+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Regional Economics: Theory and Practice
 

Strategic priorities of impact investing in the regions of Russia

Vol. 23, Iss. 3, MARCH 2025

PDF  Article PDF Version

Received: 2 September 2024

Accepted: 10 October 2024

Available online: 27 March 2025

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: О1, О3

Pages: 164-185

https://doi.org/10.24891/re.23.3.164

Ekaterina O. AZIZI BRICS University (UniBRICS), Moscow, Russian Federation
azizi.ekaterina@gmail.com

https://orcid.org/0000-0001-5884-1986

Subject. This article discusses the issues related to the social sphere’s development and investment resources formation.
Objectives. The article aims to identify non-financial factors that enhance the investment attractiveness of economic projects.
Methods. For the study, I used the general scientific research methods.
Results. The article finds that medicine, sports, education, and ecology are the main strategic ares of impact investing in the subjects of the Russian Federation.
Conclusions. Social and environmental factors must be taken into account when carrying out investment activities and preparing reporting. Impact investment yields returns comparable to market levels with a similar risk profile. To increase the investment attractiveness of social and environmental projects, a unified assessment of non-financial effects that are of the greatest importance to potential investors is essential.

Keywords: regional management, investment strategy, impact investments, non-financial investment effects

References:

  1. Avramenko E.P. [Universal milestone: the global impact investing network’s approach to assessing social impact]. Pozitivnye izmeneniya = Positive Changes, 2022, vol. 2, no. 1, pp. 22–43. (In Russ.)
  2. Azizi E.O. [Theoretical aspects of impact transformation of economic systems]. Finansy i kredit = Finance and Credit, 2022, vol. 28, iss. 10, pp. 2265–2284. (In Russ.) URL: Link
  3. Azizi E.O., Azizi O., Klevtsov V.V. [Impact investments: world experience and features of the Russian market]. Fundamental'nye issledovaniya = Fundamental Research, 2022, no. 3, pp. 7–12. (In Russ.) URL: Link
  4. Varavin E.V., Kozlova M.V., Kuur O.V., Pestunova G.B. [Assessment of investment attractiveness of regional industries in the context of green development]. Ekonomika regiona = Economy of Region, 2023, vol. 19, no. 2, pp. 494–510. (In Russ.) URL: Link
  5. Dreving S.R., Borisova O.V. [Formation of the impact investment ecosystem in modern conditions]. Ekonomika. Nalogi. Pravo = Economics, Taxes & Law, 2023, vol. 16, no. 4, pp. 35–42. URL: Link (In Russ.)
  6. Kosobokov A.Yu., Nadezhdina O.S. [Impact investment as a tool for regional innovation policy in the social sphere]. Ekonomicheskie nauki = Economic Sciences, 2023, no. 218, pp. 231–235. (In Russ.) URL: Link
  7. Matevosyan L.M., Basaev Z.V. [Features of the development of impact investing in foreign and Russian practice]. Ekonomika i upravlenie: problemy, resheniya = Economics and Management: Problems, Solutions, 2022, vol. 1, no. 4, pp. 124–138. (In Russ.) URL: Link
  8. Myakshin V.N., Petrov V.N., Pesiakova T.N. [Methodology for assessing the effectiveness of investment policy in Russian regions]. Ekonomika regiona = Economy of Region, 2023, vol. 19, no. 1, pp. 259–273. (In Russ.) URL: Link
  9. Pankrukhina A.M., Lifanovskaya O.V., Petrenko M.T. [Impact investing as a tool to improve the efficiency of solving problems in the social sphere]. Vestnik Evraziiskoi nauki, 2023, vol. 15, no. S2. (In Russ.) URL: Link
  10. Savrasova D.V. [Impact investing as a new direction of financing]. Finansy i kredit = Finance and Credit, 2019, vol. 25, iss. 10, pp. 2207–2216. (In Russ.) URL: Link
  11. Tyutyukina E.B., Melnikov R.M., Sedash T.N., Egorova D.A. [The impact of the Russian environmental policy on regional investments in environmental protection]. Ekonomika regiona = Economy of Region, 2023, vol. 19, no. 1, pp. 192–207. (In Russ.) URL: Link
  12. Islam S.M. Impact Investing in Social Sector Organizations: A Systematic Review and Research Agenda. Accounting & Finance, 2022, vol. 62, iss. 1, pp. 709–737. URL: Link
  13. Juddoo K., Malki I., Mathew S., Sivaprasad S. An Impact Investment Strategy. Review of Quantitative Finance and Accounting, 2023, vol. 61, iss. 1, pp. 177–211. URL: Link
  14. Kamenova M., Zhanteleuova G., Maidankyzy B. et al. Social Investing as Tool to Improve the Quality of Life. Implications for the Sustainable Development and Environmental Vulnerability. Journal of Environmental Management and Tourism, 2023, vol. 14, iss. 3, pp. 842–855. URL: Link.22
  15. Mollinger-Sahba A., Flatau P., Schepis D., Purchase S. New Development: Complexity and Rhetoric in Social Impact Investment. Public Money & Management, 2020, vol. 40, iss. 3, pp. 250–254. URL: Link
  16. Lo A.W., Zhang R. Quantifying the Impact of Impact Investing. Management Science, 2024, vol. 70, iss. 10, pp. 7161–7186. URL: Link
  17. Busch T., Bruce-Clark P., Derwall J. et al. Impact Investments: A Call For (Re)orientation. SN Business & Economics, 2021, vol. 1, iss. 2. URL: Link
  18. Bakker V., Van Vliet O. Social Investment, Employment and Policy and Institutional Complementarities: A Comparative Analysis across 26 OECD Countries. Journal of Social Policy, 2022, vol. 51, no. 4, pp. 728–750. URL: Link
  19. Temür A.S., Yıldız Ş. Comparison of Forecasting Performance of ARIMA LSTM and HYBRID Models for the Sales Volume Budget of a Manufacturing Enterprise. Istanbul Business Research, 2021, vol. 50, iss. 1, pp. 15–46. URL: Link

View all articles of issue

 

ISSN 2311-8733 (Online)
ISSN 2073-1477 (Print)

Journal current issue

Vol. 23, Iss. 3
March 2025

Archive

Видите ошибку в отчестве? Отключите перевод, это английская версия сайта!