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Adm. Sci. 2017, 7(3), 24; doi:10.3390/admsci7030024

Social Impact Bonds and the Perils of Aligned Interests

Institute for Nonprofit Management, WU Vienna University of Economics and Business, Vienna 1020, Austria
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Received: 1 June 2017 / Revised: 5 July 2017 / Accepted: 10 July 2017 / Published: 15 July 2017
(This article belongs to the Special Issue Nonprofit Management in Transition)
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Abstract

Social impact bonds (SIBs) have been welcomed enthusiastically as a new funding tool for social innovation, yet also condemned as an instrument that neglects beneficiaries’ and taxpayers’ interests, opening profit opportunities in the field of social politics for smart private investors. We will shed a more analytical light on SIBs, assuming that, like any contract, SIBs try to align interests between partners with partly converging, partly diverging goals. Thus, it remains mainly a matter of negation, and non-profit social service providers as well as public agencies should avoid particular perils and pitfalls. View Full-Text
Keywords: social impact bonds; financialization; commercialization social impact bonds; financialization; commercialization
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Maier, F.; Meyer, M. Social Impact Bonds and the Perils of Aligned Interests. Adm. Sci. 2017, 7, 24.

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