market of the Republic of Serbia during the period 2007-2013 by tracking six companies, financed by impact investments, representing the entire population. The results indicate that during the period of rising unemployment in the country, the intervention group, consisting of the companies receiving the impact investments, created, on average, 15% of new jobs per year, while the non-intervention group, consisting of the companies not receiving the impact investments, lost, on average, 14% of existing jobs annually. To the best of our knowledge, this study is the first to focus on impact investing and job creation, and it indicates that this type of high-risk investing could be used to deal with major social challenges in the contemporary business environment, such as unemployment.

CITATION:

IEEE format

Copy to clipboard

N. Stefanović, N. Stanišić, L. Barjaktarović, N. Makojević, “Impact Investing and Job Creation in The Contemporary Business Environment: Evidence from The Republic of Serbia,” in FINIZ 2016 - Risks in Contemporary Business, Belgrade, Singidunum University, Serbia, 2016, pp. 1-5. doi: 10.15308/finiz-2016-1-5 

APA format

Copy to clipboard

Stefanović, N., Stanišić, N., Barjaktarović, L., Makojević, N. (2016). Impact Investing and Job Creation in The Contemporary Business Environment: Evidence from The Republic of Serbia. Paper presented at FINIZ 2016 - Risks in Contemporary Business. doi:10.15308/finiz-2016-1-5

BibTeX format
Download

RefWorks Tagged format
Download