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Determinants of impact investing for tourism development in emerging destinations of sub-Saharan Africa

Kimbu, Albert and Tichaawa, Tembi M. (2020) Determinants of impact investing for tourism development in emerging destinations of sub-Saharan Africa Development Southern Africa.

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Abstract

Impact investing is making important and positive contributions to the socio-economic development of groups at the bottom-of-the-pyramid. Independent literature streams reveal how in resource scarce contexts of sub-Saharan Africa, businesses are increasingly tapping into this emerging opportunity which is extending loans and other forms of capital. However, to date, there is very limited understanding of this domain from a hospitality and tourism perspective. By synthesizing across these literature streams, we explore the opportunities, constrains and nature of impact investing, and theorize its key determinants in resource scarce contexts. To elaborate our theorization, we content analyse published accounts i.e. industry reports and academic literature to argue for the need for more impact investing in hospitality and tourism, a sector that has traditionally suffered from under-financing and limited politico-economic recognition. The study lays a foundation for future research on impact investing in hospitality and tourism and yield important policy and managerial implications.

Item Type: Article
Divisions : Faculty of Arts and Social Sciences > School of Hospitality and Tourism Management
Authors :
NameEmailORCID
Kimbu, AlbertA.Kimbu@surrey.ac.uk
Tichaawa, Tembi M.
Date : 21 February 2020
DOI : doi.10.1080/0376835X.2020.1724530
Copyright Disclaimer : © 2020 Government Technical Advisory Centre (GTAC)
Uncontrolled Keywords : Impact investing, bottom-of-the-pyramid development, small tourism firms, STF value chain, hospitality and tourism
Depositing User : James Marshall
Date Deposited : 25 Feb 2020 09:37
Last Modified : 25 Feb 2020 09:37
URI: http://epubs.surrey.ac.uk/id/eprint/853834

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