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).