Impact Investment Management
Are you a student who wants to dive deeper in the world of investment management? Do you want to learn how to invest in different asset classes (stocks, bonds, options, futures, forwards, private equity) and measure what is the impact of those investments on a planet and humanity as a whole? Then Impact Investment Management is for you!
The minor Impact Investment Management is designed to prepare students for the requirements of the investment management positions in companies and organizations, according to the latest developments in the business practice. Investors are increasingly aware that their assets create impacts in the world—both positive and negative. Their current investment portfolio is made up of enterprises, funds, real estate, and other financial instruments that exist in and influence a dynamic world. In recent years, “knowing what you own” has become the motto of sustainable and impact investors. Our decisions as consumers, investors, philanthropists, and citizens can have both positive and negative impacts. The recent developments have come about following a shift in how industry participants view the impact of responsible investing on financial performance.
This minor is intended to provide students with a body of knowledge related to investing and funding approaches used by impact investors. This will be done through a combination of lectures, discussions, and presentations by leading impact investors and thought leaders. The substantive areas covered will include: (1) financial instruments and financial markets (2) the differing financial return and impact return expectations of impact investors; (3) how investors/funders and investment/wealth managers and advisors structure their portfolios and funds; (4) strategies used by impact investors to search for impact investing opportunities; and (5) various financial modelling and investment valuation techniques. As well as investor/funder perspectives, the minor will explore the role of financial innovation in creating opportunities to finance social enterprises, and the enabling regulatory framework and information intermediaries that are needed to support the development of robust social capital markets.
Secondly the students will execute field research and work on a project during which the will be able to critically apply the skills and knowledge into the real world problems. For that purpose the real life cases will be provided by the professorship purpose economy, partners in the work field (investors and investees), lecturers and researchers.
Leerdoelen
- Asses, in a complex field of stakeholders, the impact of the investors and their portfolio’s beyond its financial performance so it contributes to the transition of society and creates value for people, nature and direct stakeholders;
• Apply key valuation concepts, frameworks, models, value drivers, obstacles and insights in impact investing and explain how this differs from the traditional investing;
• Own your achievements and disseminate your knowledge on various platforms such as the Impact Cafe of Blue City;
• Possess sound research skills as evidenced in a transparent and systematic collection and analysis of data, reporting of research and findings and critically evaluate the credibility of your research.;
• Demonstrate problem-solving skills in creating a feasible recommendations for a Impact Investing project;
• Discover full potential as a human being and as responsible, global citizen who is aware of the boundaries of our planet;
• Act as change-agents for a zero-carbon economy and a safe space for humanity within planetary boundaries
Ingangseisen
Students of the University of Applied Sciences Rotterdam, as well as from other universities of applied sciences and exchange students are eligible for this minor. In general terms students must comply with the HRBS criteria for admission to the minor programme. Due to quantitative nature of the minor this minor is recommended to the students with business, technical or natural sciences background. However, it is also possible to conduct self- study to gain needed knowledge prior to the start of the Minor, using videos and small cases with solutions which will be provided before the minor (basic statistics, financial and managerial accounting). During the Minor especially in the first weeks in the interactive lectures the level of knowledge of students is assessed, some basic concepts refreshed in order to bring all the students at the same start level to enable optimal dynamics in the class.
Literatuur
Literatuur
- "Damodaran on Valuation: Security Analysis for Investment and Corporate Finance", A.Damodaran. (2006). Willey ISBN: 978-0471751212
- "Project Valuation Using Real Options: A Practioner's Guide",
Kodukula, P. & Papudesu, C., 2006, J.Ross Publishing. ISBN: 9781932159431
- Leuhrman.T.(1997) Using APV: A better tool for valuing Operations Harvard Business review may-june 1997:3-10
- Ruback, R.S. (2002) Capital Cash Flows: A Simple Approach to Valuing Risky Cash Flows Financial Management summer 2002:5-30.
- Perold, A.F. (2004) The Capital Asset Pricing Model Journal of Economic Perspectives 18 Number 2, September 2004: 3-24
- Cooper, I. and Nyborg K.G. (2007) Valuing the Debt Tax Shield Journal of Applied Corporate Finance 19: 50-59
- Mason, S.P. (1996). Introduction to Options. Harvard Business School (286-104).
- Perold, A.F., & Lee, W. (1995). Options and Put-Call Parity. Harvard Business School.
- Chacko, G. Hecht, P., & Sjoman, A. (2006). Note on Forward Contracts and Swaps. Harvard Business School.
- Helman, T. (2001). A Note on Valuation of Venture Capital Ideas. Valuation of Venture Capital Deals Note E-95.
- Anshuman, V.R., Martin, J., & Titman, S. (2012) An Entrepreneur’s Guide to Understanding the Cost of Venture Capital. Journal of Applied Corporate Finance, 24(3):75-83
- Ekskäret Foundation, 29K and The New Division . (2021). Inner Development Goals: Background, method and the IDG framework. Growth that matters, AB.
- Sweeney, L. B. (2001). Systems Thinking: A Means to Understanding our Complex World. Waltham: Pegasus Communications.
- Meadows, D. H., & Wright, D. (2015). Thinking in systems: A Primer. Chelsea Green Publishing.
- Pruyn, P. (2022, May 31). An overview of constructive developmental theory (CDT). An Overview of Constructive Developmental Theory (CDT). Retrieved November 25, 2022, from https://peterpruyn.medium.com/an-overview-of-constructive-developmental-theory-cdt-667f3e015cc1
- Reeder, N., Colantonio, A., Loder, J., & Rocyn Jones, G. (2015). Measuring impact in impact investing: An analysis of the predominant strength that is also its greatest weakness. Journal of Sustainable Finance & Investment, 5(3), 136–154. https://doi.org/10.1080/20430795.2015.1063977
- Doz, Y., Hillström, E., Kosonen, M., Lähdemäki, J., & Wilson, K. (2017, March 17). Reflections on the "leadership under complexity” workshop. Helsinki; Sitra.
- Sitra. (2021). (rep.). Guidelines for Responsible Investment. Helsinki: Sitra.
- Institute For Sustainability Leadership. (2016). (rep.). In search of impact: Measuring the full value of capital. . Cambridge.
- Institute For Sustainability Leadership. (2019). (rep.). Measuring the full value of capital. Update: Sustainable Investment Framework. Cambridge.
- We are pushing the frontier of impact intelligence. The GIIN. (n.d.). Retrieved from https://thegiin.org/
- Williams, E. M. (2018, January 25). Cambridge Impact Leadership Model. Cambridge Institute for Sustainability Leadership. Retrieved from https://www.cisl.cam.ac.uk/resources/cisl-frameworks/leadership-hub/cambridge-impact-leadership-model
- Fit business - transforming business to thrive in the 21st Century. Future Fit Business. (2022, March 22). Retrieved November 25, 2022, from https://futurefitbusiness.org/
Toetsing
Block 1:
Financial Modelling and Valuation of Impact Investments
- 2 in class assignments (Group)
- Final Assignment (Individual)
Project Impact Investments
- Project Proposal (Group)
Leadership and Professional Transformation
- Interview (Individual)
- Portfolio (Individual)
Block 2:
Financial Derivatives, Private Equity and Venture Capital
- 2 in class assignments (Group)
- Final Assignment (individual)
Project Impact Investments
- Project Presentation (Group)
- Project Report (Group)
Leadership and Professional Transformation
- Interview (Group)
- Portfolio (Group)
Aanvullende informatie
Ben je een student van een andere onderwijsinstelling en wil je een minor volgen bij Hogeschool Rotterdam dan meld je je in 2 stappen als volgt aan:
1) Meld jezelf voor de minor van je keuze aan via de blauwe knop Aanmelden. Je vindt deze knop rechtsboven op de pagina van de minor.
Download de leerovereenkomst en vul deze in.
Lever deze leerovereenkomst aan bij de examencommissie van je opleiding.
Wanneer de examencommissie goedkeuring heeft gegeven, meld je dan uiterlijk 23-05-2025 aan voor de minor in stap 2.
2) Meldt je na de goedkeuring aan in OSIRIS Aanmelding van Hogeschool Rotterdam via onderstaande link (maak eerst een account aan). https://osiris.hr.nl/osiris_aanmeld_hrprd/WelkomPagina.do?proces=KOM2509&opleiding=MINOR-RBS-VT+00
Onderdeel van het aanmelden is het uploaden van de volgende documenten:
- De leerovereenkomst ondertekend door jou en door jouw instelling;
- Een scan of foto van je Paspoort of ID bewijs;
Je ontvangt van Hogeschool Rotterdam bericht of je aanvraag positief is beoordeeld of niet.
In OSIRIS Aanmelding moet je ook het Bewijs Betaald Collegejaar (BBC) uploaden voor het collegejaar waarin je de minor wil volgen. Het BBC vraag je op bij jouw instelling nadat je hebt getekend of een machtiging hebt afgegeven voor de betaling van het collegegeld voor het collegejaar waarin je de minor wil volgen. Je ontvangt van Hogeschool Rotterdam bericht wanneer je aanmelding is goedgekeurd.
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