Widening perspectives on social impact bonds

被引:27
|
作者
Tan, Stefanie [1 ]
Fraser, Alec [1 ]
McHugh, Neil [2 ]
Warner, Mildred E. [3 ]
机构
[1] London Sch Hyg & Trop Med, Policy Innovat Res Unit, London, England
[2] Glasgow Caledonian Univ, Yunus Ctr Social Business & Hlth, Glasgow, Lanark, Scotland
[3] Cornell Univ, Dept City & Reg Planning, Ithaca, NY USA
关键词
Social impact bonds; pay for success; performance pay; payment by results; FINANCE; POLICY;
D O I
10.1080/17487870.2019.1568249
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
Social Impact Bonds (SIBs) are a novel financing mechanism for public services delivery. This special issue about SIBs in the UK argues that they necessitate closer examination to understand the implications for all stakeholders. This introductory paper critically explores and challenges dominant practitioner narratives of SIBs as "win-win" solutions for governments and service providers. While SIBs may foster innovation it is unclear if they deliver better value given the complexity of public services. SIBs are a strategically ambiguous policy tool and policymakers should be cautious about SIBs due to contractual complexity and issues with ethics, governance, accountability and transparency.
引用
收藏
页码:1 / 10
页数:10
相关论文
共 50 条
  • [1] Paradoxes of Social Impact Bonds
    Maier, Florentine
    Barbetta, Gian Paolo
    Godina, Franka
    [J]. SOCIAL POLICY & ADMINISTRATION, 2018, 52 (07) : 1332 - 1353
  • [2] Social Impact Bonds in Australia
    Ramsay, Ian
    Tan, Corinne
    [J]. JOURNAL OF BANKING AND FINANCE LAW AND PRACTICE, 2018, 29 (03): : 248 - 257
  • [3] Environmental impact bonds: review, challenges, and perspectives
    Trotta, Annarita
    [J]. CURRENT OPINION IN ENVIRONMENTAL SUSTAINABILITY, 2024, 66
  • [4] Social impact bonds in the UK homeless sector: perspectives of front-line link workers
    George, Thomas
    Rogers, Jim
    Roberts, Amanda
    [J]. HOUSING CARE AND SUPPORT, 2020, 23 (3-4) : 123 - 134
  • [5] Widening perspectives on biodiversity
    Krattiger, AF
    [J]. METHODS FOR RISK ASSESSMENT OF TRANSGENIC PLANTS IV: BIODIVERSITY AND BIOTECHNOLOGY, 2003, : 3 - 9
  • [6] Expanding the Concept of Social Impact Bonds
    Andersen, Mikkel Munksgaard
    Dilling-Hansen, Rasmus
    Hansen, Anne Vorre
    [J]. JOURNAL OF SOCIAL ENTREPRENEURSHIP, 2022, 13 (03) : 390 - 407
  • [7] Social Impact Bonds and the Welfare Dispute
    Knoll, Lisa
    [J]. KOLNER ZEITSCHRIFT FUR SOZIOLOGIE UND SOZIALPSYCHOLOGIE, 2018, 70 : 117 - 138
  • [8] Social impact bonds: The securitization of the homeless
    Cooper, Christine
    Graham, Cameron
    Himick, Darlene
    [J]. ACCOUNTING ORGANIZATIONS AND SOCIETY, 2016, 55 : 63 - 82
  • [9] The ethical status of social impact bonds
    Morley, Julia
    [J]. JOURNAL OF ECONOMIC POLICY REFORM, 2021, 24 (01) : 44 - 60
  • [10] Social Impact Investments Beyond Social Impact Bonds: A Research and Policy Agenda
    Chiappini, Helen
    [J]. SOCIAL IMPACT INVESTING BEYOND THE SIB: EVIDENCE FROM THE MARKET, 2018, : 211 - 222