13 August 2019
Dr Richard Yap, DBA Graduate, published his paper in Sustainability
Dr Richard Yap, graduated in 2018, has recently published his paper, co-authored with Dr Michael Wong of our Department of Economics and Finance, in Sustainability. The paper “Social Impact Investing for Marginalized Communities in Hong Kong: Cases and Issues” documents three business cases of social impact investing (SII) for marginalized communities in Hong Kong. Target stakeholders of the cases include displaced old tailors, elderly and wheelchair-bound people, and single-parent families. They are all privately-owned and profit-driven entities with their own social missions. Information on the cases is collected from structured interviews and meetings with their founders and stakeholders. The paper further discusses general issues of SII in Hong Kong and possible mechanisms to support SII development. Tax exemption for investors and donors, related government subsidy schemes, certification on social impacts, and establishment of social impact funds would help SII business thrive in the future.
Sustainability is an international and cross-disciplinary scholarly, open access journal of environmental, cultural, economic and social sustainability of human beings, which provides an advanced forum for studies related to sustainability and sustainable development. It publishes reviews, regular research papers, communications and short notes. It is also indexed by the Science Citation Index Expanded and Social Sciences Citation Index (Web of Science), as well as Scopus and other databases.