Text network analysis on impact investment to promote social economy in developing countries

Year: 2019
Published in: EMES Selected Conference Papers
Cited as: Jeon, J., (2019). Text network analysis on impact investment to promote social economy in developing countries. EMES Selected Conference Papers.

Text network analysis on impact investment to promote social economy in developing countries.

Traditional businesses and philanthropy, which once considered as the opposite ends of investment spectrum, started to be blended for more development resources. Impact investment is one of the new types of investment to mobilize more capital. Since the emergence of the concept in 2007, interest and research on impact investment has growing rapidly as it can be analyzed with triple bottom line framework; financial, social and environmental. In particular, as impact investment drew attention as a way to establish social economy in developing countries, most research is studying on the relationship of social enterprises and impact investment. To review the level of academic development and suggest new areas to research, this paper provides a microscopic review of current studies on impact investment, using text network analysis. Through the study, it was found that the research on impact investment is still mainly focusing on its economic value, but started to consider social value. Moreover, the study on environmental value of impact investment is in shortage. The trend of research was also analyzed through keyword network and keyword trend. Text network analysis on impact investment provides scholars with an overview of research trend and suggestions to advance their studies on impact investment.