Sustainable ventures and impact investors


  • Aura Cecilia Pedraza Avella Universidad Industrial de Santander
  • Orlando Enrique Contreras Pacheco Universidad Industrial de Santander
  • Mauricio Martínez Pérez Universidad Industrial de Santander



Considering the difficulty that sustainable ventures have in obtaining financing, this work intends to conceive the way in which impact investors decide on the allocation of financial resources. The methodology adopted is based on a qualitative analysis of 25 case studies by applying grounded theory. The results indicate that impact investors consider both objective and subjective elements of decisión, which is in line with a conventional risk analysis process. Finally, a set of criteria for granting impact investments is outlined to serve as a guide for those sustainable entrepreneurs seeking financial support.


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2020-10-31 — Updated on 2021-01-04


How to Cite

Pedraza Avella, A. C., Contreras Pacheco, O. E., & Martínez Pérez, M. (2021). Sustainable ventures and impact investors. Dimensión Empresarial, 18(4). (Original work published October 31, 2020)




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