India’s Social Stock Exchange (ISSE) – A 360° Analysis - Today’s commitment for tomorrow’s action

Patel, C.S.; Patel, Naresh K.

doi:10.1080/20430795.2022.2061404

Cited by 3 publications

(15 citation statements)

References 12 publications

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“…Some other countries are also trying to set up SSE, but its operational success largely depends on its business model. (Patel & Patel, 2022). Our country experienced a change in climate and temperature over the past few years, which was recorded highest for the month of March 2022 as per the records of the meteorological departments since 1901 (Adhana, 2020).…”

Section: Sses Around the Worldmentioning

confidence: 79%

“…In Canada (2013), SSE is an online platform called Social Venture Connection that allows social organisations to raise funds for positive social or environmental sustainability. In Kenya (2011), SSE helps to raise funds from social non-profit organisations, NGOs, and other institutions (Patel & Patel, 2022). South Africa, Portugal and Jamaica are some other countries where the SSE platform is very successful.…”

Section: Sses Around the Worldmentioning

confidence: 99%

“…This is even worse when we consider that almost half of our people rely solely on forestry and agricultural resources to survive. More than 75% of Indian cities have poor air quality due to industrialisation or improper way to control wastage (Patel & Patel, 2022). India's urban municipal solid waste is only treated to a 37 percent level.…”

Section: Sses Around the Worldmentioning

confidence: 99%

“…Food and water quality are at an all-time low, especially for the lower middle class and poor class people (Sharma & Bansal, 2022). These are only brief glances into the bleak situation that, regrettably, most people are unaware of (Patel & Patel, 2022). Public health centres and hospitals, which only depend on a government grant, are in pathetic condition due to the lack of sufficient funds.…”

Section: Sses Around the Worldmentioning

confidence: 99%

“…India made a bold commitment (the "Panchamrita") to create 500 GW of electricity from renewable sources to lower its carbon intensity to 45% by 2030 at the COP26 (UN Climate Change Conference) held in Glasgow in November 2021 (Sharma & Bansal, 2022). India is also committed to achieving the United Nations' seventeen ESG+ goals with 169 social development targets by the year 2030, which will bring major changes in the society and the people (Patel & Patel, 2022). To achieve seventeen social development goals, India needs a big impact investment (estimated to be US Dollar 2.64 trillion as per NITI Aayog Report, 2019) in social sectors to improve the composite scores in coming years, especially in education, health, poverty and hunger and environment protection, which cannot be achieved without the support of social enterprises (Sharma, and Bansal, 2022).…”

Section: Sses Around the Worldmentioning

confidence: 99%

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Sustainable Trends & Practices in Management, Humanities & Social Science Research

Bhattacharjee¹,

Mukherjee²

2023

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The book has been published with all reasonable efforts taken to make the material error-free after the consent of the author. No portion of the book should be reproduced, stored in any retrieval system (including but not limited to computers, disks, external drives, electronic or digital devices, e-readers, websites), or transmitted in any form or by any means (mechanical, recording, electronic, digital version, photocopying, or otherwise) without the prior, written permission of the publisher, nor be otherwise circulated in any form of binding or cover other than that in which it is published and without a similar condition being imposed on the subsequent purchaser.The views and opinions expressed in this book are the authors' own and the facts are as reported by them. Neither the publisher nor editor endorse or approve the content of this book or guaranty the reliability, accuracy or completeness of the content published herein and do not make and representations of warranties of any kind, express or implied, including but not limited to the implied warranties of merchantability, fitness for a particular purpose. The publisher or editor shall not be liable whatsoever for any errors, omissions, whether such errors or omissions result from negligence, accident or any other cause or claims for loss or damage of any kind, including without limitation damage arising out of use, reliability, accuracy, sufficiency of the information contained in this book.

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Section: Sses Around the Worldmentioning

confidence: 79%

Section: Sses Around the Worldmentioning

confidence: 99%

Section: Sses Around the Worldmentioning

confidence: 99%

Section: Sses Around the Worldmentioning

confidence: 99%

Section: Sses Around the Worldmentioning

confidence: 99%

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Sustainable Trends & Practices in Management, Humanities & Social Science Research

Bhattacharjee¹,

Mukherjee²

2023

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Harnessing the Power of the Stock Market for Social Good: Establishing an Islamic Social Stock Exchange in Malaysia

Syed Mohamed Noor Azmi,

Muneeza

2024

IJMAR

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This research investigates the feasibility and implications of introducing an Islamic Social Stock Exchange (SSE) in Malaysia by drawing insights from global SSE frameworks. The objectives of the research are to: analyze the concept and framework of SSEs in the United Kingdom, Spain, Singapore, and Canada; identify the benefits and impact of SSEs on social and economic development; study the possible challenges in introducing an Islamic SSE in Malaysia; and explore the public's appetite and motives to invest in such an exchange. Employing qualitative research methods, such as literature reviews, surveys, and interviews, the study unveils a spectrum of SSE frameworks, highlighting their diverse positive impacts on social and economic development. Simultaneously, challenges emerge in the realms of Shariah compliance, listing fees, and public awareness. The findings not only underscore the practical significance of these insights but also emphasize their pivotal role in shaping the potential development of an Islamic SSE in Malaysia. This research contributes to enriching shared understanding of global SSE practices, fostering progress in Malaysia's social, economic, and environmental spheres.

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Social Stock Exchange: A Breakthrough Towards Mainstreaming Sustainable Finance in India?

Adhya,

Sahoo

2024

jlsdgr

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Objectives: The study aims to explore the establishment of a Social Stock Exchange (SSE) in India, a unique initiative under the Securities and Exchange Board of India (SEBI). The objective is to analyze its potential to provide a funding platform for social and voluntary organizations focused on social welfare and its alignment with India’s goals, such as decarbonization and addressing inflation-induced public spending constraints. Methods: A review of key developments surrounding SSE, including its announcement in the 2019-20 budget, SEBI's in-principle and final approvals, and its integration into the Bombay Stock Exchange as a standalone section, forms the core methodology. The analysis draws on opinions from social entrepreneurs and evaluates SSE’s ability to offer equity, debt, and mutual fund instruments as capital-raising avenues. Results: The findings indicate strong support for SSE among social entrepreneurs, who see it as a solution to challenges like constrained public spending and reduced foreign funding for NGOs. SSE is positioned as a transformative tool to enable voluntary and social organizations to achieve their goals, particularly in areas like decarbonization and social welfare. Conclusion: The Social Stock Exchange represents a novel approach to bridging social welfare objectives and financial markets in India. Its successful implementation could empower social organizations, enhance funding access, and support national priorities. However, strategic planning and policy frameworks will be crucial to ensure the platform's long-term viability and effectiveness.

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India’s Social Stock Exchange (ISSE) – A 360° Analysis - Today’s commitment for tomorrow’s action

Cited by 3 publications

References 12 publications

Sustainable Trends & Practices in Management, Humanities & Social Science Research

Sustainable Trends & Practices in Management, Humanities & Social Science Research

Harnessing the Power of the Stock Market for Social Good: Establishing an Islamic Social Stock Exchange in Malaysia

Social Stock Exchange: A Breakthrough Towards Mainstreaming Sustainable Finance in India?

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