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Responsible investments in a developing country: Case study of a Bolivian pilot experience

Author

Listed:
  • Cristian Ricardo Nogales Carvajal

    (Centro de Investigaciones Económicas y Empresariales, Universidad Privada Boliviana)

  • Pamela Córdova Olivera

    (Centro de Investigaciones Económicas y Empresariales, Universidad Privada Boliviana)

  • Laura García Sobral

    (Universidad Privada Boliviana)

Abstract

This document presents a pilot experience for the development of Socially Responsible Investment practices in Bolivia that has involved 53 agricultural and agro-industrial businesses from all over the country. This experience is grounded on the need of complementing the micro financial system in Bolivia, in order to better cope with the importance of small-scaled rural businesses and reinforce its capability for promoting a sustainable, socially inclusive economic development process, through the capital market. This pilot builds upon three core aspects that have been identified as priorities in the Bolivian context: i) the legal foundation of these alliances, proposing modifications to the current legal bodywork, in order to create the Funds for Social Development and their managers, the Investment Societies for Development; ii) the development of Factor Analysis based techniques of risk assessing for investors to be able to engage in alliances with rural businesses, through the creation and co-implementation of specific business plans leading to the achievement of financial and social realistic goals; and iii) strategies for monitoring and evaluating these alliances, in order to create and systematize empirical evidence that can lead to the constant perfection of these kinds of financial interventions.

Suggested Citation

  • Cristian Ricardo Nogales Carvajal & Pamela Córdova Olivera & Laura García Sobral, 2012. "Responsible investments in a developing country: Case study of a Bolivian pilot experience," Investigación & Desarrollo, Universidad Privada Boliviana, vol. 1(1), pages 60-71.
    • Handle: RePEc:iad:wpaper:0112
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    References listed on IDEAS

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    More about this item

    Keywords

    Responsible Investing; Factor Analysis; Investment Societies for Development; Funds for Social Development; Risk Assessment;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)

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