This handbook provides an engaging and comprehensive analysis of social finance, a developing and important topic. In five sections, it presents social finance through a broad lens, encompassing both theoretical and practical content. Section I provides background material on social finance. Section II examines the various tools and mechanisms of social finance, providing numerous examples of its implementation. Section III examines social finance in various countries and economies, presenting specific examples of social finance, including both successes and failures. Section IV explores several ongoing issues and debates related to social finance. Section V identifies major obstacles and opportunities facing social finance and contemplates its future. Of interest to researchers, students, practitioners, and policymakers, this handbook fills a gap by demonstrating how social finance is a growing and dynamic force in finance worldwide.
Section I. The Social Finance Landscape.
Chapter 1: Social Finance: An
Overview.
Chapter 2: Origins and Evolution of Social Finance: Changing the
Role of Business in Society.
Chapter 3: The Social Finance Ecosystem:
Investors, Social Enterprises, Social Finance Institutions, Policy Actors,
and Intermediaries.
Chapter 4: Variations of a Social Finance Theme:
Socially Responsible Investing, ESG, Sustainable Investing, and Impact
Investing.
Chapter 5: Factors Driving the Growth of Social Finance.
Chapter
6: Social Finance: A Strategic Literature Review and Bibliometric Analysis.-
Section II. Innovative Social Finance Tools and Mechanisms.
Chapter 7:
Impact Bonds Social and Development.
Chapter 8: Development Funding
(Community Development Finance).
Chapter 9: Social Funds in Developing
Countries and Beyond.
Chapter 10: Impact Investing: Harnessing
Entrepreneurship, Innovation and Capital to Power Social Improvement.-
Chapter 11: Social Banking: Financial Opportunities and Social Inclusion.-
Chapter 12: The Social Impact of Microfinance.
Chapter 13: Social Venture
Capital and Sustainable Venture Funds.
Chapter 14: Crowdfunding in Social
Finance.- Section III. Social Finance in Different Countries and Economies:
Successes and Failures.
Chapter 15: Examples of Social Finance in Different
Countries.
Chapter 16: Social Finance in Frontier and Emerging Markets:
Successes and Failures.
Chapter 17: Social Finance in Developed Markets:
Successes and Failures.- Section IV. Ongoing Issues and Debates.
Chapter 18:
Measuring the Impact of Social Finance: Social Return on Investment (SROI)
and Beyond.
Chapter 19: Risk Mitigation in Social Finance.
Chapter 20:
Islamic Social Finance and Banking: Promoting Shared Prosperity.
Chapter 21:
Regulating Social Finance: A Pressing Challenge.
Chapter 22: Does a Link
Exist between Digital Finance, Green Finance, and Social Finance?.
Chapter
23: The Social Impact of Fintech.- Section V. Obstacles, Opportunities, and
Future Directions of Social Finance.
Chapter 24: Social Finance: Obstacles
and Opportunities.
Chapter 25: Social Finance: Past, Present, and Future.-
Chapter 26: Future Directions of Social Finance.
H. Kent Baker, CFA, CMA, is a University Professor of Finance at the Kogod School of Business, American University. He is an award-winning author who has authored or edited 46 books, including several textbooks. Professor Baker has also published more than 220 peer-reviewed academic journal articles, plus over 160 other articles, monographs, book chapters, proceedings, and 350 book reviews and abstracts. He was ranked among the top 2% of scientists in the world by Stanford University in 2024. Professor Baker holds eight earned degrees, including three doctorates.
Greg Filbeck, CFA, FRM, CAIA, CIPM, FDP, PRM, holds the Samuel P. Black III Professor of Finance and Risk Management at Penn State Behrend and serves as Vice Chancellor and Associate Dean of Academic Affairs. He previously served as the Director of the Black School of Business from 2016 to 2023. Before joining the Faculty at Penn State Behrend in 2006, he served as Senior Vice President of Kaplan Schweser from 1999 to 2006, overseeing all content and curriculum development. He also held academic appointments at Miami University (Ohio) and the University of Toledo, where he served as Associate Director of the Center for Family Business.
Halil Kiymaz, CFA, is Bank of America Professor of Finance at Crummer Graduate School of Business, Rollins College. He also served as the Faculty Director of the Key Executive MBA Program and AACSB Faculty Coordinator. Before joining the Crummer School in 2004, Professor Kiymaz taught at the University of HoustonClear Lake, Bilkent University, and the University of New Orleans. He also holds visiting professorships in finance at various international universities. He has the Chartered Financial Analyst (CFA) designation and served at the CFA Institute in various capacities.
