No abstract

Consideration of social and environmental values is not a new concept in finance, but Social Finance and Social Investments have become prominent following the crisis. Based on empirical surveys, the social approach has been incorporated into the strategy of venture capital funds, however, the ratio of target companies with a social focus is still limited in actual placings. Since social impact is considered side by side with expected financial return for the selection of companies, the composition of future management has been given more emphasis, for instance, are they capable of a comprehensive vision not limited to business objectives. They provide non-financial support in the period of an investment; joint goal setting and coaching entrepreneurs are the most frequent features.