Impact investing

Conditional logit analysis of qualitative choice behavior

McFadden, D. L. (1972) · eScholarship (California Digital Library) · Cited by 14,203

Hedonic prices and implicit markets: product differentiation in pure competition

Rosen, S. (1974) · Journal of Political Economy · doi:10.1086/260169 · Cited by 10,603

Frontiers in Econometrics

Cragg, J. G., & Zarembka, P. (1975) · Canadian Journal of Economics/Revue canadienne d économique · doi:10.2307/134075 · Cited by 8,477

Golden eggs and hyperbolic discounting

Laibson, D. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555253 · Cited by 6,122

Impure Altruism and Donations to Public Goods: A Theory of Warm-Glow Giving

Andreoni, J. (1990) · The Economic Journal · doi:10.2307/2234133 · Cited by 5,825

Industry costs of equity

Fama, E., & French, K. (1997) · Journal of Financial Economics · doi:10.1016/s0304-405x(96)00896-3 · Cited by 5,776

Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework

Epstein, L. G., & Zin, S. E. (1989) · Econometrica · doi:10.2307/1913778 · Cited by 4,046

Giving with Impure Altruism: Applications to Charity and Ricardian Equivalence

James Andreoni, A. (1989) · Journal of Political Economy · doi:10.1086/261662 · Cited by 3,165

The price of sin: The effects of social norms on markets

Hong, H., & Kacperczyk, M. (2009) · Journal of Financial Economics · doi:10.1016/j.jfineco.2008.09.001 · Cited by 2,601

Do institutional investors drive corporate social responsibility? International evidence

Dyck, A., Lins, K. V., Roth, L., & Wagner, H. F. (2019) · Journal of Financial Economics · doi:10.1016/j.jfineco.2018.08.013 · Cited by 2,547

Entrepreneurial finance and sustainability: Do institutional investors impact the ESG performance of SMEs?

Drobetz, W., Ghoul, S. E., Guedhami, O., Hackmann, J. P., & Momtaz, P. P. (2024) · Journal of Business Venturing Insights · doi:10.1016/j.jbvi.2024.e00498 · Cited by 40

Does macroprudential policy matter for corporate green innovation? The role of financing constraints and public environmental concerns

Lin, X. C., Zhang, J., Yu, L., & Zhong, Q. (2024) · Economic Analysis and Policy · doi:10.1016/j.eap.2024.04.018 · Cited by 33

Environmental, social and governance-type investing: a multi-stakeholder machine learning analysis

Jaiswal, R., Gupta, S., & Tiwari, A. K. (2025) · Management Decision · doi:10.1108/md-04-2024-0930 · Cited by 31

Impact Investing: Killing Two Birds with One Stone?

Caseau, C., & Grolleau, G. (2020) · Financial Analysts Journal · doi:10.1080/0015198x.2020.1779561 · Cited by 31

Employee Satisfaction and Long-Run Stock Returns, 1984–2020

Boustanifar, H., & Kang, Y. D. (2021) · Financial Analysts Journal · doi:10.1080/0015198x.2022.2074241 · Cited by 31

Fundraising, Governance and Environmental Ethics: Evidence from Equity Crowdfunding

Silvio Vismara, A., & Wirtz, P. (2025) · Journal of Business Ethics · doi:10.1007/s10551-024-05917-3 · Cited by 30

Global Carbon Divestment and Firms' ActionsPreprint

Choi, D., Gao, Z., & Jiang, W. (2020) · SSRN Electronic Journal · doi:10.2139/ssrn.3589952 · Cited by 31

Which ESG+F dimension matters most to retail investors? An experimental study on financial decisions and future generations

Benuzzi, M., Klaser, K., & Bax, K. (2023) · Journal of Behavioral and Experimental Finance · doi:10.1016/j.jbef.2023.100882 · Cited by 36

Dynamic incentive contracts for ESG investing

Zhang, Y., & Yang, Z. (2024) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2024.102614 · Cited by 29

Contagious greenwashing investment

Sun, Y., Jiang, S., & Wang, S. (2024) · China Finance Review International · doi:10.1108/cfri-04-2024-0191 · Cited by 28

A Systematic Literature Review of Technology Social Ventures: State of the Art and Directions for Future Research at the Micro-, Meso- and Macro-Level

Grassi, E., & Toschi, L. (2021) · Journal of Social Entrepreneurship · doi:10.1080/19420676.2021.2004556 · Cited by 28

Environmental preference, air pollution, and fund flows in China

Jo, H., Kim, H.-E., & Sim, M. (2022) · Pacific-Basin Finance Journal · doi:10.1016/j.pacfin.2022.101723 · Cited by 27

Understanding Impact Investment Intention Using the Extended Theory of Planned Behaviour

Rathee, P., & Aggarwal, S. (2022) · Global Business Review · doi:10.1177/09721509221115001 · Cited by 35

How impact investing firms are responding to sustain and grow social economy enterprises in light of the COVID-19 pandemic

Islam, S. M., & Habib, A. (2022) · Journal of Business Venturing Insights · doi:10.1016/j.jbvi.2022.e00347 · Cited by 27

Impact investing in disadvantaged urban areas

Boulongne, R., Durand, R., & Flammer, C. (2023) · Strategic Management Journal · doi:10.1002/smj.3544 · Cited by 27

Joining Forces: The Spillover Effects of EPA Enforcement Actions and the Role of Socially Responsible InvestorsPreprint

Dasgupta, S., Huynh, T., & Xia, Y. (2021) · SSRN Electronic Journal · doi:10.2139/ssrn.3936584 · Cited by 27

A Systematic Review of Sustainable Investment Approaches

Akala, C. S., Neuhaus, T., & Leary-Govender, I. O. (2022) · International Journal of Economics and Finance · doi:10.5539/ijef.v14n12p72 · Cited by 26

What drives sustainable investing? Adoption determinants of sustainable investing exchange-traded funds in Europe

Marszk, A., & Lechman, E. (2023) · Structural Change and Economic Dynamics · doi:10.1016/j.strueco.2023.11.018 · Cited by 28

Does heterogeneous media sentiment matter the ‘green premium’? An empirical evidence from the Chinese bond market

Fu, Y., He, L., Liu, R., Liu, X., & Chen, L. (2024) · International Review of Economics & Finance · doi:10.1016/j.iref.2024.02.076 · Cited by 26

A Primer on Green Finance: From Wishful Thinking to Marginal Impact

Krahnen, J., Rocholl, J., & Thum, M. (2023) · Revista Economía · doi:10.1515/roe-2023-0019 · Cited by 19

The value of “green label”: green factory and corporate ESG performance

Wei, X., Jiang, F., & Chen, Y. (2024) · Applied Economics Letters · doi:10.1080/13504851.2024.2332542 · Cited by 25

Green Loans and Firm Performance: Evidence on Signalling and Impact Investing Effects

Hoang, B. T., Benbouzid, N., Mallick, S., & Stojanović, A. (2025) · European Financial Management · doi:10.1111/eufm.70003 · Cited by 25

Do Investors Care About Impact?Preprint

Heeb, F., Koelbel, J., Paetzold, F., & Zeisberger, S. (2021) · SSRN Electronic Journal · doi:10.2139/ssrn.3765659 · Cited by 25

How Do Investors Value ESG?Preprint

Baker, M. P., Egan, M., & Sarkar, S. K. (2022) · SSRN Electronic Journal · doi:10.2139/ssrn.4293621 · Cited by 32

Support for sustainable finance and investment in Europe

Olumekor, M., & Oke, A. (2024) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2024.141769 · Cited by 18

Delegated Investment Management in Alternative Assets

Andonov, A. (2022) · The Review of Corporate Finance Studies · doi:10.1093/rcfs/cfac027 · Cited by 30

Institutional Investors, Alternative Asset Managers, and ESG Preferences

McCahery, J. A., Pudschedl, P. C., & Steindl, M. (2022) · European Business Organization Law Review · doi:10.1007/s40804-022-00264-0 · Cited by 36

An Investment Strategy Based on Impact

Juddoo, K., Malki, I., Mathew, S., & Sivaprasad, S. (2021) · Review of Quantitative Finance and Accounting · doi:10.1007/s11156-023-01149-0 · Cited by 33

Confederate Memorials and the Housing MarketPreprint

Green, T. C., Jame, R. E., Lee, J., & Lee, J. (2022) · SSRN Electronic Journal · doi:10.2139/ssrn.4022721 · Cited by 23

What Do Impact Investors Do Differently?

Cole, S. A., Jeng, L. A., Lerner, J., Rigol, N., & Roth, B. (2023) · National Bureau of Economic Research · doi:10.3386/w31898 · Cited by 24

SFDR Article 9: Is it all about impact?

Scheitza, L., & Busch, T. (2024) · Finance Research Letters · doi:10.1016/j.frl.2024.105179 · Cited by 20

Sustainable development through green finance—An exploratory investigation in the financial industry of France

Sohail, M., Khan, S., Akbar, A., Hedvičáková, M., & Haider, S. A. (2024) · Journal of Infrastructure Policy and Development · doi:10.24294/jipd.v8i7.4668 · Cited by 23

Households' investments in socially responsible mutual funds

Christiansen, C., Jansson, T., Kallestrup‐Lamb, M., & Noren, V. (2022) · The Quarterly Review of Economics and Finance · doi:10.1016/j.qref.2022.11.005 · Cited by 23

Does interest rate liberalization affect corporate green investment?

Wu, W., Yang, S., Li, A., Chen, Y., & Chen, S. (2024) · Energy Economics · doi:10.1016/j.eneco.2024.107377 · Cited by 23

Empowering sustainable development: The crucial nexus of green fintech and green finance in Luxembourg’s banking sector

Sohail, M., Khan, S., Akbar, A., & Svobodová, L. (2024) · Journal of Infrastructure Policy and Development · doi:10.24294/jipd.v8i7.4979 · Cited by 24

Testing the market efficiency in Indian stock market: evidence from Bombay Stock Exchange broad market indices

Elangovan, R., Gnanasekar, I. F., & Parayitam, S. (2022) · Journal of Economics Finance and Administrative Science · doi:10.1108/jefas-04-2021-0040 · Cited by 22

Social impact venture capital investing: an explorative study

Croce, A., Ughetto, E., Scellato, G., & Fontana, F. (2021) · Venture Capital · doi:10.1080/13691066.2021.1982069 · Cited by 21

Forward-looking impact assessment – An interdisciplinary systematic review and research agenda

Strömmer, K., & Ormiston, J. (2022) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2022.134322 · Cited by 21

Are cities venturing green? A global analysis of the impact of green entrepreneurship on city air pollution

Cojoianu, T., Hoepner, A. G. F., Hu, X., Ramadan, M., Veneri, P., & Wójcik, D. (2023) · Small Business Economics · doi:10.1007/s11187-023-00764-4 · Cited by 21

Past, present and future of impact investing and closely related financial vehicles: a literature review

Chiappini, H., Marinelli, N., Jalal, R. N.-U.-D., & Birindelli, G. (2023) · Sustainability Accounting, Management and Policy Journal · doi:10.1108/sampj-09-2022-0471 · Cited by 12

Impact of ESG preferences on investments and emissions in a DSGE framework

Wang, R., Bian, Y., & Xiong, X. (2024) · Economic Modelling · doi:10.1016/j.econmod.2024.106731 · Cited by 19

Crowdfunding: A Theory-Centered Review and Roadmap of the Multidisciplinary Literature

Escudero, S. B., Anglin, A. H., Allison, T. H., & Wolfe, M. T. (2025) · Journal of Management · doi:10.1177/01492063251328267 · Cited by 27

Fund managers acting as impact investors: Strategies, practices, and tensions

Bandini, F., Chiappini, H., & Pallara, F. (2022) · Corporate Social Responsibility and Environmental Management · doi:10.1002/csr.2255 · Cited by 19

An Ecosystem for Social Entrepreneurship and Innovation: How the State Integrates Actors for Developing Impact Investing in Portugal

Christopoulos, T. P., Matos, P. V., & Borges, R. D. (2023) · Journal of the Knowledge Economy · doi:10.1007/s13132-023-01279-9 · Cited by 22

Reconciling sustainability preferences and behavior — The case of mutual fund investments

Löfgren, Å., & Nordblom, K. (2023) · Journal of Behavioral and Experimental Finance · doi:10.1016/j.jbef.2023.100880 · Cited by 19

Financing Sustainable Entrepreneurship: ESG Measurement, Valuation, and Performance in Token OfferingsPreprint

Mansouri, S., & Momtaz, P. P. (2021) · SSRN Electronic Journal · doi:10.2139/ssrn.3844259 · Cited by 19

Sustainable investors: value and valuesPreprint

Degryse, H., Giuli, A. D., Sekerci, N., & Stradi, F. (2023) · SSRN Electronic Journal · doi:10.2139/ssrn.4411343 · Cited by 20

Do venture capital investments contribute to the achievement of the sustainable development goals?

Gucciardi, G. (2024) · Business Strategy and the Environment · doi:10.1002/bse.3942 · Cited by 21

Executive compensation with environmental and social performance

Chaigneau, P., & Sahuguet, N. (2025) · European Finance Review · doi:10.1093/rof/rfaf012 · Cited by 18

Maximizing Finance for Development

Bank, W. (2022) · doi:10.1596/37100 · Cited by 18

Industrial Policy for the Sustainable Development Goals

OECD (2021) · OECD eBooks · doi:10.1787/2cad899f-en · Cited by 18

Investor Reliance on ESG Ratings and Stock Price PerformancePreprint

Rzeźnik, A., Hanley, K. W., & Pelizzon, L. (2021) · SSRN Electronic Journal · doi:10.2139/ssrn.3801703 · Cited by 18

Long-run Returns to Private Equity in Emerging Markets

Cole, S. A., Melecký, M., Mölders, F., & Reed, T. (2020) · National Bureau of Economic Research · doi:10.3386/w27870 · Cited by 18

An Exploratory Study of the Association Between Green Bond Features and ESG Performance

Wu, S. J., Raghupathi, W., & Raghupathi, V. (2025) · Sustainability · doi:10.3390/su17052094 · Cited by 23

Current demand and supply of impact investments across different geographic regions, sectors, and stages of business: Match or mismatch?

Islam, S. M., & Scott, T. (2021) · Australian Journal of Management · doi:10.1177/03128962211053411 · Cited by 17

New insights on social finance research in the sustainable development context

González-Ruíz, J. D., Marín‐Rodríguez, N. J., & Weber, O. (2024) · Business Strategy & Development · doi:10.1002/bsd2.342 · Cited by 17

Do investors care about carbon emissions? Evidence based on stock return co-movement with machine learning-augmented data

Li, L. S., & Zhao, Y. C. (2024) · China Finance Review International · doi:10.1108/cfri-05-2024-0240 · Cited by 17

Sustainable and responsible investment funds in Europe

Sládková, J., Kolomazníková, D., Formánková, S., Trenz, O., Kolomazník, J., & Faldík, O. (2021) · Measuring Business Excellence · doi:10.1108/mbe-07-2019-0072 · Cited by 17

Why Do Retail Investors Pick Green Investments? A Lab-in-the-Field Experiment with CrowdfundersPreprint

Siemroth, C., & Hornuf, L. (2021) · SSRN Electronic Journal · doi:10.2139/ssrn.3892621 · Cited by 17

When Green Investors Are Green ConsumersPreprint

Sauzet, M., & Zerbib, O. D. (2022) · SSRN Electronic Journal · doi:10.2139/ssrn.4098124 · Cited by 17

Does Mandatory Disclosure Matter for Private Equity Funds?Preprint

Jiang, F., Mason, P., Qian, Y., & Utke, S. (2022) · SSRN Electronic Journal · doi:10.2139/ssrn.4271808 · Cited by 17

Are impact and financial returns mutually exclusive? Evidence from publicly-listed impact investments

Bernal, O., Hudon, M., & Ledru, F.-X. (2021) · The Quarterly Review of Economics and Finance · doi:10.1016/j.qref.2021.04.010 · Cited by 15

Stakeholder impact of private equity investments

Sørensen, M., & Yasuda, A. (2023) · Handbook of the economics of corporate finance · doi:10.1016/bs.hecf.2023.02.007 · Cited by 16

Improving biodiversity resilience requires both public and private finance: A life-cycle analysis of biodiversity finance

Beverdam, J., Hubacek, K., Scholtens, B., & Sijtsma, F. (2025) · Ecological Economics · doi:10.1016/j.ecolecon.2025.108607 · Cited by 15

Are All ESG Funds Created Equal? Only Some Funds Are Committed

Lowry, M. B., Wang, P., & Wei, K. D. (2025) · Review of Financial Studies · doi:10.1093/rfs/hhaf084 · Cited by 15

Crowding-in or Crowding-out? How Subsidies Signal the Path to Financial Independence of Social Enterprises

Reichert, P., Hudon, M., Szafarz, A., & Christensen, R. K. (2021) · Perspectives on Public Management and Governance · doi:10.1093/ppmgov/gvab014 · Cited by 15

Effect of financial knowledge and information behavior on sustainable investments: evidence from India

Shanmugam, K., Vijayabanu, C., & Parayitam, S. (2022) · Journal of Sustainable Finance & Investment · doi:10.1080/20430795.2022.2073958 · Cited by 15

Impact investing: Scientometric review and research agenda

Singhania, M., & Swami, D. (2023) · Business Ethics the Environment & Responsibility · doi:10.1111/beer.12599 · Cited by 16

External Reviews and Green Bond Credibility

Allman, E., & Lock, B. (2022) · Journal of Climate Finance · doi:10.1016/j.jclimf.2024.100036 · Cited by 15

The effect of gender and parenting daughters on judgments of morally controversial companies

Niszczota, P., & Białek, M. (2021) · PLoS ONE · doi:10.1371/journal.pone.0260503 · Cited by 15

The Rise of State-Owned Investors: Sovereign Wealth Funds and Public Pension FundsPreprint

Megginson, W. L., Lopez, D. R., & Malik, A. I. (2020) · SSRN Electronic Journal · doi:10.2139/ssrn.3712690 · Cited by 15

Buyouts: A Primer

Jenkinson, T., Kim, H., & Weisbach, M. S. (2021) · National Bureau of Economic Research · doi:10.3386/w29502 · Cited by 15

Executive Compensation Tied to ESG Performance: International EvidencePreprint

Cohen, S., Kadach, I., Ormazábal, G., & Reichelstein, S. J. (2022) · SSRN Electronic Journal · doi:10.2139/ssrn.4097202 · Cited by 16

The End of ESG

Edmans, A. (2022) · doi:10.2139/ssrn.4221990 · Cited by 15

Why Do Investors Pay Higher Fees for Sustainable Investments? An Experiment in Five European CountriesPreprint

Engler, D., Gutsche, G., & Smeets, P. (2023) · SSRN Electronic Journal · doi:10.2139/ssrn.4379189 · Cited by 15

Social Preferences and Corporate InvestmentPreprint

Thomas Dangl, A., Halling, M., Yu, J., & Josef Zechner, B. (2023) · SSRN Electronic Journal · doi:10.2139/ssrn.4470567 · Cited by 15

In the mood for sustainable funds?

Fernández-Pérez, A., Garel, A., & Indriawan, I. (2022) · Economics Letters · doi:10.1016/j.econlet.2022.110691 · Cited by 14

Managing Wine Tourism and Biodiversity: The Art of Ambidexterity for Sustainability

Lamoureux, C., Barbier, N., & Bouzdine‐Chameeva, T. (2022) · Sustainability · doi:10.3390/su142215447 · Cited by 14

Do mutual funds greenwash? Evidence from fund name changes

Cochardt, A., Heller, S., & Orlov, V. (2026) · Research in International Business and Finance · doi:10.1016/j.ribaf.2026.103555 · Cited by 17

An empirical analysis of corporate sustainability bonds

Mathew, S., & Sivaprasad, S. (2023) · Business Strategy and the Environment · doi:10.1002/bse.3663 · Cited by 15

Exploring the signaling effect of B Corp certification in entrepreneurial finance

Pollmeier, T. M., Hirschmann, M., & Fisch, C. O. (2025) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2025.144978 · Cited by 15

The Impact of Sustainable Investment Funds – Impact Channels, Status Quo of Literature, and Practical ApplicationsPreprint

Wilkens, M., Rohleder, M., & Zink, J. (2022) · SSRN Electronic Journal · doi:10.2139/ssrn.4205546 · Cited by 12

Political Divide and Partisan Portfolio DisagreementPreprint

Pan, Y., PIKULINA, E. S., Siegel, S., & Wang, T. Y. (2023) · SSRN Electronic Journal · doi:10.2139/ssrn.4381330 · Cited by 14

Virtues of impact financing: Do financial institutions benefit from considering the environmental impact on financing decisions?

Gao, Y., & Hoepner, A. G. F. (2024) · Journal of Environmental Management · doi:10.1016/j.jenvman.2024.120259 · Cited by 13

The Systemic Governance Influence of Expectation Documents: Evidence from a Universal Owner

Aguilera, R. V., Bermejo, V. J., Capapé, J., & Cuñat, V. (2024) · The Review of Corporate Finance Studies · doi:10.1093/rcfs/cfae009 · Cited by 13

Impact Risk Management in Impact Investing: How Impact Investing Organizations Adopt Control Mechanisms to Manage Their Impact Risk

Islam, S. M. (2022) · Journal of Management Accounting Research · doi:10.2308/jmar-2021-041 · Cited by 13

Blockholders and the ESG performance of M&A targets

Taglialatela, J., Barontini, R., Testa, F., & Iraldo, F. (2022) · Journal of Management & Governance · doi:10.1007/s10997-022-09665-2 · Cited by 13

Information, market power and welfare

Lou, Y., & Rahi, R. (2023) · Journal of Economic Theory · doi:10.1016/j.jet.2023.105756 · Cited by 13

Household Climate Finance: Theory and Survey Data on Safe and Risky Green Assets

Aron-Dine, S., Beutel, J., Piazzesi, M., & Schneider, M. (2024) · National Bureau of Economic Research · doi:10.3386/w32615 · Cited by 13

How does green preference impact sustainability-based investment strategy? Evidence from the Chinese stock market

Du, Q., Su, W., Liang, D., & Wang, L. (2023) · Economic Modelling · doi:10.1016/j.econmod.2023.106292 · Cited by 12

Why don’t you like me? Exploring the social venture funding gap in angel investing

Wesemann, H., & Antretter, T. (2023) · Journal of Business Venturing Insights · doi:10.1016/j.jbvi.2023.e00433 · Cited by 12

Investment motives and performance expectations of impact investors

Bachmann, K., Meyer, J., & Krauss, A. (2024) · Journal of Behavioral and Experimental Finance · doi:10.1016/j.jbef.2024.100911 · Cited by 12

How do ESG firms invest?

Braun, M., Marcet, F., & Raddatz, C. E. (2024) · International Review of Financial Analysis · doi:10.1016/j.irfa.2024.103863 · Cited by 12

From pro-environmental behavior to ESG fund investing: Evidence from account-level data in China

Qian, S., You, H., & Wan, D. (2025) · Energy Economics · doi:10.1016/j.eneco.2025.108271 · Cited by 13

Driving ESG Excellence: Analysing China's Green Finance Policy With Double/Debiased Machine Learning

Zhong, W., Xu, W., Han, M., Zhong, J., & Albitar, K. (2025) · International Journal of Finance & Economics · doi:10.1002/ijfe.3142 · Cited by 12

What Is Green Fintech?

Broby, D., & Yang, Z. (2025) · Journal of risk and financial management · doi:10.3390/jrfm18070379 · Cited by 17

Drifting from the Sustainable Development Goal: Style Drift in ESG Funds

He, Z., Hu, K., & Li, Z. (2023) · Sustainability · doi:10.3390/su151612472 · Cited by 12

Harnessing Technology for a Sustainable Future in Finance: The Role of Artificial Intelligence in Promoting Environmental Responsibility

Singh, S., Yadav, S., Singh, A., Krishna, Y. J., & Singh, A. (2024) · Studies in systems, decision and control · doi:10.1007/978-3-031-63402-4_30 · Cited by 11

Risk, return, and environmental and social ratings

Chava, S., Kim, J. H., & Lee, J. (2025) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2025.102744 · Cited by 11

Investing in a Cleaner Future: The Role of Institutional Investors in Corporate Waste Management

Slama, A., Ghozzi, K., Lakhal, F., Guizani, A., & Hussainey, K. (2025) · Business Strategy and the Environment · doi:10.1002/bse.4222 · Cited by 13

Do Investors Care about Impact?

Heeb, F., Kölbel, J. F., Paetzold, F., & Zeisberger, S. (2023) · The Review of Financial Studies · doi:10.1093/rfs/hhac066 · Cited by 332

Investing for impact: The dual objective dilemma

Salonen, M. (2021) · Aaltodoc (Aalto University)

The risk and return of impact investing funds

Jeffers, J., Lyu, T., & Posenau, K. E. (2024) · Journal of Financial Economics · doi:10.1016/j.jfineco.2024.103928 · Cited by 66

Investing with dual objectives : the investment decision of impact investors and their preferences for the business model of social ventures : a qualitative exploration

Due, H. K., & Lund, C. (2018) · BIBSYS Brage (BIBSYS (Norway))

The financial return to social impact

Leibhammer, A. A. (2022) · Digital Library of the University of Innsbruck (University of Innsbruck)