Research
The scoring framework comes out of published, peer-reviewed work on impact deal terms.
Impact Deal Terms
Anne Tucker & Jessica Jeffers · Journal name · 2024
Field-defining empirical work cataloging impact deal terms, highlighting the role of participatory governance and noting the absence of impact-linked compensation.
Side Letters
Anne Tucker & Jessica Jeffers · Journal name · 2024
Documenting the costly and inefficient aspects of side letter terms with an emphasis on confidentiality, and suggesting a path forward with a standardized LPA language menu.
Exit and ESOPs
Anne Tucker & Jessica Jeffers · Journal name · 2024
Examining how exit differs with impact investments, evidenced by findings that many funds use employee stock ownership plans as a deal term with portfolio companies.
Stakeholder Consideration
Anne Tucker & Jessica Jeffers · Journal name · 2024
Exploring laws that expand directors' ability to consider other stakeholders — finding that while some led to litigation, they haven't deterred institutions with high fiduciary duty.