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


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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.

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Publication'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)
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