Millner, Reinhard, Meyer, Michael. 2021. Collaborative governance in Social Impact Bonds: aligning interests within divergent accountabilities? Public Management Review. 1-23.
BibTeX
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.
Tags
Press 'enter' for creating the tagPublication's profile
Status of publication | Published |
---|---|
Affiliation | WU |
Type of publication | Journal article |
Journal | Public Management Review |
Citation Index | SSCI |
WU-Journal-Rating new | INF-A, MAN-A, STRAT-B, WH-B |
Language | English |
Title | Collaborative governance in Social Impact Bonds: aligning interests within divergent accountabilities? |
Year | 2021 |
Page from | 1 |
Page to | 23 |
Reviewed? | Y |
URL | https://www.tandfonline.com/doi/pdf/10.1080/14719037.2021.2000253?needAccess=true |
DOI | http://dx.doi.org/10.1080/14719037.2021.2000253 |
Open Access | Y |
Open Access Link | https://www.tandfonline.com/doi/full/10.1080/14719037.2021.2000253 |
Associations
- People
- Millner, Reinhard (Details)
- Meyer, Michael (Details)
- Organization
- Institute for Nonprofit Management IN (Details)
- Competence Center for Nonprofit Organizations and Social Entrepreneurship WE (Details)
- Research areas (ÖSTAT Classification 'Statistik Austria')
- 5324 Organizational research (Details)
- 5363 Non-profit-sector research (NPO, NPI) (Details)
- 5405 Empirical social research (Details)