Summary: | 碩士 === 國立中山大學 === 財務管理學系研究所 === 107 === Impact investment has started to develop in recent years, providing investors an investment tool that can bring financial returns along with positive benefits to society. It also helps solve the problem of insufficient capital for social enterprises, and indirectly helps the government to solve social problems. The impact investment market has growth rapidly. Within five years, the investment scale has grown by 127%. It will also be a trend in the future. In the past, most government departments dealt with social issues, but social problems emerged in an endless stream. If you only rely on the public sector, you will not be able to completely solve them. Therefore, the concept of multi-stakeholder partnerships comes out, such as the most representative Social benefits bonds (SIBs). This paper also focuses on the development of the social impact fund in Taiwan, and does the following research with this core question. Since Taiwan has not yet issued a Social Impact Fund, we will refer to foreign cases and conduct case studies. We hope to explore the feasibility of issuing social impact funds through existing foreign cases and study the development of influence in Taiwan. The investment market expects to be realized in Taiwan in the future and actually develops impact investment tools. This study finds that before establishing a social impact fund or an impact investment tool, it is necessary to first construct a sound investment market. The three most important factors are: a clear definition, a unified measurement standard, and amendments to the regulatory system. Doing these points well will certainly accelerate its formation and development.
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