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Alternative investing as brokering: The embedding process of a Social Impact Bond model in a local context

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Alternative investing as brokering : The embedding process of a Social Impact Bond model in a local context. / Kosmynin, Mikhail; Jack, Sarah.

In: Journal of Business Venturing Insights, Vol. 17, e00297, 30.06.2022.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

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Kosmynin M, Jack S. Alternative investing as brokering: The embedding process of a Social Impact Bond model in a local context. Journal of Business Venturing Insights. 2022 Jun 30;17:e00297. Epub 2021 Nov 30. doi: 10.1016/j.jbvi.2021.e00297

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Kosmynin, Mikhail ; Jack, Sarah. / Alternative investing as brokering : The embedding process of a Social Impact Bond model in a local context. In: Journal of Business Venturing Insights. 2022 ; Vol. 17.

Bibtex

@article{e6cef5bc7d6b433c8e610bef04db53c3,
title = "Alternative investing as brokering: The embedding process of a Social Impact Bond model in a local context",
abstract = "Social Impact Bonds (SIBs) are gaining traction as a research topic. Using a longitudinal case study of a Norwegian social venture - Nature Magic - funded through a SIB model, this article explores the embedding process of a SIB model into a local context – diverging from previous research focused on empirical cases from the UK and USA and refining the social aspects of SIBs. We show that the SIB model is embedded through three processes: 1) cultivating opportunity; 2) pulling together; and 3) fostering experimentation and {\textquoteleft}mutation{\textquoteright}. We find that these embedding processes were fostered through developing and activating bonding and bridging social capital. This study also extends our understanding of alternative investing by theorizing it as brokering. We find that social investors engage in brokering processes in facilitating collaboration between typically disconnected spheres - such as social ventures and municipalities - through these embedding processes.",
keywords = "Social impact bond, Collaboration, Embedding, Alternative investment, Brokering",
author = "Mikhail Kosmynin and Sarah Jack",
year = "2022",
month = jun,
day = "30",
doi = "10.1016/j.jbvi.2021.e00297",
language = "English",
volume = "17",
journal = "Journal of Business Venturing Insights",
issn = "2352-6734",
publisher = "Elsevier Inc.",

}

RIS

TY - JOUR

T1 - Alternative investing as brokering

T2 - The embedding process of a Social Impact Bond model in a local context

AU - Kosmynin, Mikhail

AU - Jack, Sarah

PY - 2022/6/30

Y1 - 2022/6/30

N2 - Social Impact Bonds (SIBs) are gaining traction as a research topic. Using a longitudinal case study of a Norwegian social venture - Nature Magic - funded through a SIB model, this article explores the embedding process of a SIB model into a local context – diverging from previous research focused on empirical cases from the UK and USA and refining the social aspects of SIBs. We show that the SIB model is embedded through three processes: 1) cultivating opportunity; 2) pulling together; and 3) fostering experimentation and ‘mutation’. We find that these embedding processes were fostered through developing and activating bonding and bridging social capital. This study also extends our understanding of alternative investing by theorizing it as brokering. We find that social investors engage in brokering processes in facilitating collaboration between typically disconnected spheres - such as social ventures and municipalities - through these embedding processes.

AB - Social Impact Bonds (SIBs) are gaining traction as a research topic. Using a longitudinal case study of a Norwegian social venture - Nature Magic - funded through a SIB model, this article explores the embedding process of a SIB model into a local context – diverging from previous research focused on empirical cases from the UK and USA and refining the social aspects of SIBs. We show that the SIB model is embedded through three processes: 1) cultivating opportunity; 2) pulling together; and 3) fostering experimentation and ‘mutation’. We find that these embedding processes were fostered through developing and activating bonding and bridging social capital. This study also extends our understanding of alternative investing by theorizing it as brokering. We find that social investors engage in brokering processes in facilitating collaboration between typically disconnected spheres - such as social ventures and municipalities - through these embedding processes.

KW - Social impact bond

KW - Collaboration

KW - Embedding

KW - Alternative investment

KW - Brokering

U2 - 10.1016/j.jbvi.2021.e00297

DO - 10.1016/j.jbvi.2021.e00297

M3 - Journal article

VL - 17

JO - Journal of Business Venturing Insights

JF - Journal of Business Venturing Insights

SN - 2352-6734

M1 - e00297

ER -