Millner, Reinhard, Meyer, Michael. 2021. Collaborative governance in Social Impact Bonds: aligning interests within divergent accountabilities? Public Management Review. 1-23.

RIS

@ARTICLE{Millner2021,
title = {Collaborative governance in Social Impact Bonds: aligning interests within divergent accountabilities?},
author = {Reinhard Millner and Michael Meyer},
year = {2021},
doi = {http://dx.doi.org/10.1080/14719037.2021.2000253},
url = {https://www.tandfonline.com/doi/pdf/10.1080/14719037.2021.2000253?needAccess=true},
language = {EN},
pages = {1-23},
journal = {Public Management Review},
abstract = {Social Impact Bonds (SIBs) are a novel form of cross-sector collaborations and an alternative way of financing innovative social services. Based on an in-depth longitudinal case analysis and drawing from agency theory as well as resource dependence theory, we examine the process of interest alignment among involved partners over the lifespan of a SIB pilot project in Austria. Our study shows the multitude of problems and costs that such a challenging arrangement of multiple stakeholders brings along, thus dampening overoptimistic expectations in SIBs. We also suggest an analytical framework that improves the assessment of SIBs’ probability of success.},
}