Private market impact investing firms: Ownership structure and investment style

TF Cojoianu (First Author), AGF Hoepner (Participant Author), YA Lin (Participant Author)

科研成果: 期刊稿件期刊论文

6 引用 (Web of Science)
100 下载量 (Pure)

摘要

Impact investing and ESG investing are specific “ethical” investing types integrating social, environmental, and moral values with financial goals. Despite receiving heightened scholarly attention, the difference between impact and ESG investing is largely unexamined, and it is not clear how they differ from conventional investment. To explain the differences between ESG, impact, and conventional investing, this paper draws on a dataset of over 8000 private market investment (PMI) firms. It compares impact, ESG, and conventional investment across firm characteristics, investment preference, and ownership. Results show that impact investors are more likely to be owned by the government, focusing on agriculture, cleantech, and education while avoiding “sin” industries like gambling and tobacco.
源语言英语
文章编号102374
页数16
期刊International Review of Financial Analysis
84
DOI
出版状态已出版 - 11月 2022

Corresponding author email

lyanan@ceibs.edu

Project sponsor

European Commission
Science Foundation Ireland
IRC
Mistra Financial Systems

Project No.

713279 (CLNE/2018/202)
19/FIP/AI/7539

成果物的来源

  • SSCI
  • ABDC-A

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