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AbstractThe editors identify and synthesize salient themes on the topic of evaluative thinking that emerged throughout the chapters of this volume. In particular, they address three questions: (1) In what ways has this volume broadened and deepened our collective understanding of evaluative thinking? (2) What new directions of inquiry and action regarding evaluative thinking does this volume orient us toward? and (3) What are the implications of this collection of work for the evaluation field?

AbstractThe importance of context in shaping evaluation practice is broadly accepted. Still, there is much to be learned about context, and we remain at the early stages of this process. In this chapter, we describe a framework for organizing and focusing ideas for conducting research on evaluation context. We hope that this tool will be a source of inspiration for future studies of context, thus contributing to a deeper and higher quality evaluation knowledge base.

Social impact investing is the use of private investment to fund social programs in various public welfare sectors. It is currently unclear which evaluative practices are used to determine the impact of social investment. This study describes how impact investments are evaluated and the factors that help explain variations in practice through survey ( N = 161) and interview ( N = 13) data from investors, intermediaries, entrepreneurs, and analysts. Study findings indicate that analysts typically rely on descriptive quantitative and qualitative data and analyses. Analysts' background, training, and role; perceptions of the goals of the work; and the complexity of a program's theory influence their evaluation approach. More nuanced or indirect impacts of investments may not be captured because evaluation activities tend to be limited in scope and scale. Future research should explore the work of those directly responsible for impact activities to better understand the conditions under which more sophisticated evaluation approaches might be employed.