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Rodolphe DURAND (HEC Paris) – "Impact Investing and the Fostering of Entrepreneurship in Disadvantaged Urban Areas: Evidence from Microdata in French Banlieues"
Time: 03:00 pm – 4:00 pm
Date: 20th of October 2020
by visio
Rodolphe DURAND (HEC Paris) – “Impact Investing and the Fostering of Entrepreneurship in Disadvantaged Urban Areas: Evidence from Microdata in French Banlieues”
Abstract: We examine whether impact investing is more effective in fostering business venture success and social impact when directed toward ventures located in vs. outside disadvantaged urban areas (i.e., areas with high crime, unemployment, and poverty). We explore this question in the context of loans made to business ventures located in French “banlieues” vs. “non-banlieues”. We find that loans issued to banlieue ventures,compared to non-banlieue ventures, yield greater improvements in financial performance, as well as greater social impact in terms of the creation of local employment opportunities, quality jobs, and non-discriminatory jobs—all of which contribute to the social inclusion of marginalized communities and the development of sustainable cities.
Joint with Romain Boulongne (IESE Business School) and Caroline Flammer (Boston University)
Organizers:
Benoît SCHMUTZ (Laboratoire de Microéconométrie-CREST)
Anthony STRITTMATTER (Laboratoire de Microéconométrie-CREST)
Sponsors:
CREST
Time: 03:00 pm – 4:00 pm
Date: 20th of October 2020
by visio
Rodolphe DURAND (HEC Paris) – “Impact Investing and the Fostering of Entrepreneurship in Disadvantaged Urban Areas: Evidence from Microdata in French Banlieues”
Abstract: We examine whether impact investing is more effective in fostering business venture success and social impact when directed toward ventures located in vs. outside disadvantaged urban areas (i.e., areas with high crime, unemployment, and poverty). We explore this question in the context of loans made to business ventures located in French “banlieues” vs. “non-banlieues”. We find that loans issued to banlieue ventures,compared to non-banlieue ventures, yield greater improvements in financial performance, as well as greater social impact in terms of the creation of local employment opportunities, quality jobs, and non-discriminatory jobs—all of which contribute to the social inclusion of marginalized communities and the development of sustainable cities.
Joint with Romain Boulongne (IESE Business School) and Caroline Flammer (Boston University)
Organizers:
Benoît SCHMUTZ (Laboratoire de Microéconométrie-CREST)
Anthony STRITTMATTER (Laboratoire de Microéconométrie-CREST)
Sponsors:
CREST