Financiación al Desarrollo Sostenible a través de Inversiones de Impacto - Hacia la Construcción de un Framework Teórico

Impact investment is defined as the transaction of financing companies, organizations and funds that in addition to natural intention of generating outstanding financial results also produce a positive environmental and/or social impact. This paper highlights the opportunity for academic development of the issue concerning the impact investing, with the aim of preparing the process of construction of a theoretical framework based on the development of a conceptual framework and the description of three case studies, where comes up on how funds established impact on developed nations have begun to deploy their actions in production systems of Latin American countries and generate long-term value through the support of projects and enterprises based on different criteria from those traditionally applied by conventional investors. The contributions obtained in the study of the conditions required by these funds to place confidence in ideas that are intended to be sustainable and the types of business that have the capacity of investing investors, such as social entrepreneurship, Eco-innovations and business oriented to the base of the social pyramid of regions and countries