Ricerc@Sapienza

Using a unique dataset of 50 listed companies that meet the majority of the OECD
requirements for social impact investments, we construct a social impact finance stock index and
investigate how investing in social impact firms can contribute to portfolio risk-return performance.
We build portfolios with three dierent methodologies (naïve, Markowitz mean-variance optimization,
GARCH-copula model), and we study the performance in terms of returns, Sharpe ratio, utility,

This book aims at analyzing case studies of impact investments going beyond SIBs. With this perspective in mind, the volume firstly recalls
literature of SIIs and some opening points in the architectures of SIBs; secondly, the book analyzes specific case studies of public-private partnerships, of crowdfunding platforms, and of social impact measurement models.