Jump to ContentJump to Main Navigation
Social Finance$
Users without a subscription are not able to see the full content.

Alex Nicholls, Rob Paton, and Jed Emerson

Print publication date: 2015

Print ISBN-13: 9780198703761

Published to Oxford Scholarship Online: December 2015

DOI: 10.1093/acprof:oso/9780198703761.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 22 November 2019

Risk and return in social finance

Risk and return in social finance

‘I am the market’

Chapter:
(p.282) 10 Risk and return in social finance
Source:
Social Finance
Author(s):

Alex Nicholls

Emma Tomkinson

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198703761.003.0011

The chapter explores how far existing tools and framework for calculating risk and return parameters in mainstream finance can be applied to modelling the likely social returns to a given allocation of capital. After considering risk and return in mainstream finance the chapter reviews the limited work to date on social risk and return. The categories of probability risk, variance risk, and uncertainty risk drawn from the established risk literature are applied to social outcomes. The correlations between particular types of social risk and expected social returns are considered—the patterns of correlation are found to be complex. The chapter makes some observations concerning how to measure and manage social risk in social finance. Conclusions suggest some of the opportunities offered to social investors by developing more rigorous conceptualizations of social risk and return.

Keywords:   social risk and return, capital allocation, probability risk, variance risk, uncertainty risk

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .