Advertisement

Investing in Sustainable Entrepreneurship and Business Ventures in the Developing World: Key Lessons and Experiences of EcoEnterprises Fund

  • Tammy E. Newmark
  • Jacob Park
Part of the The Palgrave Series on Global Sustainability book series (GSB)

Abstract

Rapid growth of the global economy has accelerated the degradation of the Earth’s most important asset: the environment. With the world’s population increasing, the demand on natural resources to cover even basic human needs is intensifying, and finding ways to meet those needs without exhausting our finite resource base will be imperative. The good news is that there is an emerging realization that economic growth does not have to come at the environment’s expense. Around the world, passionate entrepreneurs are introducing innovative products and ways of doing business that use natural resources sustainably and can help ensure their long-term viability.

Keywords

Corporate Social Responsibility Venture Capital Corporate Social Performance Social Entrepreneurship Social Entrepreneur 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Anderson, T. L., and D. R. Leal. 1997. Enviro-capitalists: Doing good while doing well. Boston, MA: Rowman & Littlefield.Google Scholar
  2. Aspen Network for Development Entrepreneur (ANDE) 2010. http://www.aspeninstitute.org/policy-work/aspen-network-development-entrepreneurs (accessed April 24, 2010).
  3. Austin J., H. Leonard, E. Reficco, and J. Wei-Skillern. 2006. Corporate social entrepreneurship: The new frontier. In The accountable corporation. Volume 3: Corporate social responsibility, ed. M. Epstein and K. Hanson. Westport, CT: Praeger.Google Scholar
  4. Austin, J., H. Stevenson, and J. Wei-Skillern. 2006. Social and commercial entrepreneurship: Same, different, or both? Entrepreneurship: Theory and Practice 30(1): 1–22.Google Scholar
  5. Barreiro, V., M. Hussels, and B. Richards. 2009. On the frontiers of finance: Scaling up investments in sustainable small and medium enterprises in developing countries. Washington, D.C.: World Resources Institute.Google Scholar
  6. Bielak, D. B., S. Bonini, and J. M. Oppenheim. 2007. CEOs on strategy and social issues. McKinsey Quarterly (October): 1–8.Google Scholar
  7. Borstein, D. 2004. How to change the world: Social entrepreneurs and the power of new ideas. Oxford, UK: Oxford University Press.Google Scholar
  8. Chatterji, A., D. Levine, and M. Toffel. 2007. How well do social ratings actually measure corporate social responsibility? Working Paper No. 33 Cambridge, MA: Kennedy School of Government, Harvard University.Google Scholar
  9. Dean, T., and J. McMullen. 2007. Toward a theory of sustainable entrepreneurship: Reducing environmental degradation through entrepreneurial action. Journal of Business Venturing 22(1): 50–76.CrossRefGoogle Scholar
  10. Drucker, P. 1985. Innovation and entrepreneurship. Oxford, UK: Butterworth-Heinemann.Google Scholar
  11. Eco Enterprises Fund. http://www.ecoenterprisesfund.com/portfolio.html (accessed April 24, 2010).
  12. Frankental, P., and F. House. 2000 Human rights—is it any of your business? London: Amnesty International UK and the Prince of Wales Business Leaders Forum.Google Scholar
  13. Freireich, J., and K. Fulton. 2009. Investing for social and environmental impact: Design for catalyzing an emerging industry. Boston, MA: Monitor Group.Google Scholar
  14. Global Impact Investing Network (GIIN). 2010. http://www.globalimpactinvestingnetwork.org (accessed April 24, 2010).
  15. Haufler, V. 2006. Global Finance, Power and Social Purpose. Paper presented at the Annual Meeting of the International Studies Association (March 21–26). 2006.Google Scholar
  16. Hill, R. P., T. Ainscough, T. Shank, and D. Manullang. 2007. Corporate social responsibility and socially responsible investing: A global perspective. Journal of Business Ethics 70(2): 165–174.CrossRefGoogle Scholar
  17. Ivanko, J. D, and L. Kivirist. 2008. Ecopreneuring: Putting purpose and the planet before profits. Gabriola Island, BC: New Society.Google Scholar
  18. Larson, A. 2000. Sustainable innovation through an entrepreneurship lens. Business Strategy and the Environment 9: 304–317.CrossRefGoogle Scholar
  19. MacLeod, M., and J. Park. Forthcoming. Financial activism and global climate change: The rise of investor-driven governance networks. Global Environmental Politics.Google Scholar
  20. Mair, J., and K. Ganly. 2010. Social entrepreneurs: Innovating toward sustainability. In State of the world 2010: Transforming cultures: From consumerism to sustain-ability, ed. J. Mair and K. Ganly (pp 103–109). New York and London: W. W. Norton & Company, 103–109.Google Scholar
  21. Margolis, J., and J. Walsh. 2001. People and profits?: The search for a link between a company’s social and financial performance. Mahwah, NJ: Lawrence Erlbaum Associates.Google Scholar
  22. Mercer. 2009. Shedding light on responsible investment: Approaches, returns, and impacts. Toronto: Mercer Investment Consulting.Google Scholar
  23. Mercer. 2006. Perspectives on responsible investing. Toronto: Mercer Investment Consulting.Google Scholar
  24. Newmark, T. 2009. Green venture capital. Americas Quarterly (Fall): 96–97.Google Scholar
  25. Park J. 2004. Business and human rights: Mixing profit and principles in the global marketplace. Journal of Corporate Citizenship 13: 24–27.CrossRefGoogle Scholar
  26. Park J. Forthcoming. Responsible investing: Challenges and opportunities for sustainable strategic management in the global context. International Journal of Sustainable Strategic Management.Google Scholar
  27. Parthiban, D., M. Bloom, and A. Hillman. 2007. Investor activism, managerial responsiveness, and corporate social performance. Strategic Management Journal 28(1): 91–100.CrossRefGoogle Scholar
  28. Pralahad, C. K. 2004. The fortune at the bottom of the pyramid: Eradicating poverty through profits. Philadelphia: Wharton School Publishing.Google Scholar
  29. Schaltegger, S., and H. Petersen. 2001. Ecopreneurship: Konzept und Typologie. Lüneburg/Luzern, Germany: Center for Sustainability Management.Google Scholar
  30. Schaper, M. 2002. The challenge of environmental responsibility and sustainable development: Implications for SME and entrepreneurship academics. In Radical changes in the world: Will SMEs soar or crash? Ed. U. Füglistaller, H. J. Pleitner, T. Volery, and W Weber (pp. 525–534). St. Gallen, Switzerland: Rencontres de St. Gallen.Google Scholar
  31. Schaper, M. ed. 2005. Making ecopreneurs: Developing sustainable entrepreneurship. Surrey, UK: Ashgate Publishing.Google Scholar
  32. Schumpeter, J. A. 1934. The theory of economic development. New Brunswick, NJ: Transaction.Google Scholar
  33. Schumpeter, J. A. 1950. Capitalism, socialism and democracy. New York: Harper and Row.Google Scholar
  34. Sustain Ability 2008. The social intrapreneur: A field guide for corporate changemakers. London: SustainAbility.Google Scholar
  35. UN Economic and Social Commission for Asia and the Pacific (UNESCAP). 2005. Energy services for sustainable development in rural areas in Asia and Pacific policy and practice. Energy Resources Development Series No. 40, Bangkok: UNESCAP.Google Scholar
  36. Vernon, R. 1977 Storm over the multinationals: The real issues. Cambridge, MA: Harvard University Press.CrossRefGoogle Scholar
  37. World Resources Institute, UN Development Program, UN Environment Program, and the World Bank. 2008. World resources report: Roots of resilience. Washington, D.C.: World Resources Institute.Google Scholar
  38. Yago, G., D. Roveda, and J. White. 2007 Transatlantic innovations in affordable capital for small and medium-sized enterprises: Prospects for market-based development finance. Washington, D.C.: German Marshall Fund of the U.S.Google Scholar

Copyright information

© James A. F. Stoner and Charles Wankel 2010

Authors and Affiliations

  • Tammy E. Newmark
  • Jacob Park

There are no affiliations available

Personalised recommendations