Social benefit bonds: Financial markets inside the state

Social benefit bonds (SBBs), also referred to as social impact bonds (SIBs), are a very recent innovation in the fields of social policy and finance.¹ They are profoundly challenging the conventional division between states and markets, and public and private sectors, since they involve the private...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Hauptverfasser:	Angela Mitropoulos, Dick Bryan
Format:	Buchkapitel
Sprache:	eng
Schlagworte:	Attachment behavior Behavioral sciences Economic benefits Economic costs and benefits Economic disciplines Economics Finance Financial economics Financial investments Financial management Financial risk Funding Government Government initiatives Government programs Human behavior Investment return rates Investment returns Investment risk Investors Microeconomics Political science Public administration Public policy Social behavior Social policy
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Beschreibung
Zusammenfassung:	Social benefit bonds (SBBs), also referred to as social impact bonds (SIBs), are a very recent innovation in the fields of social policy and finance.¹ They are profoundly challenging the conventional division between states and markets, and public and private sectors, since they involve the private funding of programs that are embedded within the provision of state services. So, unlike privatisation and subcontracting, where the state cedes high levels of control to non-state providers, SBBs bring financial calculation and the pursuit of financial yield inside the state. To date, they have applied exclusively to welfare programs (specifically recidivism in the