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Country comparisons, often suffering from unobserved heterogeneity and obscuring subnational variation, dominate the social policy literature. However, the subnational level is better suited to reduce the omitted variable bias. This article distinguishes between social consumption and social investment policies and investigates their determinants at the subnational level. Following the literature across countries, we test the role of incumbent parties' ideology, but for within-country variation in social policy. Austria is a case in point because states have discretion in social policy (e.g., regarding public childcare and social assistance). Panel regressions covering all nine states in Austria for the years 1991 to 2019 reveal that the cabinet share of Social-Democrats increases social investment spending, while the Christian-Democratic party decreases it, and the populist radical right party reduces expenses for social consumption. [ABSTRACT FROM AUTHOR]

Despite long-standing criticisms of the paradigm, New Public Management (NPM) retains a strong influence over organizations in public administration. Social Impact Bonds (SIB) are an outcomes-oriented investment entity which has emerged from NPM with grand promises of social change. Building on a longitudinal case study of a health-based SIB, this paper identifies how key actors move away from NPM by resisting such management principles and shift toward Public Value Management (PVM). The paper finds that this is possible when the public interest and performance objectives are designed with a public value orientation whilst other NPM principles shift over time through resistance and negotiation. The paper provides insight into how key actors re-organize to embed public value in a financing and public service delivery structure that is often regarded as flawed and inefficient. The paper offers several contributions to public value literature, including the role of the state, as well as the emerging literature on SIBs and outcomes-based contracts. [ABSTRACT FROM AUTHOR]

Purpose: Taiwan promotes social enterprises with the Social Enterprise Action Plan and Social Innovation Action Plan, focusing on solving social problems and achieving sustainable development goals. This study aims to clarify the impetus for the above policies and determines whether the relevant policy tools can achieve the established policy goals. Design/methodology/approach: This study adopts the in-depth interview method and uses the "social impact investment framework" constructed by OEDC and Dunn's definition of public policy stakeholders to select 22 respondents, who were divided into three groups. Findings: Taiwan's decision-making in social enterprise policy is mainly driven by the pressure of youth unemployment and the 318-student movement. Intrinsic motivation strategies popularized the concept of social enterprise. Various strategies are used to break the limitations and diversify the organization, trigger more diverse social investments, broaden the goals of investment and complete the social enterprise ecosystem through these. Taiwan's social enterprise policies are consistent with the global trend of "replacing subsidies with investment." Originality/value: This study shows that social enterprises generate mutual benefits between investors and social enterprises, that is, achieve free matching through external mechanisms. This study fills the gaps in Oliver's "behavioral cube" framework of policy instruments. A "behavioral four-dimensional matrix" composed of nudge, shove, budge and reciprocity is proposed to complete the framework for social enterprise policy analysis tools. [ABSTRACT FROM AUTHOR]

We study how welfare states regimes influence the effect of episodes of fiscal consolidations on the four main components of the welfare state: social investment, pensions, healthcare and labour market insurance. Welfare state regimes are associated with distinct social policy legacies that feedback into political competition by shaping the size and influence of different coalitions of constituents. Using data from 1980 to 2014 in 16 OECD countries, we find that labour market insurance is more vulnerable to consolidations in Liberal regimes, while social investments are more resistant to consolidations in Nordic regimes. In the Continental regime, which overlaps with Social Health Insurance systems, healthcare is more resistant to consolidations. Finally, pensions are more resistant to consolidations in the Southern regime. These findings contribute to the study of the comparative political economy of welfare state retrenchment. [ABSTRACT FROM AUTHOR]

While the poverty risks of non‐standard employment have been explored extensively, this study focuses on the role of activation‐oriented social policy in alleviating material deprivation for persons with non‐standard employment histories. Using EU‐SILC data, individuals over a four‐year period were analysed. I focused on substantial earners and distinguished between six non‐standard employment histories expected to benefit from activation measures. Multi‐level models revealed that compared to standard employment histories, all non‐standard employment histories had higher material deprivation risks but to substantially different extents. At the macro level, participation in activation measures, expenditures in formal childcare and minimum income protection reduced material deprivation. Participation in training can be interpreted as an equaliser, as the deprivation gap between standard and most non‐standard employment history types diminished. As expenditure‐ and participation‐based measures differed significantly, evaluating the success of activation strategies in reducing inequalities and alleviating poverty highly depends on the measurement of activation. [ABSTRACT FROM AUTHOR]

Technological change has squeezed the demand for middle-skill jobs, which typically involve routine-intense tasks. This squeeze has coincided with an increase in the number of part-time working individuals who wish to work more hours. We argue that these two trends are linked. Due to the decline of middle-skill employment, medium-educated workers shift into low-skill employment, increasing the supply of labour for jobs in this segment of the labour market. This pushes those dependent on these jobs to accept part-time jobs, even if these involve fewer hours than they prefer. To empirically assess this claim, we analyse involuntary part-time employment across 16 European countries between 1999 and 2010. Our analysis confirms that a decline in middle-skill employment is associated with an increase in involuntary part-time employment at the bottom end of the labour market. This finding implies that the automation of routine-intense labour worsens employment possibilities in this segment of the labour market. However, we show that training and job creation schemes mitigate this effect. These programmes cushion competition either by providing medium-educated workers with the necessary skills to shift into high-skill jobs or by increasing employment possibilities. Thus, governments have the tools to support workers facing challenges in the knowledge economy. [ABSTRACT FROM AUTHOR]

Copyright of Revista Venezolana de Gerencia (RVG) is the property of Revista de Filosofia-Universidad del Zulia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

There have been significant changes in what economists include in the category of investment over the last six decades. The US government agency that compiles national income date, the Bureau of Economic Analysis, has tried to keep up with these changes, but it has not succeeded. The resulting tension between economic theory and official data can be overcome by adopting a different theoretical lens. Work on social reproduction and social investment suggests a more coherent definition of investment than that offered by mainstream economists. The paper then contrasts the measurement of investment in the government data with a calculation of investment derived from this new approach. The results show that business investment is dwarfed by the combined investment made by government and households. This finding suggests that business investment is not the key engine that powers the economy. This has significant implications for economic and social policies. [ABSTRACT FROM AUTHOR]

Copyright of Zeitschrift für Sozialreform is the property of De Gruyter and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Persistent calls for social investment-oriented social policy suggest that existing social policies are unsustainable and need radical rethinking. Instead, this paper argues that we need to better understand how long-standing policies have enabled society's adaptation to socioeconomic changes and forestalled experiences of marginalization, poverty, and acute vulnerability. Inspired by the historical success of Nordic-style social policies, I reconsider the relation between development studies and welfare state studies, synthesize ideas from both, elaborate on the inclusive strand of welfare developmentalism, and introduce a conceptual framework for explaining why existing social policies may be simultaneously protective and productive. Applying social developmentalist ideas from the Global South to the traditional welfare state literature of the Global North, this paper advances a theoretical explanation for why what I term "developmental welfare state policies" defy standard economic assumptions through preventive investments that inhere in existing policy variants. It cautions against promoting separate social investment policies or characterizing policies as exclusively passive or activating. [ABSTRACT FROM AUTHOR]

This article is devoted to the study of the implementation of the principles of sustainable development in the activities of companies and the concept of corporate social responsibility. From the perspective of companies, investment is seen not only as a prerequisite for expansion, development and capital increase, but also as a tool for solving social problems, increasing human capital and mitigating environmental threats. The social focus of investments is being strengthened in order to create a positive social effect and social well-being. It has been proven that in the conditions of economic instability, social entrepreneurship becomes an effective mechanism for supporting vulnerable groups of the population and strengthening the potential of the country as a whole. The authors of this study have made an attempt. The article tries to answer the question: how does social investment affect the development of the strategy of corporate social responsibility? The analysis of the definition of "social investment" has been carried out and it has been established that it has a different meaning for different representatives of the society, depending on which sector they belong to: resources used to achieve specific social goals, financial support of the social sector, investments that provide financial benefit and positive social effect, investments, specific groups of financial instruments that are designed to contribute to the formation of a positive image of the company and are part of its business strategy, etc. It has been established that the main idea of impact investing is that the investments can be at the same time profitable and useful for the society. This distinguishes it from traditional philanthropy, where financial return is not the goal, and from traditional investing, which focuses solely on maximizing profits. The directions of impact investments have been outlined. Social investment is the highest form of both corporate social responsibility and investment activity. The company's implementation of social investments testifies to its high economic development, advanced management, high organizational culture and reliable prospects in the future. In other words, enterprises can obtain significant long-term profits, gain the support of the state and the society, and also significantly improve their corporate image. [ABSTRACT FROM AUTHOR]

Since all policies address problems, they necessarily include implicit or explicit constructions of these problems. This paper explores how child maltreatment has been constructed in New Zealand's child protection policies. It questions the underlying assumptions of this problem construction and seeks to shed light on what has been omitted. Utilizing a qualitative content analysis of eight key policy documents, this study reveals the construction of child maltreatment has been dominated primarily by a child-centric, risk-focused approach. This approach assigns blame and shifts responsibilities onto parents and families. In addition, the vulnerability discourse and social investment approach underpinning this perspective have allowed important structural factors, such as poverty and inequality, to remain unaddressed. This paper also highlights the one-dimensional focus on the lower social class to control future liabilities. We suggest that the harm inflicted by corporations on children's well-being is another form of child exploitation currently omitted from the problem construction. We suggest that child abuse should be defined and understood in policy as harm to children's well-being and argue that the state should prevent and mitigate harm by addressing structural forces of the problem as well as protecting children against corporate harms. [ABSTRACT FROM AUTHOR]

With the evolution towards more service-intensive social investment welfare states across Europe, research on the institutional capacities of subnational welfare provision is increasingly relevant. Based on a comparative case analysis of three post-industrial municipalities in Europe, this article harbors a two-pronged objective: first, empirically, to show how regional and local governance capabilities are crucial to effective SI policy delivery; second, more positively, to bring out the proficiency of vertical coordination between national administration and subnational layers, alongside the critical role of horizontal policy discretion at the local level to align social benefits and capacitating services for the success of SI delivery; and, by implication, the overall responsiveness of national welfare systems to the changing nature of 21st century socioeconomic risks. [ABSTRACT FROM AUTHOR]

Under the background of China's "double carbon" policy, determining how to use the carbon emission reduction effect of green finance is an important starting point for China to achieve stable economic development and sustainable ecological development. By integrating provincial data from the CEADS, EPS, CSMAR, and CNRDS databases from 2003 to 2021, the two-way fixed-effect models are used to empirically test how green finance can exert a carbon emission reduction effect. This study finds that green finance can significantly reduce carbon emission intensity. A mechanism analysis shows that green finance can promote green technology innovation, induce social investment, and promote the disclosure of the social responsibility information of listed companies to reduce carbon emissions, which is still valid after a series of robustness tests. A heterogeneity analysis finds that the government's environmental attention and the scale of financial industry development have heterogeneous effects on the carbon emission reduction mechanism of green finance. Both the government's environmental attention and the scale of financial industry development can induce social investment, but the government's environmental attention cannot promote the growth of green technology innovation, and the scale of financial industry development cannot promote the disclosure of the social responsibility information of listed companies. This paper broadens the research perspective of green finance to reduce carbon emissions and provides some empirical evidence and a theoretical reference to further promote the green transformation of the "two high and one surplus" industry and the sustainable development of the financial industry. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Research in Developmental Social Work is the property of Beni Suef University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper studies the determinants of support for future generations, using novel survey data for the case of Germany. I find significant, but not overwhelming support for prioritizing the needs of future generations vs. the acute needs of present-day citizens. Moreover, individual-level and contextual factors matter too. High-income and highly educated citizens are on average more supportive of the needs of future generations, the elderly and women less so. Left-wing supporters are equally more supportive of future generations, especially supporters of the Greens and those subscribing to 'green-alternative-liberal' values. Supporters of the right-wing populist AfD are most strongly opposed. General political trust boosts support for future generations, and economically thriving local economies are associated with higher levels of support for future generations as well. [ABSTRACT FROM AUTHOR]

The modern microfinance industry was built on the idea that lenders could (and should) profit while serving poor and excluded customers. This idea—that lenders could 'win' while customers would also 'win'—inspired the broader field of social enterprise and opened possibilities for business-driven responses to social problems. However, in hindsight it is possible to see that not only was the idea flawed—important claims underpinning the core idea have failed to find empirical support—but the lingering belief that 'win–win' was right continues to handicap not only financial inclusion and consumer protection policies, but the social investment and finance industry as a whole. The win–win formulation was driven by the assertion that customers would be indifferent to the level of interest rates on loans and that it was simply access to finance that mattered most to customers. The argument was used to justify charging the highest interest rates to the most operationally expensive customers, who turned out to not coincidentally be the poorest customers. However, studies show that customers are indeed sensitive to interest rates and that high interest rates discourage borrowers. Moreover, despite charging high rates, financial data show that most lenders failed to earn profit after fully accounting for the subsidies received from donors and social investors. Microfinance and the social investment industry it helped spawn remain important tools for addressing poverty and inequality, but both sectors are overdue for a transparent reckoning of the roles of subsidy (including its benefits) and greater recognition of the potential for exclusion caused by high prices and the drive for profitability or 'sustainability'. Muddled thinking on subsidy and prices handicapped the past but does not need to handicap the future. [ABSTRACT FROM AUTHOR]

Copyright of Revue d'Économie Régionale & urbaine is the property of Librairie Armand Colin and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

There is no doubt that global attention has shifted to environmental protection given the series of devastations that have occurred and the consequences of such devastations, now manifesting as global warming. People believe that the involvement of banks in this crusade will facilitate the realization of the goals of environmental protection. This study investigated respondents’ perceptions of green banking and the profitability of banks in Nigeria to ascertain how full implementation of green banking will enhance the profitability of banks in Nigeria. The study employed a cross-sectional survey of respondents from First Bank and Access Bank employees in Nigeria. The study performed structural equation modelling to analyse the research data. The results show that green banking will have a significant positive influence on the profitability of banks in Nigeria and that goodwill will mediate the relationship between green banking and profitability by enhancing the image of banks committed to green banking and thus making them attractive. The study makes contributions to practice and to theory.

When industrialization began in 1930, in line with the world economic recession, there were massive protests from the public demanding company transparency in their operational activities. The term Corporate Social Responsibility or CSR emerged among companies, which was soon followed by legal authority that regulated mandatory CSR for companies and in the 2000s in Indonesia, the term CSR began to be known intensively in social investment through the concept of development. public. The approach used in this research is qualitative with descriptive methods. Through observations and interviews conducted, the research results showed that the social investment carried out by PT. PLN Indonesia Power inventories the community around the company with social service activities, environmental service and other assistance activities through community service and community relations programs and empowers them in various aspects through several programs, such as plasma farmers, Climate Villages, Waste Banks and MSMEs. These three programs are interrelated in maintaining harmony and public trust. So that through these programs, sustainability can be achieved for the company. Key words: social investment, community development, CSR

Abstract This study aims at examining the fertility impact of early childhood education and care (ECEC) services for children under three in Italy. ECEC is a social investment-oriented family policy that might have more beneficial effects on fertility than passive support in terms of transfers. We first present a systematic review of studies regarding the impact of ECEC on fertility in high-income countries and then provide an empirical analysis for Italy, a country with lowest-low fertility rates and a welfare system that has traditionally provided limited support to families, especially through ECEC. We combine micro-level data from the Labour Force Survey for Italy from years 2003–2020 with information on regional indicators of public childcare and private childcare. The study employs within-region variation in ECEC over time to assess its effects on the transition to parenthood and parity progression for different groups of women and men. The present contribution indicates that both public and private childcare services have limited but positive short-term effects on fertility behaviour in Italy, contingent on specific socio-demographic groups. We discuss the possible reasons for the constrained effect of childcare on fertility and emphasise the necessity for more substantial and concerted interventions in Italy’s family policies if the aim is to invert demographic trends of lowest fertility and population-ageing.

Researchers in economic geography have recently turned to examine the rental sector, particularly how institutional investors have begun to reshape the provision of housing. Following the politics of financialization, the built environment and social relations surrounding residential accommodation have been reconfigured to maximize opportunities for capital accumulation. While scholars have further developed their interest in rental markets, by directing their attention to the financialization of social housing, this burgeoning area remains comparatively understudied, particularly concerning the metrics that are crucial in facilitating assetization. In our article, we seek to provide new insight into the financialization of UK housing associations, to advance understanding of how metrics extend the reach of the financialization into the sector, but how these metrics have also been used to both tactically marginalize and reveal social value for different types of financial actors. First, drawing upon research that has studied the creation of assemblages that are critical to assetization, we seek to explore how different financial stakeholders develop new, competing metrics and frameworks that best meet their own needs. Second, we uncover how new metrics are central in reasserting the role of nonfinancial politics in financialization, through the reprioritization of social value in housing association bonds. [ABSTRACT FROM AUTHOR]

Social investment has gained increasing prominence in family policy reform. It has also been widely criticised from a feminist and social justice perspective. This article examines how the meaning of the family changes when it is seen as a site of investment. Using a discourse-analytical approach and focusing on agenda setting policy documents of Germany's 'sustainable family policy' this is explored in four dimensions: the extension and simultaneous narrowing of the meaning of family; the articulation of new gendered subjectivities; a redefinition of the boundaries between the family and the state; and new modes of differentiation between families according to their ability to 'produce' human capital. I argue that the traditional family loses its role as a normative reference point and is increasingly framed as a production site of human capital. Hence, more critical engagement with social and racialized inequalities, which are implied in these discourses, is necessary. [ABSTRACT FROM AUTHOR]

This article studies individual-level attitudes towards long-term investment policies using novel survey data for the case of Germany. Building on a budding literature on the relationship between environmental and social policy attitudes, our first contribution to research is to show that citizens, when prompted to think about their support for long-term investment policies, support welfare state related policies such as investments in education and pensions to a greater degree than non-welfare state issues such as public infrastructure investment or renewable energy. Citizens are most supportive of using present-day redistributive policies – in our case: increasing income taxes on the rich – in order to finance long-term investment. We also find evidence that political trust is positively associated with support for long-term investment policies, but in particular investments in education and renewables. Furthermore, our analysis reveals the importance of individual political ideology. These findings have implications for public demand for tackling the long-term issues faced by society today. [ABSTRACT FROM AUTHOR]

This article conducts an analysis of the factors hindering the effective and efficient administration of state resources and proposes a new paradigm for public management. Multiple obstacles prevent achieving the well-being of the diverse citizenry, necessitating their elimination and a redefinition of public management with a shift in policy priorities to promote inclusive growth. The inclusion vector requires significant investments in human capital, including education, health, and technology, to enhance well-being and quality of life, as well as in physical infrastructure to boost productivity and absorb technological progress. Priorities include formal and productive employment, healthcare sector reform, education, and socially integrated investments. Seven lessons from macroeconomic policy are outlined as applicable to the new public management. [ABSTRACT FROM AUTHOR]

Copyright of Bait Al-Mashura Journal is the property of Bait Al-Mashura Journal and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Sociedade e Estado is the property of Sociedade e Estado and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Social investment as a complement to social expenditure focuses on specific social needs, specifies its goals and outlines its expected outcome(s). Government around the world have found the need to complement social expenditures with social investment drives in other to achieve some socioeconomic outcomes in the area of health, employment, education and income. In 2016, government of Nigeria adopted the home grown school feeding program which to be implemented in the public primary schools across the country. Amongst others, the main goal of the program is to increase the number of primary school enrolment and retention rates, as well as improve child nutrition. Guided by the social return on investment concept and model, this study sought to examine the relationship between the enrolment and completion rates for male and female public primary school pupils and the expendpenditure on school feeding. A panel dataset of six states from the six geographical regions of Nigeria where the school feeding program has been implemented from 2017 -2021 was developed. We employ the generalized least squares (GLS) for random effects as determined by the Hausman test for analysis. Our major findings is that on the one hand, school feeding has had more significant effect on primary school completion rate for male than female pupils. On the other hand, it has had a better significance on female primary school enrolment rate. We therefore recommend periodic evaluation, health incentives for the pupils and economic incentives for the parents [ABSTRACT FROM AUTHOR]

This study aims at examining the fertility impact of early childhood education and care (ECEC) services for children under three in Italy. ECEC is a social investment-oriented family policy that might have more beneficial effects on fertility than passive support in terms of transfers. We first present a systematic review of studies regarding the impact of ECEC on fertility in high-income countries and then provide an empirical analysis for Italy, a country with lowest-low fertility rates and a welfare system that has traditionally provided limited support to families, especially through ECEC. We combine micro-level data from the Labour Force Survey for Italy from years 2003–2020 with information on regional indicators of public childcare and private childcare. The study employs within-region variation in ECEC over time to assess its effects on the transition to parenthood and parity progression for different groups of women and men. The present contribution indicates that both public and private childcare services have limited but positive short-term effects on fertility behaviour in Italy, contingent on specific socio-demographic groups. We discuss the possible reasons for the constrained effect of childcare on fertility and emphasise the necessity for more substantial and concerted interventions in Italy's family policies if the aim is to invert demographic trends of lowest fertility and population-ageing. [ABSTRACT FROM AUTHOR]

Ireland used to be a laggard in implementing modern fatherhood policies compared to its European neighbours. In 2016, it was one of the last EU countries to introduce paid paternity leave and three years later parental leave. These reforms indicate that Ireland is moving away from the US model of fatherhood to a social investment state closer to the Swedish model of shared parenthood. With the introduction of Paternity Benefit the Irish government aimed to achieve a take-up of about 46–61%, which is used as a yardstick to evaluate its success. First, this article assesses paternity leave take-up comprehensively through four different rates based on administrative and aggregate data. Overall, take-up had been increasing initially, but levelled already after four years at the lower government target. This is puzzling as countries with similar reforms reported a constant increase and higher take-up over time. Second, drivers for the low take-up are discussed. Specifically, occupational and class inequalities are key factors as only 55 percent of the male workforce have access to occupational top-ups in addition to the relatively low statutory benefit. Without increasing benefit generosity, take-up will stabilize at the rather modest levels in comparison to other European welfare states. [ABSTRACT FROM AUTHOR]

This article discusses the importance of sustainable financial behavior in the context of social and environmental investment. In the era of globalization and technological advancement, the pressing social and environmental challenges require innovative and sustainable approaches in the financial sector. The article outlines the definition of sustainable financial behavior, the importance of financial behavior supporting sustainability, the objectives of the writing, the impact of social and environmental investments, and strategies to enhance sustainable financial behavior. The significance of financial behavior supporting sustainability includes responsible investment, wise financial management, and consideration of the long-term impact of financial decisions on the environment, society, and other sustainable factors. Social and environmental investments have long-term positive impacts on the environment, society, and the businesses themselves. These positive impacts include contributions to climate change mitigation, the development of more prosperous communities, better financial performance, and long-term cash flow stability. Case studies of social and environmental investments provide real examples of successful investments that have a positive impact on the surrounding community and environment. Additionally, the article provides recommendations to improve sustainable financial behavior, including increasing financial literacy, educating about sustainable investments, government and financial institution policy support, and collaboration among various stakeholders. Thus, the article provides in-depth insights into the importance of sustainable financial behavior in the context of social and environmental investment, as well as guidance and recommendations for stakeholders to implement financial practices that support sustainability. [ABSTRACT FROM AUTHOR]

This article explores the role of SI Stock, Flow and Buffer policies by shedding light on their relationships with active labour market participation and public debt sustainability for a panel of 22 European countries from 1997 to 2018. We find SI Stock, Flow and Buffer to be positively correlated with labour market participation and more sustainable public debt. When disaggregating the components of SI, we detect a small degree of heterogeneity, with Active Labour Market Policies (ALMPs) negatively associated with the activity rate and positively associated with the employment rate. This result is coherent with the idea that ALMPs make a significant contribution to increasing opportunities for those already in the labour market rather than creating new jobs for those excluded from the labour market, that is, inactive individuals. In this case, our findings indicate that measures to fight social exclusion and out‐of‐work expenditure (Buffer), as well as in‐kind family benefits, are significantly associated with employability for those excluded from the labour market. [ABSTRACT FROM AUTHOR]

The recent enactment of the European Pillar of Social Rights (EPSR) has significantly strengthened the social dimension of the European Union (EU), including the social investment (SI) elements of that social dimension. What is not known, however, to what extent the priorization of SI is supported by the broader public. To address this research gap, we investigate public opinion on 15 different policy areas from the EPSR using Eurobarometer data from 2020 across all EU countries, asking whether the public rather prefers these policies to be delivered at EU or national level. A principal finding is that the public indeed supports more SI than CP policies with respect to EU-level social policy, and more CP than SI policies with respect to national-level social policy. We also investigate whether socioeconomic status (SES) and welfare state effort can explain this phenomenon. We find that higher socio-economic status and more generous welfare states are associated with more support for SI policies on both EU and national levels and vice versa. The findings emphasize the importance of what policies are provided versus who provides them but also pose a puzzle for trade-offs in multilevel governance settings. Hence, the article has important implications for future research on public opinion and Social Europe. [ABSTRACT FROM AUTHOR]

This paper aims to establish whether, and to what extent, an increase in the public provision of early childhood education and care services (ECEC) has had a positive effect on women's participation in the labour market in Italy and Spain. It does so by compiling panel data using microdata from the European Labour Force Survey (2006–2018), together with secondary sources of information on public ECEC investment made in the two countries. After controlling for unit heterogeneity and reverse causality, the estimated results indicate a positive correlation with the employment rates of women with children and the number of hours worked, in particular for those without a degree, thus indicating the need to address unequal access to publicly-provided ECEC services. [ABSTRACT FROM AUTHOR]

Within the scientific literature and debate on social investment, public childcare provision plays a pivotal role. At the same time, critics have argued that social investment is often unable to reduce social inequalities and, to the contrary, tends to reproduce them (the so-called 'Matthew effect'). The article focuses on a specific facet of social investment policies: their capacity to support mothers' employment and its effect on social inequality, by investigating empirically to what extent an expansion of public childcare can help to increase women's labour market participation and how this eventual support is homogenously distributed among different mothers' profiles. To give a convincing answer to such a question requires careful attention to methodology, in order to avoid drawing the wrong conclusions. Whereas existing research has predominately focused on cross-national variation and has often been static in nature, the present study assesses the effects of public childcare expansion on women's labour market participation and employment by examining region-specific within-variation over time of public childcare coverage. The study relies on data from the European Social Survey (2002–2018) that were integrated with an original collection of regional-level information on public childcare. It finds a positive association between increases in public childcare coverage and mothers' labour market participation. Furthermore, it shows that public childcare helps to fight social inequalities among households with young children. Low-educated mothers are the ones who profit most from an increase in public childcare, and positive employment effects are most pronounced at lower levels of childcare coverage. Therefore, this contribution highlights the importance of public childcare policies as an equalizer in society, especially in contexts in which an intervention is most needed, because expanding childcare fosters mothers' labour market participation [ABSTRACT FROM AUTHOR]

This study aims to deepen our understanding of social investment expansion proposing a political learning mechanism to link existing institutional and political explanations. When resources are limited, increased spending in social investment often comes at the expense of politically costly retrenchment of established social insurance policies. Previous studies suggest that this trade-off results in existing entitlements crowding out new policies, and that party ideology plays less of a role in determining social policy expansion. I argue that this is because parties face an electoral dilemma, as individual preferences for social investment and social insurance have been shown to differ between groups that partly overlap in their voting behaviour. Applying a policy diffusion framework to the analysis of childcare expenditure, this study proposes that policymakers learn from the political consequences of past decisions made by their foreign counterparts and update their policy choice accordingly. The econometric analysis of OECD data on childcare expenditure shows that governments tend to make spending decisions that follow those of ideologically similar cabinets abroad and that left-wing governments with a divided electorate tend to reduce childcare expenditure if a previous expansionary decision of a foreign incumbent is followed by an electoral defeat. The findings have implications for the study of the politics of social policy development. [ABSTRACT FROM AUTHOR]

The study focuses on the analysis of the Social Return on Investment (SROI) of the Sekar Arum Centralized Wastewater Treatment System (SPALD) in Malang, Indonesia. The research attempts to answer the main question regarding the economic, social, and environmental impacts produced by this program. The research methodology involved collecting both quantitative and qualitative data and consulting with stakeholders to understand their perceptions of the value and benefits of this initiative. The main findings suggest that investments in sanitation produce broad and multiplying benefits, including improved public health, reduced environmental pollution, and enhanced quality of life. The thesis delves into the significant implications of investing in sanitation and offers recommendations for increasing the effectiveness of the SPALD program. In conclusion, this thesis strengthens the understanding that investment in sanitation is a profitable and sustainable strategy that can help improve societal well-being and environmental health. [ABSTRACT FROM AUTHOR]

This article examines whether and how the relationship between socioeconomic status (SES) and depression is modified by welfare state spending using the 2006, 2012, and 2014 survey rounds of the European Social Survey (ESS) merged with macroeconomic data from the World Bank, Eurostat, and SOCX database (N = 87,466). Welfare state spending effort divided between social investment and social protection spending modifies the classic inverse relationship between SES and depression. Distinguishing policy areas in both social investment and social protection spending demonstrates that policy programs devoted to education, early childhood education and care, active labor market policies, old age care, and incapacity account for differences in the effect of SES across countries. Our analysis finds that social investment policies better explain cross-national differences in the effect of SES on depression, implying policies focused earlier in the life course matter more for understanding social disparities in the mental health of populations. [ABSTRACT FROM AUTHOR]

Business activities in the current era are not only profit-oriented but highlight the value of sustainability. Due to global problems such as poverty and limited availability of resources, a sustainable company means that the company can maintain and improve the environmental life around the company. One of the company's efforts to create business sustainability is through a corporate sustainability strategy or the implementation of corporate social responsibility (CSR) and a form of business ethics and social investment. To determine the effectiveness of a program, carried out an evaluation. This study aims to analyze the CSR program of PT SMM by using the Social Return On Investment (SROI) method. This study uses a qualitative descriptive approach to describe the implementation of PT SMM's CSR program and analyze the success of the program through the results of the SROI value. The results of the SROI calculation in this program show a ratio of 7.84, meaning that every investment made by PT SMM is Rp. 1,- getting a benefit of Rp. 7.8,-. This program can be categorized as successful because it can exceed the ratio of 1 in the SROI. If viewed from the economic, social, and environmental aspects, this program has good sustainability potential and deserves to be continued.

Since all policies address problems, they necessarily include implicit or explicit constructions of these problems. This paper explores how child maltreatment has been constructed in New Zealand’s child protection policies. It questions the underlying assumptions of this problem construction and seeks to shed light on what has been omitted. Utilizing a qualitative content analysis of eight key policy documents, this study reveals the construction of child maltreatment has been dominated primarily by a child-centric, risk-focused approach. This approach assigns blame and shifts responsibilities onto parents and families. In addition, the vulnerability discourse and social investment approach underpinning this perspective have allowed important structural factors, such as poverty and inequality, to remain unaddressed. This paper also highlights the one-dimensional focus on the lower social class to control future liabilities. We suggest that the harm inflicted by corporations on children’s well-being is another form of child exploitation currently omitted from the problem construction. We suggest that child abuse should be defined and understood in policy as harm to children’s well-being and argue that the state should prevent and mitigate harm by addressing structural forces of the problem as well as protecting children against corporate harms.

Social impact investing and social entrepreneurship have great potential for solving global problems. However, practitioners and researchers know little about the entrepreneurial process and the investors' criteria. Therefore, we identify the determinants of access to external finance for social enterprises in an emerging economy using a quantitative approach in a large sample (N = 601). We found that impact sector, business model, entrepreneurial support, development stage, and the adoption of technologies impact access to finance by social enterprises. We also show that green technologies have greater funding access than other enterprises and that social impact investors are more aware of environmental issues and less concerned with financial returns. To raise more funding, we suggest that social entrepreneurs include environmental issues in their business, quickly validate their idea, add an intermediary company between the enterprise and the consumer, seek the support of incubators or accelerators, and adopt emerging technologies in the product or service offered. [ABSTRACT FROM AUTHOR]

Social investment policies advocate for more and better jobs by supporting families' work‐life balance and investing in human capital. But do they really help to boost employment prospects for women? Earlier literature suggests a positive relationship, but not enough attention has been paid to the type of employment, or to who the actual beneficiaries of these measures are. This article combines ISSP survey data with OECD and national data in a multilevel analysis to determine whether social investment policies benefit female employment, improve job prospects, and apply to all women irrespective of their educational level. We find that training and childcare policies are associated with higher employment levels, however, the claim that social investment increases chances for better job prospects finds little empirical support. These findings suggest that active labour market and childcare policies are associated with more women's employment, but they might still be following a push to 'just work'. [ABSTRACT FROM AUTHOR]

This article investigates the transformative potential of the Next Generation EU (NG‐EU) initiative in social protection taking South European (SE) countries as a test case. It starts with a brief examination of the main social parameters of the EPSR and how these intertwine with the NG‐EU strategy that links recovery from the pandemic with the EU's long‐term green and digital transition objectives. This is followed by a comparative overview of the SE countries' social, green and digital outlook when embarking upon the recovery path. In light of these, the National Recovery and Resilience Plans (NRRPs) of the four countries are scrutinised vis‐à‐vis the NG‐EU specified priority flagship areas. The political background of the plans, the impact of the EPSR on their policy options, and their recalibration potential are comparatively analysed. In setting the course for a twin transition, all four plans share a focus on addressing long‐standing social challenges mainly by bolstering productive welfare measures. But path‐dependent differences in policy mixes and varying policy integration can weigh significantly on outcomes. [ABSTRACT FROM AUTHOR]

As an age-group, young people are most at risk of poverty. Yet significant cross-national variation persists, which seems puzzling: the countries displaying the highest levels of youth poverty are (uncharacteristically) Nordic. How can such diversity be accounted for? Is the welfare state part of the story? First, I argue, unlike most studies, that in order to measure youth poverty it is better to use material deprivation and subjective poverty indicators, rather than income poverty. Second, I hypothesize that the welfare state has two potential routes to the alleviation of youth poverty. On the one hand, via 'individualization' of claims (allowing young people to claim benefits as full adult citizens), access to income support leads to lower levels of youth poverty. On the other, youth poverty levels can also be reduced through investment in young people's human capital, in line with the 'social investment' strategy. These claims are confirmed by multilevel logistic regressions on three waves and across 23 European countries of the Eurofound's European Quality of Life Survey. [ABSTRACT FROM AUTHOR]