The emerging practice of “impact investing” optimizes both financial and social outcomes, and thus promises to support hybrid organizations that simultaneously pursue financial and social goals. We argue, however, that impact investing decisions may be prone to behavioral factors that limit...

Free market advocates consider consumer choice unambiguously welfare-enhancing, but critics argue that availability of certain products can be detrimental for society. Contributing to this debate, we study the case of controversial skin whitening products sold widely in emerging markets....

Free market advocates consider consumer choice unambiguously welfare-enhancing but consumers are often unable to make choices aligned with their well-being, and being disempowered might sometimes drive preference for products with questionable impact. We contribute to this debate on corporate...