Definitions
Social impact bond: form of impact investment in which investors fund evidence-based programs. If the funded interventions are successful, the sponsor is rewarded with a return on the initial investment. However, if the intervention fails, no repayment is required.
Introduction
Social impact bonds (SIBs) are a means to provide funding for social service interventions. These tools of governance have the capacity to generate scalable solutions to complex issues vexing society, particularly in the areas of public health and safety, prison recidivism, homelessness, substance abuse, child welfare, mental health, and education. This innovative financing approach marries private sector, philanthropy, government, and nonprofit entities in hopes of eradicating problems which plaque communities. Innovative finance tools such as SIBs use the investment...
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References
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Carnegie, V.T. (2018). Social Impact Bond. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_3357-1
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DOI: https://doi.org/10.1007/978-3-319-31816-5_3357-1
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