منابع مشابه
Impact Investing
We show that investors derive utility from non-pecuniary characteristics of investments by studying impact funds, defined as venture or growth equity funds with dual objectives of generating financial returns and positive externalities. Impact funds earn internal rates of return that are 4.7% less than traditional VC funds in reduced form regressions. Based on estimates of a willingness to pay ...
متن کاملExtreme Investing:
1 esearchers have looked into valuation effects for decades. Their research has usually focused on large capitalization stocks. Not as much research has been done on valuations in small capitalization stocks, as there is a tendency by many to associate small capitalization stocks with a growth style. Any research that has been done on small capitalization stocks was usually confined to the lowe...
متن کاملStyle Investing
We study asset prices in an economy where some investors categorize risky assets into different styles and move funds among these styles depending on their relative performance. In our economy, assets in the same style comove too much, assets in different styles comove too little, and reclassifying an asset into a new style raises its correlation with that style. We also predict that style retu...
متن کاملConstructive Interactions Constructive Interactions
The new paradigm of “knowledge construction using experiential based and collaborative learning approaches” is an outstanding opportunity for interdisciplinary research. This document is an attempt to introduce and exemplify as much as possible using the lexicon of “social sciences”, considerations and tools belonging to “artificial intelligence” (e.g.: the machine learning tradition). In the p...
متن کاملSocial Impact Investing
field. Impact investing is on the rise as it allows one to receive financial returns while also attending to some of our largest social and environmental problems. To give a proper review, this paper discusses the current state of impact investing, the six dimensions that compose impact investing, the Framework of Action based on impact investment research, recommendations to enhance the field ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: CFA Institute Magazine
سال: 2017
ISSN: 1543-1398
DOI: 10.2469/cfm.v28.n2.14