Lisa Hehenberger

Lisa Hehenberger is an Associate Professor at the Department of Strategy and General Management, Esade Business School, Ramon Llull University. Her research focuses on impact investing, social economy, and organizational hybridity, with a particular emphasis on venture philanthropy and sustainability governance. She is a member of the Grup de recerca en iniciativa emprenedora (Research Group on Entrepreneurial Initiative).

Her work explores the intersection of business and societal challenges, examining how organizations balance financial and social goals. Recent research includes analyzing gender strategies in impact investing, the governance of philanthropic foundations, and the evolution of hybrid organizations. She has published over 40 articles, books, and reports on topics like impact measurement, field emergence, and institutional entrepreneurship.

Lisa's research trends highlight a focus on systemic power dynamics in impact investing, the conflicted nature of materiality decisions, and the iterative theorizing in qualitative research. She contributes to policy and practice through reports like 'Gender Strategies in Investing' and 'Governance of Impact.' Her academic contributions span journals such as Academy of Management Journal and Current Opinion in Environmental Sustainability.

She collaborates with global institutions, including the EVPA (European Venture Philanthropy Association), and leads projects on social enterprise scaling and hybrid organizational models. Her work bridges academic rigor with practical applications in social innovation and sustainable finance.