Social Impact Bonds and Institutional Investors: An Empirical Analysis of a Complicated Relationship

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

10 Citazioni (Scopus)

Abstract

Over the past 8 years, social impact bonds (SIBs) have attracted increasing attention from scholars, policy makers, and investors. Notwithstanding good intentions and policy makers’ enthusiasm, SIBs have failed to attract significant private capital. Considering the SIBs issued worldwide until December 2017, we look for the critical success factors of SIB funding by investigating both the financial and contractual characteristics of SIB contracts. We find that institutional investors are more likely to participate in an SIB funding when there are fewer agency problems.
Lingua originaleEnglish
pagine (da-a)50-70
Numero di pagine21
RivistaNonprofit and Voluntary Sector Quarterly
DOI
Stato di pubblicazionePubblicato - 2018

Keywords

  • NPOs
  • impact investing
  • institutional investors
  • social impact bonds

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