Can investing in social purpose business generate an attractive financial return?

That was the question posed in a new study of investments made through Investors’ Circle (IC), a Brookline, Mass.-based nonprofit network of individual “angel” investors that funds social purpose startups.

Stacey Childress, executive director and senior researcher at the Initiative on Social Enterprise at Harvard Business School, and Olive Darragh, a director in McKinsey & Company’s Boston office, fielded a team...

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