Wong, Jade; Ortman, Andreas; Motta, Alberto; Zhang, Le - School of Economics, UNSW Business School - 2013
Policy-makers world-wide have proposed a new contract – the “social impact bond” (SIB) – which they claim can allay the underperformance and underfunding afflicting not-for-profit sectors, by tying the private returns of (social) investors to the success of social programs (Bolton 2010;...