好事太多?影响投资应力测量的弊端

IF 0.4 Q4 BUSINESS, FINANCE Journal of Alternative Investments Pub Date : 2023-07-18 DOI:10.3905/jai.2023.1.194
J. Celse, G. Davies, G. Grolleau
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引用次数: 0

摘要

目前对影响测量的强调提出了几个挑战,包括道德方面的挑战。本文的作者并没有想当然地认为更多更好的度量对影响力投资的发展至关重要,而是质疑是什么驱动了这种度量狂热,并暴露了一些相关的陷阱。我们还开发了一些实用和原创的方法,以帮助影响投资运动避免一些与度量相关的陷阱,例如使数字不那么突出,并将它们与更多定性元素结合起来,减少度量超载的可能性,邀请投资者采用受益人的视角,或引入随机程序(排序)以让被忽视的利益相关者发表意见。
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Too Much of A Good Thing? Drawbacks of Stressing Measurement of Impact Investing
The current emphasis on impact measurement raises several challenges, including ethical ones. Rather than taking for granted that more and better measurements are crucial to the development of impact investing, the authors of this article question what drives this measurement mania and expose some related pitfalls. We also develop some practical and original ways to help the impact investing movement avoid some measurement-related traps, such as making numbers less salient and combining them with more qualitative elements, reducing the likelihood of metric overload, inviting investors to adopt the perspective of a beneficiary, or introducing random procedures (sortition) to give a voice to neglected stakeholders.
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来源期刊
CiteScore
1.50
自引率
14.30%
发文量
40
期刊介绍: The Journal of Alternative Investments (JAI) provides you with cutting-edge research and expert analysis on managing investments in hedge funds, private equity, distressed debt, commodities and futures, energy, funds of funds, and other nontraditional assets. JAI is the official publication of the Chartered Alternative Investment Analyst Association (CAIA®). JAI provides you with challenging ideas and practical tools to: •Profit from the growth of hedge funds and alternatives •Determine the optimal mix of traditional and alternative investments •Measure and track portfolio performance •Manage your alternative investment portfolio with proven risk management practices
期刊最新文献
Commodity Futures and Trend Inflation Inflation Hedging Potential of Infrastructure Sector and Sub-Sector Returns—Evidence from Emerging Markets Listed Real Estate in a Multi-Asset World: Does It Add Value? Too Much of A Good Thing? Drawbacks of Stressing Measurement of Impact Investing Editor’s Letter
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