Are Social Impact Bonds an Innovation in Finance or Do They Help Finance Social Innovation
Dados Bibliográficos
| ID | 2116364 |
|---|---|
| Autores | Hilary Olson (0009-0009-6803-4753, autor correspondente), Gary Painter (0000-0002-2962-4904), Kevin Albertson (0000-0001-6678-5590, Manchester Metropolitan University), Chris Fox (0000-0001-9480-5704, Manchester Metropolitan University), Christopher Fox (0000-0002-9088-0472), Christopher O’leary, Chris O’leary (0000-0002-4097-8439, Manchester Metropolitan University) |
| Ano | 2024 |
| Volume | 53 |
| Fascículo | 2 |
| Páginas | 407-431 |
| Data de publicação | 2024-04-01 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | Journal of Social Policy (JOURNAL) |
| Identificadores do periódico | ISSN: 0047-2794 • E-ISSN: 1469-7823 |
| Editora | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0047279422000356 |
| OpenAlex | W4225868518 |
| Idioma | EN |
| Citações recebidas | 4 |
| Referências citadas | 34 |
Outcomes Based Commissioning (OBC) - for example, Pay for Success (in the US) or Payment by Results (in the UK) - has been suggested as a way to provide 'more' social services for 'less' public resources. Such commissioning is often linked with an innovative financing tool called a Social Impact Bond (SIB). Using data from the Social Finance UK Database and focusing on SIBs in the US and UK, we evaluate whether the SIB approach aligns with the theoretical predictions of social innovation. The results provide limited evidence that SIBs facilitate capital injections from the private sector into the production of social goods as well as facilitate parts of the process of social innovation - namely, piloting and scaling. We conclude that there is significant variation, both between the US and UK and within the US, in social innovation ecosystems and the role played by SIBs
Bond · Business · Economic growth · Economics · Emerging markets · Impact investing · Payment · Political science · Private finance initiative · Private sector · Process (computing) · Project commissioning · Public economics · Publishing · Social capital · Social impact · Sociology · Community Development and Social Impact · Finance · Nonprofit Sector and Volunteering · Public-Private Partnership Projects
Open Innovation
Private finance for public goods
From Citizen Control to Co-Production
Explicating Open Innovation
The New Public Governance? 1
Five Configurations for Scaling Up Social Innovation
The qualitative content analysis process
Narratives of Promise, Narratives of Caution
Social innovation in question
Towards a Theoretical Framework for Social Impact Bonds
The Process of Social Innovation
Tackling the Big Questions in Social Impact Bond Research through Comparative Approaches
Connecting entrepreneurship with policy experimentation? The EU framework for social innovation
Are Social Innovation Paradigms Incommensurable
Surveying the SIB economy
Towards Alternative Model(s) of Local Innovation
Pay for Success
Pay‐for‐Success Development in the United States
A Public Management for All Seasons
Understanding Healthcare Social Enterprises
The Problem of Success and Failure in Public-private Innovation Partnerships
The role of social innovation policy in social service sector reform
Social Impact Bonds
How Social Innovation 'Came to Be
The Multiple Purposes of Policy Piloting and Their Consequences
| Obras citantes distintas | 4 |
|---|---|
| Citações por ano | 1,33 |
| Intervalo de citações | 2023 - 2026 (4) |
| Velocidade de citação | current |
| Altamente citado | Não |
| Tipos de citação | Neutras: 4 |