Financialization and Social Impact Investing

  • Philipp Golka


This chapter provides a much-needed link between the state, financialization, and financial innovations such as social impact investing. Reviewing empirical literature, Golka shows how current scholarly perspectives either see the state as a constraint or an enabler for the spread of financial innovations. Sketching the development of social impact investing in Britain, Golka shows the limitations of both of these perspectives as the state not only had constraining and enabling influences but also broader ideational ones. However, state influence varies considerably across the numerous practices that are typically subsumed under the impact investing label. The author reveals these differences by analyzing social impact investing through his relational perspective that focuses on the link between financial and nonfinancial actors.


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Authors and Affiliations

  • Philipp Golka
    • 1
  1. 1.Sociology of Markets, Organizations and GovernanceFriedrich Schiller University JenaJenaGermany

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