Private finance for public goods
Social impact bonds
Bibliographic Data
| ID | 23364324 |
|---|---|
| Authors | Mildred E Warner (0000-0002-0109-338X, Cornell University, corresponding author) |
| Year | 2013 |
| Volume | 16 |
| Issue | 4 |
| Pages | 303-319 |
| Publication date | 2013-12-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Economic Policy Reform (JOURNAL) |
| Journal identifiers | ISSN: 1748-7870 • E-ISSN: 1748-7889 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/17487870.2013.835727 |
| OpenAlex | W2157937891 |
| Language | EN |
| Citations received | 62 |
| References cited | 37 |
Social impact bonds (SIBs) attract private investment to social programs by paying a market rate of return if predefined outcome targets are met. SIBs monetize benefits of social interventions and tie pay to performance, limiting governmental control once the contract is designed. Despite policy enthusiasm across the globe, SIBs have failed to attract private market investors without substantial additional guarantees. SIBs raise questions about government’s ability to ensure broader public values. Using literature on contracting, performance management, and public private partnerships, this exploratory analysis focuses on institutional design, transaction costs, and performance measurement, outlining the opportunities and concerns SIBs present.
Bond · Business · Economic growth · Economics · Financial system · Macroeconomics · Microeconomics · Private finance initiative · Private sector · Public finance · Public good · Community Development and Social Impact · Finance · Public-Private Partnership Projects · Social Sciences and Governance
The World Ecology of Desalination
Policy mobilities in federal systems
The Promise and Challenge of Social Innovation and Social Enterprise
Conceptualising the Economy-Society Nexus in Well-Being and Happiness Initiatives
Health impact bonds as an innovative payment model for health prevention programs
The promise and performance of social impact bonds
New public management marketizers versus Neo-Weberian state modernizers? Institutional configurations of social impact bond utilization among 18 OECD countries
Contractual acrobatics
Resilience in public service partnerships
Collaborative governance in Social Impact Bonds
Perché e come studiare la filantropia
Conceptualizing new forms of volunteering in urban governance
Moving Beyond Program to Population Impact
Accountability of Environmental Impact Bonds
Policy, fast and slow
Tackling the Big Questions in Social Impact Bond Research through Comparative Approaches
A Comparative Analysis of Social Impact Bond and Conventional Financing Approaches to Health Service Commissioning in England
A Policy Outcomes Comparison
The National Governance and Policy Context of Social Impact Bond Emergence
The Welfare Conventions Approach
The frontier of social impact finance in the public sector
New philanthropy, social impact and social work
Why is impact measurement abandoned in practice? Evidence use in evaluation and contracting for five European Social Impact Bonds
Limits to the financialisation of the state
Networks of knowledge production and mobility in the world of social impact bonds
Social Finance Funding Model for Animal Shelter Programs
Financializing political rationality
The loss of public values when public shareholders go abroad
Improving biodiversity resilience requires both public and private finance
Paying for infrastructure in the post-recession era
The razor’s edge
Betting on children at risk
Surveying the SIB economy
Using derivative logic to speculate on the future of the social investment market
A fictitious commodification of local development through development impact bonds
Ethical capitalism” in the city
Outcomes-based contracts and the hidden turn to public value management
Towards a Theoretical Framework for Social Impact Bonds
Using Benefit-Cost Analysis to Scale Up Early Childhood Programs through Pay-for-Success Financing
Benefit-Cost Analysis of Prevention and Intervention Programs for Youth and Young Adults
Social impact bond- ing ? Evidence on interorganizational relationships in social impact bonds across the United Kingdom
Pay for Success
Financialization beyond partnerships
Negócios de impacto e habitação social
At a cost
Narratives of Promise, Narratives of Caution
Social Impact Bonds und der Disput um die Wohlfahrt
Investing in crime prevention after the crisis
Pragmatic municipalism or austerity urbanism? Understanding local government responses to fiscal stress
Pay‐for‐Success Development in the United States
Are Social Impact Bonds an Innovation in Finance or Do They Help Finance Social Innovation
Derivative character investments
On the difficulties of addressing collective concerns through markets
The allure of finance
Social Impact Bond assetization struggles
Let's Not Have the Perfect Be the Enemy of the Good
Mobilizing affect, shaping market subjects
Financializing Maternal and Newborn Care
The broken promises of the social investment market
Finance interrupted
Social impact bonds and fast policy
On the transformation of children at-risk into an investment proposition
Handbook of qualitative research
The Challenge of Public–Private Partnerships
The Financial Engineering of Infrastructure Privatization
Insourcing and Outsourcing
Public and private bureaucracies
(Not) Valuing Care
Evaluating Eu Policies on Public Services
From Program to Network
You don't always get what you pay for
Performance-Based Contracting in Social Welfare Programs
Market Forces for the Unemployed? Training Vouchers in Germany and the USA
The Consequences of Implementing a Child Care Voucher Scheme
Social Welfare Contracts as Networks
Privatization, Public Goods, and the Ironic Challenge of Free Trade Agreements
Government Contracts and “Managing the Market”
Outsourcing Public Service Delivery
Neoliberalism for the Common Good? Public Value Governance and the Downsizing of Democracy
Collusion in the Dutch waste collection market
Beyond the market versus planning dichotomy
Contracting or Public Delivery? The Importance of Service, Market, and Management Characteristics
Agents or Stewards
Governing the Hollow State
Privatization and Its Reverse
Consumer Sovereignty and Quasi-Market Failure
A Public Management for All Seasons
Infrastructure Financing and Operation in the Contemporary City
Political Science and the Three New Institutionalisms
Playing with fire
| Citations per year | 5.64 |
|---|---|
| Citation span | 2015 - 2026 (12) |
| Highly cited | No |