Northampton Electronic Collection of Theses and Research

Intermediary perceptions of investment readiness in the UK social investment market

Hazenberg, R., Seddon, F. A. and Denny, S. (2015) Intermediary perceptions of investment readiness in the UK social investment market. VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations. 26(3) 0957-8765.

Item Type: Article
Abstract: The ‘social investment market’ in the United Kingdom is a growth area due to the governments’ focus upon building up the supply-side element of the market over the last decade, often through the direct financing of ‘social and investment finance intermediaries’ (SIFIs). However, this ignores problems that can occur on the demand-side of the social investment market, such as a lack of ‘investment readiness’ amongst social enterprises seeking investment. Indeed, whilst there is now a significant body of policy-based and practitioner research exploring the social investment market, there remains a paucity of empirical academic research. The research reported in this paper sought to explore SIFI perceptions of what constituted investment readiness in the social investment market. Semi-structured interviews were held with the fund managers (or relevant personnel) at 15 SIFIs in order to explore what they believed constituted investment readiness and how they assessed this. The results indicate that the conception of investment readiness in the social investment market is similar to that held in mainstream financial markets. The results are discussed in relation to the prior literature and theories of the social investment market.
Uncontrolled Keywords: Social finance, social enterprise, social investment, investment readiness, UK
Creators: Hazenberg, Richard, Seddon, Frederick A and Denny, Simon
Date: 1 June 2015
Date Type: Publication
Journal or Publication Title: VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations
Volume: 26
Number: 3
Language: English
DOI: https://doi.org/10.1007/s11266-014-9473-y
ISSN: 0957-8765
Status: Published / Disseminated
Refereed: Yes
URI: http://nectar.northampton.ac.uk/id/eprint/11071

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