Scholda, Fabian, Vandor, Peter, Meyer, Michael, Millner, Reinhard. 2021. Impact Evaluation in Early-Stage Impact Investing Cognitive Patterns and Heuristics of Impact Investors. In Academy of Management Annual Meeting Best Paper Proceedings, Hrsg. Academy of Management, 1-6. Briarcliff Manor, NY: None.
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Abstract
Impact assessment is a high priority for most impact investors. However, little is known about how impact investors assess the potential of early-stage ventures before investing. This paper sheds light on the cognitive pattern used to form ex-ante assessments of social impact potential. Working with 41 verbal protocols of assessments provided by fourteen experienced impact investors, we identify 23 distinct cognitive patterns used to assess impact that were not previously described in research on heuristics of for-profit investors. Findings underscore the distinctiveness of impact investing as a practice and highlight the crucial role of individual cognition in the selection process.
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Status of publication | Published |
---|---|
Affiliation | WU |
Type of publication | Contribution to conference proceedings |
Language | English |
Title | Impact Evaluation in Early-Stage Impact Investing Cognitive Patterns and Heuristics of Impact Investors |
Title of whole publication | Academy of Management Annual Meeting Best Paper Proceedings |
Editor | Academy of Management |
Page from | 1 |
Page to | 6 |
Location | Briarcliff Manor, NY |
Year | 2021 |
URL | https://journals.aom.org/doi/epdf/10.5465/AMBPP.2021.189 |
Open Access | N |
JEL | ENT, TIM |
Associations
- People
- Scholda, Fabian (Details)
- Vandor, Peter (Details)
- Meyer, Michael (Details)
- Millner, Reinhard (Details)
- Organization
- Competence Center for Nonprofit Organizations and Social Entrepreneurship WE (Details)
- Research areas (Ă–STAT Classification 'Statistik Austria')
- 2943 Research and innovation management (Details)
- 5350 Innovation research (Details)
- 5363 Non-profit-sector research (NPO, NPI) (Details)
- 5405 Empirical social research (Details)