Are Social Impact Bonds an Innovation in Finance or Do They Help Finance Social Innovation?

Innovation in Finance to Finance Innovation: Supporting pro-poor entrepreneur-based innovation

This thesis proposed a new way of conceptualising financing of pro-poor innovation in rural areas by focusing on pro-poor entrepreneur-based innovation (PEBI) and by considering the knowledge flows in different parts of the financial system. Empirically, the thesis found that the Indian banking system does not efficiently support rural PEBI. Instead an alternative financing sector has emerged r...

The Impact of Social Capital on Innovation in Selected Countries

Using panel data method, this study examines the effects of different dimensions of social capital on innovation at the societal level across 21 countries (19 Asian countries plus Russia and Egypt) for the period 1995-2011. Dimensions of social capital that have been considered in this study include generalized trust, trust toward friends, institutional trust, civic participation, and norms of ...

Structural & Social Integration : Help or Hindrance to Bottom - up Innovation ?

Innovation, Trade and Finance * P E

The paper proposes a model where heterogeneous firms choose whether to undertake R&D or not. Depending on R&D choice, innovative firms are more productive, have larger investment opportunities and lower own funds than non-innovating firms. As a result, innovative firms are financially constrained while standard firms are not. The efficiency of the financial sector and a coun-try's institutional...

The Determination of Social Needs as Drivers of Social Innovation

Social innovation has been contextualized as a new way of resolving deeply entrenched development issues. The identification and resolution of social needs is said to be the driving force of social innovation. With features such as sustainability and scalability, social innovation has the potential to change the way we perceive and engage with development in the future. This research takes a cr...