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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 jobs for minorities — all of which contribute to the social inclusion of marginalized communities and the development of sustainable cities.
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Preprints, Working Papers, ...
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https://hal-hec.archives-ouvertes.fr/hal-03031917
Contributor : Antoine Haldemann <>
Submitted on : Monday, November 30, 2020 - 4:44:59 PM
Last modification on : Thursday, December 10, 2020 - 3:45:50 AM

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  • HAL Id : hal-03031917, version 1

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Romain Boulongne, Rodolphe Durand, Caroline Flammer. Impact Investing and the Fostering of Entrepreneurship in Disadvantaged Urban Areas: Evidence from Microdata in French Banlieues. 2020. ⟨hal-03031917⟩

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