Impact Investing

The Palgrave Encyclopedia of Private Equity (https://link.springer.com/referencework/10.1007/978-3-030-38738-9)

15 Pages Posted: 1 May 2023 Last revised: 23 Jul 2023

See all articles by Ayako Yasuda

Ayako Yasuda

University of California, Davis - Graduate School of Management

Date Written: April 27, 2023

Abstract

Impact investing is a class of investments that are designed to meet the non-pecuniary preferences of investors (or beneficiaries) and aim to generate a positive externality actively and causally through their ownership and/or governance of the companies they invest in. Impact investing emerged as a new branch of responsible, sustainable or ESG (environmental, social, and governance) investment universe in the last few decades. In this article, we provide a definition of impact investing, review the extant literature, and discuss suggestions for future research.

Keywords: double bottom line investing; dual objective investing; prosocial investing; consequentialist investing; investing with non-pecuniary benefit

JEL Classification: G11, G21, G22, G23, G24, G28, H41, M14

Suggested Citation

Yasuda, Ayako, Impact Investing (April 27, 2023). The Palgrave Encyclopedia of Private Equity (https://link.springer.com/referencework/10.1007/978-3-030-38738-9), Available at SSRN: https://ssrn.com/abstract=4431236

Ayako Yasuda (Contact Author)

University of California, Davis - Graduate School of Management ( email )

One Shields Avenue
Davis, CA 95616
United States
530-752-0775 (Phone)
530-752-2924 (Fax)

HOME PAGE: http://www.ayakoyasuda.com

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