The role of the entrepreneurial university and engaged scholarship in impact investing capacity building, in the global handbook of impact investing

Richard Harrison, Suwen Chen

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)peer-review

Abstract

If the University of the nineteenth century was governed primarily by a teaching and education mission and that of the twentieth century by a research mission, the University of the twenty-first century will be driven by a prosocial engagement mission in which Impact Investing could be the accelerator of this epic transformation. Universities are increasingly being required to be more socially and environmentally responsible in creating a sustainable and resilient society, in the context of the triple bottom line, United Nations Sustainable Development Goals (SDGs), and Net-Zero. This chapter reviews the changing nature of the contemporary university, in which the tension between rigor and relevance is increasingly being resolved in favor of relevance as engaged scholarship, evidence-based research, and practitioner-led Mode 2 type research become more prominent. Using the ‘entrepreneurial university’ as a framing construct, we explore the emerging role and potential of the university in building capacity for Impact Investing through both its teaching and research functions and, in particular, through the demonstration effect of its activity as an impact investor itself. Drawing on a series of mini-case studies and organizational vignettes, both the great potential of and certain limitations to the entrepreneurial university is recognized across multiple aspects of Impact Investing, which is seen as an extension to its role in supporting regional economic growth, social responsibility and sustainable development.
Original languageEnglish
Title of host publicationThe Global Handbook of Impact Investing
Subtitle of host publicationSolving Global Problems Via Smarter Capital Markets Towards A More Sustainable Society
EditorsElsa De Morais Sarmento, R. Paul Herman
Place of PublicationHoboken, NJ
PublisherJohn Wiley & Sons, Inc.
Chapter27
Pages1031-1060
Edition1
ISBN (Electronic)9781119691136, 9781119691082
ISBN (Print)9781119690641
Publication statusPublished - 23 Feb 2021

Keywords

  • entrepreneurial university
  • academic capitalism
  • academic entrepreneurship
  • entrepreneurial education
  • impact investing
  • social entrepreneurship

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