How Impact Investing Threatens Corporate Governance

There is a certain immediate attractiveness associated with the idea of impact investing. The objectives of many impact investors are in some ways similar to those of many critics of capitalist societies: both groups want to contribute to the achievement of various socially worthy objectives that the market does not seem to satisfy by itself, at least not to a sufficient extent. But unlike anti-capitalist political activism, which is based on the beliefs that markets are inherently flawed, impact investing looks like a classic affirmation of the market: by putting his money where his mouth is, an impact investor may … Read more