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Social Impact Bonds and the Perils of Aligned Interests

Maier, Florentine and Meyer, Michael (2017) Social Impact Bonds and the Perils of Aligned Interests. Administrative Sciences, 7 (3). pp. 1-10. ISSN 2076-3387

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Abstract

Social impact bonds (SIBs) have been welcomed enthusiastically as a new funding tool for social innovation, yet also condemned as an instrument that neglects beneficiaries' and taxpayers' interests, opening profit opportunities in the field of social politics for smart private investors. We will shed a more analytical light on SIBs, assuming that, like any contract, SIBs try to align interests between partners with partly converging, partly diverging goals. Thus, it remains mainly a matter of negation, and non-profit social service providers as well as public agencies should avoid particular perils and pitfalls.

Item Type: Article
Keywords: social impact bonds; financialization; commercialization
Divisions: Departments > Management > Nonprofit Management
Version of the Document: Published
Depositing User: Gertraud Novotny
Date Deposited: 01 Aug 2017 09:27
Last Modified: 01 Aug 2017 11:32
Related URLs:
FIDES Link: https://bach.wu.ac.at/d/research/results/82078/
URI: http://epub.wu.ac.at/id/eprint/5662

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