New development: Private finance over public good? Questioning the value of impact bonds

Colin Dey; Jane Gibbon

doi:10.1080/09540962.2018.1477676

New development: Private finance over public good? Questioning the value of impact bonds

Colin Dey, Jane Gibbon

Research output: Contribution to journal › Article › peer-review

13 Citations (Scopus)

Abstract

This article contrasts the proposed benefits of social impact bonds (SIBs) with the more mixed performance of initial projects, and reviews the early literature, revealing a similar divide between initial optimism and subsequent critique. Despite this, SIBs continue to receive high-level support, while expanding their reach through controversial new ‘development’ and ‘environmental’ impact bonds. This situation deserves more scrutiny in the accounting literature.

Original language	English
Pages (from-to)	375-378
Number of pages	4
Journal	Public Money & Management
Volume	38
Issue number	5
DOIs	https://doi.org/10.1080/09540962.2018.1477676
Publication status	Published - 1 Jun 2018

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10.1080/09540962.2018.1477676

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New development: Private finance over public good? Questioning the value of impact bonds

Abstract

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