EIRN - Externality Investment Research Network

The Externality Investment Research Network‘s (EIRN) goals are to encourage, initiate, incubate, collect, coordinate, and disseminate research by academics, practitioners, and others on the financial impact of the economic externalities generated by portfolio companies on asset owners’ and asset managers’ portfolios. This includes research and thinking that has sometimes been called the “whole portfolio effect” or the “universal owner effect”. To date, research in this area has been primarily qualitative and case based and/or focused on economic analysis. The initial goal of EIRN is to stimulate complementary quantitative studies and develop models, analytics and methods. The second goal of the project is to analyze various implications of this research, e.g. for fiduciary duty, system-level investing, impact on investors and beneficiaries, on civil society sectors.