"The Global State of Social Enterprise report examines the transformative role that social enterprises play in addressing some of the most pressing global challenges. At a time when the world is grappling with unprecedented social, environmental and economic issues, the scope and scale of social enterprises are under- recognized while their contributions have never been more critical."

"A previous British International Investment (BII) Insights paper showed that periods of higher private investment are historically associated with more rapid reductions in extreme poverty.1 That does not mean investment and economic growth always result in poverty reduction. This paper draws on the experiences of many developing countries to shine a light on when growth reduces poverty, and when it does not. Its ultimate objective is to clarify the role of private sector development finance institutions (DFIs) in the context of overall development policy, and the need for different forms and sources of investment and support that complement each other."

"Microfinance has gained significant attention as a social innovation, offering flexible and low-cost financial services to households who are otherwise excluded from formal financial services. Over the years, numerous research works have expanded the knowledge base of microfinance. Applying bibliometrics, we summarise findings from 1599 articles published between 1987 and 2022. Our performance analysis reveals insights into the research trend, including its geographical distribution, the theories under examination, and the most influential publications. More importantly, the knowledge foundation and thematic analysis categorize microfinance research into three broad themes, viz. impact of microfinance, management of microfinance and performance and efficiency of microfinance."

"One of the ways to understand the success of impact investing firms is to examine how they add value to the social enterprises they invest. Did their investment boost social and/or environmental change? And what type of support, beyond financial capital, can they provide to enhance impact? Drawing on a design-based methodology, we seek to address some of these questions by developing a tool called the Impact Oriented Value Framework. Putting impact at the centre of the funds' purpose, the framework provides actionable solutions to infuse impact into investors’ non-financial support strategies and activities, enhancing their additionality to portfolio companies as well as their contribution to the impact ecosystem."

"Using a unique sample of retail impact investors, this study evaluates how investors deal with the challenge of aligning their financial and their nonfinancial goals. We find that investors with stronger nonfinancial motives are more likely to expect the overperformance of an impact investment and the underperformance of traditional equity and bond investments than investors with weaker nonfinancial motives. This cross-asset relationship between nonfinancial motives and expected performance indicates that investors form expectations that fit with the investment decisions that their nonfinancial motives are likely to motivate. We also find that after experiencing losses, investors with stronger nonfinancial motives are less likely to revise their expectation that the impact investment will underperform and more likely to expect that the impact investment will overperform than other investors. Our findings provide further evidence that preferences can affect expectations, and challenge conclusions drawn from observed behavior regarding investors’ willingness to pay for impact."

"We examine spillover and hedging among impact investing and agricultural commodities. Results demonstrate that impact investing is a prominent spillover transmitter during both calm conditions and crises, while agricultural commodities are typically receivers. Analysis indicates that hedging effectiveness is enhanced by portfolios containing impact investing and agricultural products, with this more so during crises. Additionally, analysis reveals that irrespective of position on the risk aversion spectrum, investors gain utility substantially by including impact investing and agricultural assets, even considering transaction costs. These findings add to the extant literature and offer practical implications for investors, fund managers, and policymakers regarding risk management perspectives and portfolio diversification."

"This report examines key assumptions held by development practitioners – in terms of the productivity, employment-generation capacity, and inclusivity of SMEs – and assesses the extent to which they are supported by robust empirical evidence."

"SMEs are diverse in their size and nature, and their financing needs differ accordingly. Equity can be important, especially for firms with growth ambitions, but the focus of this paper is on lending. While British International Investment (BII) has 65 years of experience in supporting SME finance in developing economies, we focus here on the evolution of our approach to SMEs since 2012, and how our journey has led to our latest innovation: Growth Investment Partners (GIP), a new specialist SME financing business we have created in Ghana."

"Endeavor Insight partnered with HSBC to examine the challenges that climate tech founders face as they scale their companies, and the opportunities for investors and supporters to help them succeed. This study demonstrates how global connectivity can further drive innovation and highlights what decision makers can do to better support female-led and minority-led companies."

The report by the Enrich in Africa Center (EiA-C) emphasizes the significance of funding for fostering innovation ecosystems in Africa and addresses the trends in funding activities from 2020 to 2023. It examines grant funding data from nine major funders, alongside insights from interviews with key stakeholders. The analysis encompasses both the broader innovation funding ecosystem and specific support for ecosystem activities and organizations. By providing data and intelligence, the report aims to empower both funders and recipients to build sustainable and impactful innovation ecosystems in Africa, highlighting EiA-C's role in facilitating collaboration and knowledge exchange among stakeholders.