Hello, welcome to visit Shanghai Forum
Co-organizer:
SK Group; School of Management, Fudan University
Introduction of the Chair:
Li Lingfang
Lingfang(Ivy) Li is the Associate Professor of Economics in School of Management, Fudan University. She received her Ph. D. in Economics at University of California, Irvine (2007). She worked as an Economics Assistant Professor in College of Business, University of Louisville. She also worked as an associate professor and the Director of Center for Mechanism Design and Information Economics in Shanghai University Finance and Economics. Her research interests include information economics, industrial organization, applied game theory, and behavioral economics. Her papers have been published in Management Science, Journal of Economics and Management Strategy, Decision Support Systems, etc. She currently serves as an associate editor for Decision Support Systems. She has got several Chinese National Science Foundation (CNSF) projects, and be a Huoshui Scholar for Alibaba group for several years. She has also rewarded “Pujiang Scholar” and Excellent Young Scholarship of CNSF.
Theme Interpretion:
Social innovation is a response to the market failure and government failure of public services provision. It calls for breaking the boundaries among state, market and the third sector. Thereafter, we may integrate the economic, social and environmental benefits to achieve better social welfare. Social enterprises, a key vehicle for such objects, should be financially sustainable to attain benevolent goals. However, due to its non-for-profit nature, social innovation is facing a few key challenges, such as how to address funding issues, how to fully utilize the limited capital recourse, etc. To overcome such adversities, we need to develop diverse financing techniques, based on prudent financial knowledge. With those in background, social entrepreneurs or other social innovators can implement innovative ideas to realize their dreams and to contribute to the society without serious financial difficulties.
This roundtable will survey how finance and social innovation can be integrated, and focus on the following issues:
1. The overall understandings on “social finance”;
2. The current financing means for social innovation, and the opportunities and challenges faced by the patient capital. In particular, the possibilities to overcome the funding issues will be critically explored throughout this session.
