The Construction And Empirical Study Of Social Impact Investment Assessment Index System

Since 1990 s,the aging of population in China has been accelerated with the rapid development of society,with which the problem of pension comes.As the strategic goal of the country,the aging of the population brings about a great challenge to the pension industry.However,it is not enough to solve the problem of pension in China only by the government’s endowment security and charity donation.Therefore,we must have a new way to solve this problem and promote the harmonious and healthy development of society.Social impact investment is an innovative investment concept and comprehensive investment standard.It aims to provide funds for organizations to solve social needs,and to clearly expect measurable financial returns and social and environmental returns.Therefore,if the social impact investment is applied to the pension problems facing China,it will alleviate and even solve the difficulties faced by the pension industry.However,social impact investment is in the initial stage in China,and the research on social impact investment is not enough.It needs a complete evaluation system to evaluate the benefits it brings in various aspects and constantly improve its development in various fields.This study takes the pension industry as an example,trying to build a social impact investment evaluation system suitable for the pension industry,and promote the continuous improvement of the pension industry and social impact investment.First,this study combs the theoretical basis of the existing social impact investment,analyzes the development status of the pension industry in China,summarizes the definition of social impact investment,the core elements and the existing research status of foreign social impact assessment tools,and finds the lack of research in the field of social impact investment evaluation.Taking the pension industry as an example,this study constructs the evaluation index system of social impact investment from four dimensions of economy,society,environment and innovation from a comprehensive perspective.On the selection of indicators,this paper combs a large number of scholars’ research results and combines the principles of the evaluation index system construction,and preliminarily selects the evaluation index system.Secondly,based on the theory of comprehensive value and the related research of social impact investment in the pension industry,the paper collects and sorts out the public reports and data of Listed Companies in the pension industry in China,selects the grey correlation method to select the indicators,and finally selects 12 specific indicators,constructs the index system of social impact assessment,and adopts the combination weighting method(AHP and entropy weight)determine the weight of the index.Finally,on the basis of the evaluation index system,taking China’s pension industry as an example,this paper selects the empirical analysis of the social impact investment evaluation results of Listed Companies in the pension industry from 2013 to 2019,and finds that social impact investment is suitable for the pension industry.Then it puts forward some suggestions on the development of social impact investment in China’s pension industry,and promotes the development of social impact investment in China’s pension industry.