Next Article in Journal
Why Do Czech Customers Come to Upper Palatinate? Motives, Sales Volume, and the Importance of Distance: A Case Study of Shopping in Bavaria
Next Article in Special Issue
Sustainable Financial Partnerships for the SDGs: The Case of Social Impact Bonds
Previous Article in Journal
Analysis of Façade Color and Cost to Improve Visual Integration of Buildings in the Rural Environment
Previous Article in Special Issue
Financing the Sustainable Development Goals
Article

Social Uncertainty Evaluation of Social Impact Bonds: A Model and Practical Application

1
Department of Law, Economics and Sociology, University Magna Graecia of Catanzaro, Campus Germaneto, Viale Europa, 88100 Catanzaro, Italy
2
Department of Economics and Business, University of Cagliari, Viale S. Ignazio 17, 09125 Cagliari, Italy
*
Author to whom correspondence should be addressed.
Sustainability 2020, 12(9), 3854; https://doi.org/10.3390/su12093854
Received: 9 February 2020 / Revised: 14 April 2020 / Accepted: 16 April 2020 / Published: 8 May 2020
In the last years, Social Impact Bonds (SIBs) have gained popularity in the impact investing space. A number of scholars and practitioners are debating—in theory and practice—the opportunities, challenges and obstacles of these financial models. Amongst others, social uncertainty evaluation metrics appear as a critical factor for the future development of the SIB market. The present work aims to shed some light on this issue, by realizing a practical application of a model—which is an extension of a framework previously proposed—for social uncertainty evaluation in SIBs. In our exploratory analysis, 34 SIBs were selected for the empirical tests. We combined the Analytic Hierarchical Process (AHP) with the creation of aggregate measure, deriving by suitable indicators at the end of the tree. Our findings open new avenues for future research in the field of uncertainty factors in the SIB landscape. Finally, our results represent a basis for implementing a prediction model for social uncertainty evaluation. View Full-Text
Keywords: social impact bonds; impact investing; social uncertainty; decision-making under uncertainty; analytic hierarchy process social impact bonds; impact investing; social uncertainty; decision-making under uncertainty; analytic hierarchy process
Show Figures

Figure 1

MDPI and ACS Style

Rania, F.; Trotta, A.; Carè, R.; Migliazza, M.C.; Kabli, A. Social Uncertainty Evaluation of Social Impact Bonds: A Model and Practical Application. Sustainability 2020, 12, 3854. https://doi.org/10.3390/su12093854

AMA Style

Rania F, Trotta A, Carè R, Migliazza MC, Kabli A. Social Uncertainty Evaluation of Social Impact Bonds: A Model and Practical Application. Sustainability. 2020; 12(9):3854. https://doi.org/10.3390/su12093854

Chicago/Turabian Style

Rania, Francesco, Annarita Trotta, Rosella Carè, Maria C. Migliazza, and Abdellah Kabli. 2020. "Social Uncertainty Evaluation of Social Impact Bonds: A Model and Practical Application" Sustainability 12, no. 9: 3854. https://doi.org/10.3390/su12093854

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop