Mainstreaming social impact bonds: A critical analysis

Thomas Walker, Sherif Goubran, Moein Karami, Adele Dumont-Bergeron, Tyler Schwartz and Kalima Vico

Finance Research Letters, 2023, vol. 53, issue C

Abstract: Social impact bonds (SIBs) are new financial contracts that offer private investors and service providers to fund social services. To date, there is relatively little empirical and theoretical evidence on the performance, advantages, and disadvantages of SIBs. In addition, data pertaining to completed and ongoing SIBs is comparatively sparse, the available literature is mostly thematically-driven, and public disclosure requirements are limited. Through a comprehensive and up-to-date analytical review of the extant literature in the field, we aim to reveal some of these shortcomings and discuss issues that need to be addressed if SIBs are to become a mainstream financing tool.

Keywords: Social impact bond (SIB); Bibliometric analysis; Database assessment; ESG; Financial innovation (search for similar items in EconPapers)
JEL-codes: A13 B55 C80 H41 H43 O35 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S154461232200722X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:53:y:2023:i:c:s154461232200722x

DOI: 10.1016/j.frl.2022.103546

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().