International market selection by European and American impact investing organizations

Dear Colleagues

Into what type of developing countries do social enterprises expand when going international? Do they select markets where they have a better chance of achieving social returns or do they expand into countries offering better chances of financial returns?

In a new paper we examine how host countries’ macroeconomic conditions influence international market selection of European and American impact investing organizations.

  • Mersland, R., Nyarko, S., & Sirisena, A. (Forthcoming), “A Hybrid Approach to International Market Selection: The Case of Impact Investing Organizations”, International Business Review.

Download and read the full paper here:

Best wishes,

Roy Mersland

Professor/Director PhD program

Director Center for Research on Social Enterprises and Microfinance (CERSEM)

School of Business and Law

University of Agder , Norway

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