{"title":"好事太多?影响投资应力测量的弊端","authors":"J. Celse, G. Davies, G. Grolleau","doi":"10.3905/jai.2023.1.194","DOIUrl":null,"url":null,"abstract":"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.","PeriodicalId":45142,"journal":{"name":"Journal of Alternative Investments","volume":null,"pages":null},"PeriodicalIF":0.4000,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Too Much of A Good Thing? Drawbacks of Stressing Measurement of Impact Investing\",\"authors\":\"J. Celse, G. Davies, G. Grolleau\",\"doi\":\"10.3905/jai.2023.1.194\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"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.\",\"PeriodicalId\":45142,\"journal\":{\"name\":\"Journal of Alternative Investments\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.4000,\"publicationDate\":\"2023-07-18\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Alternative Investments\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.3905/jai.2023.1.194\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q4\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Alternative Investments","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.3905/jai.2023.1.194","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
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.
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