I propose and develop a framework for the financial economic analysis of investing with altruistic preferences. A key part of the framework is the precise definition of different forms of impact and, in particular, investor impact. This has several practical implications including that investor...

Trillions of dollars are now invested with both implicit and explicit altruistic goals. To address the unique concerns arising from these goals, I develop a tractable general equilibrium model that combines investment, production and altruistic considerations. I use this model to examine the...