Regional Differences in Impact Investment: a Theory of Impact Investing Ecosystems

This paper explores the regional variations in impact investment, proposing a theory of impact investing ecosystems. It delves into the factors that contribute to the unique development and characteristics of impact investment across different regions. The study examines how local contexts, including entrepreneurship, innovation, and resource acquisition dynamics, shape the evolution of these ecosystems. Understanding these differences is crucial for fostering more effective and tailored impact investment strategies globally. The theory highlights the interconnectedness of various elements within an ecosystem that influence its capacity for social and financial returns.