Social Impact Investment Behavior in the Nonprofit Sector: First Insights from an Online Survey Experiment

Social Impact Investment Behavior in the Nonprofit Sector: First Insights from an Online Survey... This study investigates the social impact investment behavior of private investors in a nonprofit setting. In particular, the influences of three effects—financial return, social impact, and age—on social impact investment behavior are tested in an online survey experiment. The study sample includes bank clients (N = 145) from Germany’s first and largest bank exclusively focused on social and ecological investments. The results with regard to the financial return effects are in line with for-profit research that social impact investors are willing to accept 1% lower financial returns. In addition, younger philanthropists are more likely to contribute part of their money to social impact investments. Further findings reveal that the perceived innovativeness of the project has a consistently positive effect on social impact investment behavior. People with certain profile characteristics (e.g., entrepreneurial spirits) also are more likely to participate in social impact investments. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations Springer Journals

Social Impact Investment Behavior in the Nonprofit Sector: First Insights from an Online Survey Experiment

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Publisher
Springer US
Copyright
Copyright © 2017 by International Society for Third-Sector Research and The Johns Hopkins University
Subject
Social Sciences; Social Sciences, general; Political Science; Social Policy
ISSN
0957-8765
eISSN
1573-7888
D.O.I.
10.1007/s11266-017-9886-5
Publisher site
See Article on Publisher Site

Abstract

This study investigates the social impact investment behavior of private investors in a nonprofit setting. In particular, the influences of three effects—financial return, social impact, and age—on social impact investment behavior are tested in an online survey experiment. The study sample includes bank clients (N = 145) from Germany’s first and largest bank exclusively focused on social and ecological investments. The results with regard to the financial return effects are in line with for-profit research that social impact investors are willing to accept 1% lower financial returns. In addition, younger philanthropists are more likely to contribute part of their money to social impact investments. Further findings reveal that the perceived innovativeness of the project has a consistently positive effect on social impact investment behavior. People with certain profile characteristics (e.g., entrepreneurial spirits) also are more likely to participate in social impact investments.

Journal

VOLUNTAS: International Journal of Voluntary and Nonprofit OrganizationsSpringer Journals

Published: Jun 8, 2017

References

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