Reasons and Motives in Impact Investing: Ethical Sensemaking in the Chinese Renewable Energy Sector

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dc.contributor.author Meng, Tongyu en
dc.contributor.author Woods, C en
dc.contributor.author Newth, Jamie en
dc.contributor.author Sharp, B en
dc.coverage.spatial Vancouver/Virtual en
dc.date.accessioned 2020-09-15T22:56:41Z en
dc.date.available 2020-09-15T22:56:41Z en
dc.date.issued 2020-07-29 en
dc.identifier.uri http://hdl.handle.net/2292/52885 en
dc.description.abstract This paper explores Impact Investing (II) within the renewable energy sector drawing on ethical decision-making and Behaviour Reasoning Theory (BRT) to achieve an enhanced understanding of the complex ethical sensemaking process of impact investors. Addressing the ethical tensions faced by impact investors with mixed motives, this paper investigates how leaders use context-specific reasons to make sense and shape the renewable energy investment (REI) process. This study represents an initial attempt to understand the novel field of II made within the RE sector based on ethical sensemaking and BRT with a multi-stakeholder approach. Our findings show that prosocial, personal, reputational, and economic motives are the main drivers of REI, where three different modes of ethical sensemaking allowed for the construction of these motives from context-specific reasons by decision-makers in II. The research context is set in China, enabling us to shed light on the issues concerning decision-makers in face of complex situations and uncertainties within one relatively homogeneous social-economic environment. This paper utilises an abductive research approach with thematic analysis of secondary literature, in-depth interviews, and analysis of government documents and media reports to support the key findings. This paper develops three modes of ethical sensemaking –pragmatic, retrospective, and forecasting – to explain the motives of impact investors made in the RE sector. This paper contributes to the academic discourse on ethical sensemaking and BRT. en
dc.relation.ispartof Academy of Management Annual Meeting en
dc.relation.ispartofseries Academy of Management Annual Meeting Proceedings en
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. en
dc.rights.uri https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm en
dc.title Reasons and Motives in Impact Investing: Ethical Sensemaking in the Chinese Renewable Energy Sector en
dc.type Conference Item en
dc.identifier.doi 10.5465/AMBPP.2020.10251abstract en
pubs.volume Vol. 2020, No. 1 en
dc.rights.holder Copyright: The author en
pubs.author-url https://journals.aom.org/doi/abs/10.5465/AMBPP.2020.10251abstract en
dc.rights.accessrights http://purl.org/eprint/accessRights/RestrictedAccess en
pubs.subtype Proceedings en
pubs.elements-id 810616 en
pubs.org-id Business and Economics en
pubs.org-id Management & Intl Business en
pubs.org-id Campus Life en
pubs.org-id Accommodation Halls en
pubs.record-created-at-source-date 2020-08-20 en
pubs.online-publication-date 2020-07-29 en


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