Comparative study of social impact bonds – capital per beneficiary and scheme duration

Paweł Mikołajczak ()
Additional contact information
Paweł Mikołajczak: Poznań University of Economics and Business, Institute of Finance, Department of Money and Banking

Bank i Kredyt, 2023, vol. 54, issue 2, 191-220

Abstract: Despite numerous articles on Social Impact Bonds (SIBs), the current academic debate lacks in-depth empirical research on how countries differ in terms of the direction and level of support using SIBs. The purpose of the article is to examine whether in countries issuing SIBs the intervention objectives differ between countries in terms of the amount of capital allocated per support beneficiary and the term of repayment from the bonds. It shows that schemes classified as ‘social’ have on average higher capital allocated per beneficiary and a longer repayment date. This is confirmed for both SIBs issued worldwide and those issued in the UK and USA. The results of this study provide guidance for public policy makers on the scale of expenditure and the duration of intervention depending on objectives, which can be important both in the sustainable budget planning process and for the issue itself.

Keywords: Social Impact Bonds; bond repayment date; unit capital of bonds; social policy; scheme duration (search for similar items in EconPapers)
JEL-codes: G1 G10 G15 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://bankikredyt.nbp.pl/content/2023/02/bik_02_2023_04.pdf (application/pdf)

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:nbp:nbpbik:v:54:y:2023:i:2:p:191-220

Access Statistics for this article

More articles in Bank i Kredyt from Narodowy Bank Polski Contact information at EDIRC.
Bibliographic data for series maintained by Wojciech Burjanek ().