Growth in philanthropy is the main driver of impact innovation, and the successive phases of impact innovation from Impact 1.0 to Impact 3.0 are responses to that growth.
Source quote, verbatim
Growth in philanthropy is the main driver of impact innovation.
Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024). SSRN: https://ssrn.com/abstract=4685567
Holds when
global philanthropy since the turn of the century
Classification
mechanismsupport: evidencedinnovation
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