Формирование экосистемы импакт-инвестирования в современных условиях

Abstract

The subject of the study is the investment processes that arise during the implementation of Russia's social policy aimed at solving problems of improving the quality of life of society. The purpose of this study is impact investment, which is actively used for the implementation of social and environmental projects. Due to the fact that the dynamics of its volumes in the world in recent years has shown steady growth against the background of the developing global trends of the financial crisis, the objectives of the work are to establish the characteristics of the ecosystem of impact investment in Russia, to determine the factors constraining its development. Based on the analysis of the concept of impact investment, interpreted differently in the works of various authors, the main participants in the impact investment process are identified, criteria that distinguish transformative investment from other forms of money investment are identified. The author's model of the impact investment ecosystem is proposed, focused on the national architecture of the financial market. It is concluded that it is necessary to develop separate areas of methodological apparatus for impact investment analysis. It allows not only to describe the interaction of the main participants in this process and financial instruments, but also a system of specific assessment, which can subsequently be laid down as the basis for management decisions by investors and managers of socially significant social and environmental projects.