Impact investing can be a valuable financial tool for private-market investors seeking to manage risk.
Impact funds direct capital to companies that generate impact environmental and social benefits.
Impact investing funds have lower returns than public equity markets but perform comparably to non-impact private- market funds on a risk-adjusted basis, researchers found.
The findings were published in the Journal of Financial Economics.
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.