Is a Social Empowerment of PPP for Infrastructure Delivery Possible? Lessons from Social Impact Bonds
Journal
Annals of Public and Cooperative Economics
Type
journal article
Date Issued
2019
Author(s)
Abstract
Social Impact Bonds (SIBs) have emerged in recent years as outcome-based public-private partnerships (PPP) for the delivery of welfare services, where the payment to the private operator is linked to the achievement of superior social impact. Since the traditional infrastructure-based PPP approach seems to have failed to achieve higher level of efficiency and, above all, effectiveness, this paper discusses the extent to which the SIB model can represent a reference point to innovate the PPP model by introducing more focus on outcome achievement and social value generation.
Language
English
HSG Profile Area
SoM - Business Innovation
Refereed
Yes
Volume
90
Number
2
Start page
353
End page
369
Subject(s)
Eprints ID
263276
File(s)![Thumbnail Image]()
Name
apce.12230.pdf
Size
169.23 KB
Format
Adobe PDF
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