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Social uncertainty evaluation in Social Impact Bonds: Review and framework

Elisabetta Scognamiglio, Emilia Di Lorenzo, Marilena Sibillo and Annarita Trotta

Research in International Business and Finance, 2019, vol. 47, issue C, 40-56

Abstract: This paper aims at implementing a framework able to support the evaluation of an Social Impact Bond (SIB), integrating a financial evaluation with a social evaluation and starting from a measurement of the social uncertainty linked to an SIB programme. Following a literature review that identifies several different facets related to the definitions of social uncertainty, a quantitative scoring system to conceptualize social uncertainty in SIBs was developed using the Serrano-Cinca methodology. The first results encourage further research and propose suggestions and implications for scholars and practitioners

Keywords: Social risk; Social impact; Investment; Social impact; Bond; Impact evaluation (search for similar items in EconPapers)
JEL-codes: G00 (search for similar items in EconPapers)
Date: 2019
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Handle: RePEc:eee:riibaf:v:47:y:2019:i:c:p:40-56