Quotation 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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Publication's profile

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)
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