Responsible investment has traditionally focused on the equities of listed firms. However, its principles can be applied to other asset classes. In this paper we are concerned with “Responsible Private Equity” (RPE), which can be defined as the use of private equity deals to finance initiatives that balance financial, social, and environmental considerations. We suggest that this emerging asset class has some strengths that could allow it to overcome the present financial turmoil: 1) RPE investors are effective providers of incentives; 2) they can provide to the portfolio firms knowledge, network and reputational resources that are crucial to the exploitation of business opportunities with a positive social or environmental impact.

DEL BOSCO, B., Misani, N. (2011). Private Equity as an Emerging Asset Class of Responsible Investment. In W. Vandekerckhove, J. Leys, K. Alm, B. Scholtens, S. Signori, H. Schäfer (a cura di), Responsible Investment in Times of Turmoil (pp. 113-134). Springer [10.1007/978-90-481-9319-6_7].

Private Equity as an Emerging Asset Class of Responsible Investment

DEL BOSCO, BARBARA
;
2011

Abstract

Responsible investment has traditionally focused on the equities of listed firms. However, its principles can be applied to other asset classes. In this paper we are concerned with “Responsible Private Equity” (RPE), which can be defined as the use of private equity deals to finance initiatives that balance financial, social, and environmental considerations. We suggest that this emerging asset class has some strengths that could allow it to overcome the present financial turmoil: 1) RPE investors are effective providers of incentives; 2) they can provide to the portfolio firms knowledge, network and reputational resources that are crucial to the exploitation of business opportunities with a positive social or environmental impact.
Capitolo o saggio
responsible private equity; corporate social responsibility; corporate governance; resourced-based theory; agency theory
English
Responsible Investment in Times of Turmoil
Vandekerckhove, W; Leys, J; Alm, K; Scholtens, B; Signori, S; Schäfer, H
2011
9789048193189
31
Springer
113
134
DEL BOSCO, B., Misani, N. (2011). Private Equity as an Emerging Asset Class of Responsible Investment. In W. Vandekerckhove, J. Leys, K. Alm, B. Scholtens, S. Signori, H. Schäfer (a cura di), Responsible Investment in Times of Turmoil (pp. 113-134). Springer [10.1007/978-90-481-9319-6_7].
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10281/100500
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