Pilar Durán, Ministry of Finance and Public Administration, Governement of Extremadura

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Pilar Durán, Ministry of Finance and Public Administration, Governement of Extremadura (Spain) talks about her experiences of launching a financial instrument in that region involving public-private collaboration. She also debunks the theory that financial instruments are complicated.

Karen Wilson, OECD

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Karen Wilson from the Organisation for Economic Co-operation and Development (OECD) talks about social impact investment and explains the concept of expectation of both a financial and a social return.

Handbook for the analysis of the governance of microfinance institutions

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This guide is the result of previous work on governance carried out by CERISE members and based on field experience done by microfinance partners. IFAD and GTZ provided follow up support which focused on devising a simple, practical and user-friendly operational tool which would be of use to people involved in microfinance.

Work programme funding priorities for 2015 – European Union for employment and social innovation (EaSI)

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The EU Programme for Employment and Social Innovation – EaSI1 – is established to contribute to the implementation of the Europe 2020 Strategy, including its headline targets, Integrated Guidelines and flagship initiatives, by providing financial support for the Union’s objectives in terms of promoting a high level of quality and sustainable employment, guaranteeing adequate and decent social protection, combating social exclusion and poverty and improving working conditions.

Trading off between value creation and value appropriation: the financial implications of shifts in strategic emphasis

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Firms allocate their limited resources between two fundamental processes of creating value (i.e., innovating, pro- ducing, and delivering products to the market) and appropriating value (i.e., extracting profits in the marketplace). Although both value creation and value appropriation are required for achieving sustained competitive advantage, a firm has significant latitude in deciding the extent to which it emphasizes one over the other. What effect does strategic emphasis (i.e., emphasis on value creation versus value appropriation) have on firm’s financial perfor- mance?