Socially Responsible/impact Investing: Theoretical and Empirical Issues

This paper delves into socially responsible investing (SRI) and impact investing, exploring their theoretical underpinnings and empirical issues. It examines how these investment approaches aim to generate both financial returns and positive social or environmental outcomes. The authors discuss various instruments like Social Impact Bonds (SIBs) and the concept of blended finance, highlighting the complexities and challenges in integrating social goals with financial objectives within capital markets. The research provides insights into balancing profit and social benefit in investment decisions.