New development: Private finance over public good? Questioning the value of impact bonds

Colin Dey and Jane Gibbon

Public Money & Management, 2018, vol. 38, issue 5, 375-378

Abstract: This article contrasts the proposed benefits of social impact bonds (SIBs) with the more mixed performance of initial projects, and reviews the early literature, revealing a similar divide between initial optimism and subsequent critique. Despite this, SIBs continue to receive high-level support, while expanding their reach through controversial new ‘development’ and ‘environmental’ impact bonds. This situation deserves more scrutiny in the accounting literature.

Date: 2018
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DOI: 10.1080/09540962.2018.1477676

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