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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.
Author(s): Dey C, Gibbon J
Publication type: Article
Publication status: Published
Journal: Public Money and Management
Online publication date: 01/06/2018
Acceptance date: 29/12/2017
Date deposited: 13/02/2018
ISSN (print): 0954-0962
ISSN (electronic): 1467-9302
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