Lisa Hehenberger
Lecturer, Department of Strategy and General Management in ESADE
Contracted Doctoral Professor

Director, EEI - ESADE Entrepreneurship Institute

Education

  • Ph.D. in Management. IESE Business School, University of Navarra
  • CEMS Master. HEC Paris
  • Master of Science in Economics and Business Administration. Stockholm School of Economics

Areas of interest

  • Venture philanthropy and social impact investment
  • Social Entrepreneurship
  • Field construction as an entrepreneurial preject
  • Corporate impact strategies
  • Organisational philanthropy

Biography

Dr. Lisa Hehenberger is a lecturer in Strategy and General Management at ESADE. She is a renowned expert on venture philanthropy and social impact investment.

She is a member of the European Commission's Expert Group on Social Business (GECES) and of the OECD's Social Impact Investment Expert group. She served on the French National Advisory Board and the Impact Measurement Working Group of the Social Impact Investment Task Force established by the G8. Until recently, she was the Research and Policy Director of the European Venture Philanthropy Association (EVPA). EVPA is the pan-European association for venture philanthropy and social impact investment. She set up and ran EVPA's Knowledge Centre, conducting and publishing research, and collecting and disseminating data and knowledge. She also coordinated EVPA's policy initiatives, facilitating the transfer of knowledge between policy makers and practitioners.
Dr. Hehenberger's research focuses on applying organisational theory to study the evolution of venture philanthropy and social impact investment. She has published in prestigious academic journals such as the Academy of Management Journal, and practitioner-oriented publications such as Stanford Social Innovation Review, as well as in numerous publications for the EVPA Knowledge Centre. She is a member of the scientific board of SDA Bocconi School of Management's Impact Investing Lab and has served as advisor to the EU-funded research projects SEFORIS (social entrepreneurship for innovative and inclusive societies) and ITSSOIN (impact of the third sector as social innovation). Dr. Hehenberger has advised organisations such as WWF and Meridia Capital Partners on the impact of invested funds.

Dr. Hehenberger has a PhD in management from IESE Business School and a master's degree in business and economics from Stockholm School of Economics and HEC (CEMS). Previously she worked in investment banking at UBS and GB Investment Banking in London, Madrid, and Barcelona.


Selected publications

Nogales, R., Hehenberger, L., Daniele, D., Catana, L. & Stokkink, D. (2016). Social enterprises and the social economy going forward. A call for action from the Commission Expert Group on Social Entrepreneurship (GECES). Brussels; Luxembourg: European Commission.

Hehenberger, L., Boiardi, P. & Gianoncelli, A. (2016). From philanthropy to venture philanthropy. In Vecchi, V., Balbo, L., Brusoni, M. & Caselli, S. (Eds.), Principles and practice of impact investing: A catalytic revolution (pp. 128-148). Sheffield: Greenleaf Publishing.

Hehenberger, L. (2016). De la mesure à la gestion de l'impact: La perspective de l'investisseur à impact social. In Mérieux, A. (Ed.), Rapport moral sur l'argent dans le monde 2015-2016 (pp. 203-209). Paris: Association d'Economie Financière.

Boiardi, P. , Hehenberger, L. & Gianoncelli, A. (2016). Impact measurement in practice: In-depth case studies. Brussels: European Venture Philanthropy Association (EVPA).

Balbo, L., Boiardi, P. , Hehenberger, L., Mortell, D. , Oostlander, P. & Vittone, E. (2016). A practical guide to venture philanthropy and social impact investment. Brussels: European Venture Philanthropy Association (EVPA).

Boiardi, P. & Hehenberger, L. (2015). A practical guide to adding value through non-financial support. Brussels: European Venture Philanthropy Association (EVPA).

Hehenberger, L. & Harling, A. (2015). What are the challenges to measuring the social impact of social enterprises?. In Noya, A., Policy brief on social impact measurement for social enterprises (pp. 14-17). Paris: Organisation for Economic Co-operation and Development (OECD).

Hehenberger, L., Harling, A. & Scholten, P. (2015). A practical guide to measuring and managing impact (2 ed.). Brussels: European Venture Philanthropy Association (EVPA).

Varga, E. (2015). Hehenberger, L. & Boiardi, P. (Eds.), Corporate social impact strategies-new paths for collaborative growth. Brussels: European Venture Philantropy Association (EVPA).

Hehenberger, L. & Boiardi, P. (2015). Learning from failures in venture philanthropy and social investment. Brussels: European Venture Philanthropy Association (EVPA).

Clifford, J. , Hehenberger, L., Fantini, M. , Grabenwarter, U., Ratti, M. & Valcarcel, M. (2015). Proposed approaches to social impact measurement. Brussels; Luxembourg: European Commission.

Hehenberger, L., Boiardi, P. & Gianoncelli, A. (2014). European venture philanthropy and social investment 2013/14. The EVPA survey. Brussels: European Venture Philanthropy Association (EVPA).

Boiardi, P. & Hehenberger, L. (2014). A practical guide to planning and executing an impactful exit. Brussels: European Venture Philanthropy Association (EVPA).

Mair, J. & Hehenberger, L. (2014). Front-stage and backstage convening: The transition from opposition to mutualistic coexistence in organizational philanthropy. Academy of Management Journal, 57 (4), pp. 1174-1200. DOI: http://dx.doi.org/10.5465/amj.2012.0305..

Hehenberger, L. & Harling, A. (2014). European venture philanthropy and social investment 2012/2013. Brussels: European Venture Philanthropy Association (EVPA).

Hehenberger, L. (Ed.), (2014). Social impact strategies for banks: Venture philanthropy and social investment. Brussels: European Venture Philanthropy Association (EVPA).

Hehenberger, L., Buckland, L. & Hay, M. (2013). The growth of European venture philanthropy. Stanford Social Innovation Review, (Summer 2013), pp. 32-39.

Metz Cummings, A. & Hehenberger, L. (2011). A guide to venture philanthropy for venture capital and private equity investors. Brussels: European Venture Philanthropy Association (EVPA).

Hehenberger, L. & Metz Cummings, A. (2010). Strategies for foundations: When, why and how to use venture philanthropy. Brussels: European Venture Philanthropy Association (EVPA), London: Alliance Publishing Trust.