Research purpose
Social finance has different organizational intents oriented toward using the power of the marketplace to solve social and environmental problems (Massetti, 2012). It creates fundamentally different kinds of organizations, helps them stay true to their mission, and encourages various types of ownership. Moreover, social finance challenges the institutional logics associated with conventional investor rationalities by separating the logics of value creation and value appropriation (Nicholls, 2012). Social finance represents the emergence of new models, which are oriented mainly toward not only solving some social problems but also gaining a reasonable profit. The purpose of this research is, therefore, to determine the role of Human Resource Development (HRD) in this emerging field of Social Finance. “HRD researchers must approach the knowledge creation process more critically through challenging traditional research designs, asking questions that move beyond the boundaries of performance and including voices that are missing from the discourse” on Social Finance (Bierema & D’Abundo, 2004).