Paper’s importance
Social finance is trendsetting, a buzzword and a phenomenon that has gained considerable interest, becoming an often discussed topic in conferences, seminars, corporate training workshops, scholarly journals, universities, governments, municipalities, publishing houses, social media, etc. It is also “a rapidly advancing area of practice, policy, and research, with a lot of unanswered questions” (Nicholls, Paton, & Emerson, 2015). There is, however, nothing in the HRD literature on social finance. While there exists in the HRD extant literature, a fair amount of studies on HRD’s role in Corporate Social Responsibility (CSR), philanthropy, sustainability, and international development, it is critically important that the role of HRD is established in the brave new world of social finance.