Toggle Main Menu Toggle Search

Open Access padlockePrints

New Development: Private finance over public good? Questioning the impact of social and environmental impact bonds

Lookup NU author(s): Dr Jane Gibbon



This is the authors' accepted manuscript of an article that has been published in its final definitive form by Routledge, 2018.

For re-use rights please refer to the publisher's terms and conditions.


Social impact bonds (SIBs) have emerged as an alternative mechanism for financing projects with an explicit social purpose. This article contrasts the proposed benefits of SIBs with the more mixed performance of early projects, and reviews the nascent literature, revealing a similar divide between initial optimism and subsequent critique. Despite this, SIBs continue to receive support, whilst expanding further through controversial new ‘development’ and ‘environmental’ impact bonds. This situation deserves much greater scrutiny, especially in the accounting literature.

Publication metadata

Author(s): Dey C, Gibbon J

Publication type: Article

Publication status: Published

Journal: Public Money and Management

Year: 2018

Volume: 38

Issue: 5

Pages: 375-378

Online publication date: 01/06/2018

Acceptance date: 29/12/2017

Date deposited: 13/02/2018

ISSN (print): 0954-0962

ISSN (electronic): 1467-9302

Publisher: Routledge


DOI: 10.1080/09540962.2018.1477676


Altmetrics provided by Altmetric