IDEAS home Printed from https://ideas.repec.org/h/pal/psifcp/978-3-030-65133-6_7.html
   My bibliography  Save this book chapter

Family Firms as Prominent Investment Organizations of Social Finance: An Empirical Analysis of U.S. Family Foundations

In: Contemporary Issues in Sustainable Finance

Author

Listed:
  • Carmen Gallucci

    (University of Salerno
    IPAG Business School)

  • Rosalia Santulli

    (University of Salerno
    IPAG Business School)

  • Riccardo Tipaldi

    (“Sapienza” University of Rome)

Abstract

This chapter suggests including family firms among the leading investors of the social finance market. Although social finance literature has largely overlooked them, we argue that large family firms possess the financial (e.g., profitability, capital structure, liquidity) and non-financial (e.g., continuity, community, connections, and command) characteristics allowing them to generate meaningful societal impact. To support our view, we examined 46 U.S. family foundations and 478 social finance transactions taking place from 2002 to 2019. This pilot study indicates that family firms, through their family foundations, are already playing a significant role in the social finance arena by providing social entrepreneurs with equity and debt capital as well as grants.

Suggested Citation

  • Carmen Gallucci & Rosalia Santulli & Riccardo Tipaldi, 2021. "Family Firms as Prominent Investment Organizations of Social Finance: An Empirical Analysis of U.S. Family Foundations," Palgrave Studies in Impact Finance, in: Mario La Torre & Helen Chiappini (ed.), Contemporary Issues in Sustainable Finance, edition 1, chapter 0, pages 167-189, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-030-65133-6_7
    DOI: 10.1007/978-3-030-65133-6_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:psifcp:978-3-030-65133-6_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.