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By David Nicola and Cathy Clark This paper serves as the environmental response to a McKinsey & Company paper on Social Impact Bonds (SIBs) issued in May 2012. SIBs are the “hot topic” in the world of impact investing, yet …

By Cathy Clark, Jed Emerson and Ben Thornley Impact investing is at an inflection point, building off the rich histories of community finance in the United States and other countries, microfinance, international development, and the integration of ESG factors (Environmental, …

By Cathy Clark, Jed Emerson and Ben Thornley Impact investing is taking shape as a distinct activity, with its own unique stakeholder relationships and operational strategies. As dozens of new funds are created explicitly to tackle the world’s most intractable …

By Cathy Clark and Jed Emerson Chapter in “Investing for Impact: How Social Entrepreneurship is Redefining the Meaning of Return.” How do impact investors know when they are truly creating impact? This practical guide explores cutting edge trends in impact …

By Jamie Attard Can we use the power of financial markets to drive long-term positive outcomes? Can financial markets incentivize beneficial behaviors? Can financial markets shift the focus of development towards the demands of the poor? The author believes the …

By Beth Bafford Social Impact Bonds were recently introduced as a new, innovative way to strengthen social service delivery, improve government spending, and develop impact measurement. While there is potential for this structure to be effective, the excitement surrounding this …

By Cathy Clark Prof. Clark attended the 2011 White House/Aspen Institute meeting on “Building an Impact Economy in America” and shares the critical ideas emerging from that meeting. CASENotes, 2011 Article_Clark_BuildingAnImpactEconomyBlogPost_2011