Impact investors need to consider both financial and social outcomes when making investments. Impact investors find governance to be a very critical aspect in guiding the investment decisions of impact investors to balance their double bottom lines. This research study tries to evaluate the role of the governing behaviour of impact investors on the financial performance and social impact of their investments. The structural model is used to describe the link between the governing behaviour of impact investments and their financial and social performance. The findings show that agency-oriented governing behaviour is significantly and positively related to financial performance, whereas stewardship-oriented governing behaviour is significantly and positively related to social impact.
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