Payment By Results And Social Impact Bonds

Author : Albertson, Kevin,Fox, Chris
Publisher : Policy Press
Page : 146 pages
File Size : 52,6 Mb
Release : 2018-02-28
Category : Political Science
ISBN : 9781447340713

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Payment by Results and Social Impact Bonds by Albertson, Kevin,Fox, Chris Pdf

As public services budgets are cut, the ‘Payment by Results’ (or Pay for Success) model has become a popular choice in public sector commissioning. Social Impact Bonds are a variant of Payment by Results also promoted by proponents of social (or impact) investing. But how effective are these approaches? This short book asks whether the Payment by Results model is an efficient way to unlock new capital investment, help new providers to enter the ‘market’ and foster innovation, or whether the extension of ‘neoliberal’ thinking, complexity and the effects of managerialism undermine the effective delivery of social outcomes. Synthesising lessons from the UK and US for the first time, the book draws on published work in both countries together with insights from the authors’ own research and consultancy experience to offer a balanced and bipartisan overview of a field where the evidence has been weak and there are strong ideological agendas in play.

Author : Kevin Albertson,Chris Fox
Publisher : Unknown
Page : 128 pages
File Size : 51,7 Mb
Release : 2017
Category : Municipal services
ISBN : 1447340736

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Payment by Results and Social Impact Bonds by Kevin Albertson,Chris Fox Pdf

Author : Kevin Albertson,Chris Fox
Publisher : Unknown
Page : 128 pages
File Size : 48,7 Mb
Release : 2018
Category : Municipal services
ISBN : 1447340744

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Payment by Results and Social Impact Bonds by Kevin Albertson,Chris Fox Pdf

As public services budgets are cut, the 'Payment by Results' (or Pay for Success) model has become a popular choice in public sector commissioning. Social Impact Bonds are a variant of Payment by Results also promoted by proponents of social (or impact) investing. But how effective are these approaches? This short book asks whether the Payment by Results model is an efficient way to unlock new capital investment, help new providers to enter the 'market' and foster innovation, or whether the extension of 'neoliberal' thinking, complexity and the effects of managerialism undermine the effective delivery of social outcomes.

Author : Albertson, Kevin,Fox, Chris,Chris O'Leary
Publisher : Policy Press
Page : 144 pages
File Size : 47,5 Mb
Release : 2018-02-28
Category : Business & Economics
ISBN : 9781447340706

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Payment by Results and Social Impact Bonds by Albertson, Kevin,Fox, Chris,Chris O'Leary Pdf

As austerity measures have led to greater struggles over limited governmental funding, there has in recent years been increasing interest in Payment by Results, or Payment for Success, as a model for commissioning social services. A Social Impact Bond, or Pay for Success Bond, is a type of social service contract where the financing is provided by private entities, with the idea that this will unlock new capital investment and advance social good by limiting funding to projects that are needed and likely to succeed. This book looks at that assumption and evaluates the relatively limited current research on the effectiveness of the approach, making the case that more study is needed if investment of this sort is going to continue to grow.

Author : Monica Holt
Publisher : Nova Science Publishers
Page : 0 pages
File Size : 47,5 Mb
Release : 2016
Category : Finance
ISBN : 163484758X

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Pay for Success Projects by Monica Holt Pdf

Pay for Success (PFS), also known as Social Impact Bonds, is a new contracting mechanism to fund prevention programs, where investors provide capital to implement a social service -- for example, to reduce recidivism by former prisoners. If the service provider achieves agreed upon outcomes, the government pays the investor, usually with a rate of return, based on savings from decreased use of more costly remedial services, such as incarceration. Federal, state, and local agencies play an important role in improving social outcomes for society's most vulnerable populations. A small number of state, local, and foreign governments are employing PFS to fund efforts designed to better serve these vulnerable populations. This book examines how selected PFS projects have been structured and what potential benefits these projects can provide; how selected PFS contracts have been structured to address potential project risks; and the potential roles for the federal government's involvement in PFS projects. This book also provides an overview of the first State-led Pay for Success and Social Impact "Bond" (SIB) project in the nation; examines some of the arguments for and against The Payment by Results (PbR) approach to delivery of public services; and looks at current and planned projects in rehabilitation, welfare to work, the NHS, children's social services and with rough sleepers and with vulnerable young people.

Author : Mario La Torre,Mario Calderini
Publisher : Palgrave Macmillan
Page : 0 pages
File Size : 50,7 Mb
Release : 2018-08-02
Category : Business & Economics
ISBN : 3319783211

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Social Impact Investing Beyond the SIB by Mario La Torre,Mario Calderini Pdf

This book provides a preliminary attempt to understand the impact investors’ preferences and characteristics. It offers an empirical insight of the main features characterizing social risk of Social Impact Bonds (SIBs) and explores the correlation existing between social risk and financial return. It assesses case studies of social impact investment architectures and their legal and operational limits. It also analyzes new trends in social impact measurement, focusing on the Spanish and Swedish experiences. The book concludes with a road map of priorities and policy strategy for social impact investments development.

Author : Mario La Torre,Mario Calderini
Publisher : Springer
Page : 225 pages
File Size : 46,5 Mb
Release : 2018-07-18
Category : Business & Economics
ISBN : 9783319783222

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Social Impact Investing Beyond the SIB by Mario La Torre,Mario Calderini Pdf

This book provides a preliminary attempt to understand the impact investors’ preferences and characteristics. It offers an empirical insight of the main features characterizing social risk of Social Impact Bonds (SIBs) and explores the correlation existing between social risk and financial return. It assesses case studies of social impact investment architectures and their legal and operational limits. It also analyzes new trends in social impact measurement, focusing on the Spanish and Swedish experiences. The book concludes with a road map of priorities and policy strategy for social impact investments development.

Author : Chartered Institute of Public Finance and Accountancy,Sarah Williams,Chartered Institute of Public Finance and Accountancy Staff
Publisher : Unknown
Page : 70 pages
File Size : 55,7 Mb
Release : 2013-10
Category : Accounting
ISBN : 1845083490

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Accounting for Payment by Results Schemes, Including Social Impact Bonds by Chartered Institute of Public Finance and Accountancy,Sarah Williams,Chartered Institute of Public Finance and Accountancy Staff Pdf

Author : Nancy Birdsall,William D. Savedoff,Ayah Mahgoub,Katherine Vyborny
Publisher : CGD Books
Page : 156 pages
File Size : 52,8 Mb
Release : 2012-07-30
Category : Business & Economics
ISBN : 9781933286617

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Cash on Delivery by Nancy Birdsall,William D. Savedoff,Ayah Mahgoub,Katherine Vyborny Pdf

Foreign aid has no shortage of critics. Some argue that it undermines development and inherently does more harm than good; others insist that aid must be seriously reformed to work properly. Cash on Delivery (COD) Aid proposes serious reform to make aid work well by forcing accountability, aligning the objectives of funders and recipients, and sharing information about what works. Public and private aid can improve lives in poor countries, but the willingness of taxpayers and private funders to finance aid programs depends more than ever on showing results. COD Aid is a funding mechanism that hinges on results. At its core is a contract between funders and recipients that stipulates a fixed payment for each unit of confirmed progress toward an agreed-upon goal. Once the contract is struck, the funder takes a hands-off approach, allowing the recipient the freedom and responsibility to achieve the goal on its own. Payment is made only after progress toward the goal is independently verified by a third party. At all steps, a COD Aid program is remarkably transparent: the contract, the amount of progress made, and the payment are disseminated publicly to highlight the credibility of the arrangement and improve accountability to the public. COD Aid is a new approach to foreign aid, but one that complements other aid programs and would ultimately encourage funders and recipients to use existing resources more efficiently. Cash On Delivery Aid: A New Approach to Foreign Aid explains the approach in detail and investigates its application in one sector: education. More specifically, the authors show how foreign aid agencies could use COD Aid to help developing countries achieve universal primary school education. The example illustrates how to deal with potential challenges of the approach—challenges that are no greater than those of traditional aid—and includes model term sheets for contracts that could be used for any COD Aid agreement.

Author : Carmen Păunescu,Katri-Liis Lepik,Nicholas Spencer
Publisher : Springer Nature
Page : 316 pages
File Size : 53,9 Mb
Release : 2022-01-01
Category : Business & Economics
ISBN : 9783030840440

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Social Innovation in Higher Education by Carmen Păunescu,Katri-Liis Lepik,Nicholas Spencer Pdf

This open access book offers unique and novel views on the social innovation landscape, tools, practices, pedagogies, and research in the context of higher education. International, multi-disciplinary academics and industry leaders present new developments, research evidence, and practice expertise on social innovation in higher education institutions (HEIs), across academic and professional disciplines. The book includes a selected set of peer-reviewed chapters presenting different perspectives against which relevant actors can identify and analyse social innovation in HEIs. The volume demonstrates how HEIs can respond to societal challenges, support positive social change, and contribute to the development of international public policy discourse. It answers the question ‘how does the present higher education system, in different countries, promote social innovation and create social change and impact’. In answering this question, the book identifies factors driving success as well as obstacles. Furthermore, it examines how higher education innovation assists societal challenges and investigates the benefits of effective social innovation engagement by HEIs. The interdisciplinary approach of the volume makes it a must-read for scholars, students, policy-makers, and practitioners of economics, education, business and management, political science, and sociology interested in a better understanding of social innovation.

Author : Elsa De Morais Sarmento,R. Paul Herman
Publisher : John Wiley & Sons
Page : 1331 pages
File Size : 54,7 Mb
Release : 2020-12-30
Category : Business & Economics
ISBN : 9781119690641

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Global Handbook of Impact Investing by Elsa De Morais Sarmento,R. Paul Herman Pdf

Discover how to invest your capital to achieve a powerful, lasting impact on the world. The Global Handbook of Impact Investing: Solving Global Problems Via Smarter Capital Markets Towards A More Sustainable Society is an insightful guide to the growing world-wide movement of Impact Investing. Impact investors seek to realize lasting, beneficial improvements in society by allocating capital to sources of impactful and sustainable profit. This Handbook is a how-to guide for institutional investors, including family offices, foundations, endowments, governments, and international organizations, as well as academics, students, and everyday investors globally. The Handbook´s wide-ranging contributions from around the world make a powerful case for positive impact and profit to fund substantive, lasting solutions that solve critical problems across the world. Edited by two experienced and distinguished professionals in the sustainable investing arena and authored by two dozen renowned experts from finance, academia, and multilateral organizations from around the world, the Global Handbook of Impact Investing educates, inspires, and spurs action towards more responsible investing across all asset classes, resulting in smarter capital markets, including how to: · Realize positive impact and profit · Integrate impact into investment decision-making and portfolio · Allocate impactful investments across all asset classes · Apply unique Impact Investing frameworks · Measure, evaluate and report on impact · Learn from case examples around the globe · Pursue Best Practices in Impact Investing and impact reporting While other resources may take a local or limited approach to the subject, this Handbook gathers global knowledge and results from public and private institutions spanning five continents. The authors also make a powerful case for the ability of Impact Investing to lead to substantive and lasting change that addresses critical problems across the world.

Author : R. Pablo Guerrero O.
Publisher : Routledge
Page : 179 pages
File Size : 44,8 Mb
Release : 2017-07-05
Category : Social Science
ISBN : 9781351521888

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Doing Public Good? by R. Pablo Guerrero O. Pdf

This book examines the contributions of non-public organizations, such as foundations, philanthropies, charities, non-governmental organizations, private businesses, and entrepreneurs to public goods and services. Too often the impact of the contributions of such private actors are overlooked. However, they are playing an increasing role in meeting societal needs across the developing world.Doing Public Good? lays out key elements that need to be considered in evaluating the net results achieved by these private actors. It uses case studies and analysis to show how to answer such questions as: Is it working? How do they and the public know they are doing good? And how to improve? Such questions are particularly important since little is known about the net results of private avenues for delivering public value.The contributors conclude that "doing good" organizations need to be more transparent and accountable regarding their operations and achievements. The book suggests perspectives on how better monitoring and evaluation systems can improve their accountability.

Author : Neil McHugh,Olga Biosca,Cam Donaldson
Publisher : Taylor & Francis
Page : 99 pages
File Size : 52,5 Mb
Release : 2023-09-21
Category : Business & Economics
ISBN : 9781000958010

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Social Finance and Health by Neil McHugh,Olga Biosca,Cam Donaldson Pdf

Health systems across the world face multiple pressures. Input costs are soaring, systems are struggling to keep up with increasing demand for their services and areas of the world still lack universal health coverage. All of this whilst health inequalities between the best and worst-off within countries persist and, in some countries, are even widening. There is a need to think of new initiatives in response to these global health challenges. One such response is social finance. Social finance is about creating social returns. This innovative and rapidly growing sector promotes new ways of banking and funding social and public services. However, social finance has an under-recognised, and potentially underexploited, role in responding to specific aspects of global health challenges: funding and facilitating access to health(care) services and acting on health. The objectives of this book are to conceptualise and evidence different forms of social finance - microfinance and impact bonds - acting in these ways and to critically engage with current debates and challenges. With such evidence to hand, we can either avoid adoption of new trends in financing public services or, more hopefully, attract greater policy support and resources for new tools for public health and in supporting more precarious, but potentially essential, parts of the finance sector. This book will be essential reading to students, researchers, policymakers and the general public alike who are interested in, or who work in, and across, health systems and social finance.

Author : Alex Nicholls,Rafael Ziegler
Publisher : Oxford University Press
Page : 490 pages
File Size : 49,8 Mb
Release : 2019-12-12
Category : Business & Economics
ISBN : 9780192566256

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Creating Economic Space for Social Innovation by Alex Nicholls,Rafael Ziegler Pdf

This book draws upon economic and sociological theory to provide a comprehensive discussion of economic space for social innovation, addressing especially marginalized groups and the long-term projects, programmes, and policies that have emerged and evolved within and across European states. It approaches the explanatory and normative questions raised by this topic via a novel approach: the Extended Social Grid Model (ESGM). Taking inspiration from the fields of economic sociology and ethics, this model shows that social innovation processes must be structural, and require change in power relations, if marginalization is to be effectively dealt with via social innovation. Part I of the book sets out the ESGM, including an exposition on the model along with background chapters on innovation, power and marginalization, ethics and social innovation, and empirical methods. Part II explores the model with a focus on social innovation trajectories of social housing, drinking water provision, employment, education, and food provision. It also explores the operationalization of the model with a view to agency and empowerment, as well as social innovation policy in Europe and the use of social impact bonds as a tool for financing social innovation. Part III revisits the ESGM and considers the explanatory adequacy and fruitfulness of the model for innovation research and for theorizing social innovation, addressing questions on the role and limitations of participation in social innovation for the marginalized, the role of capital for creating economic space for capabilities, and how we can approach the social impact of social innovation. This collection of essays presents a diverse range of perspectives on understanding and addressing the key issue of marginalization, and offers key recommendations for policy makers engaging with social innovation across the European Union and beyond.

Author : Stephen Schneider
Publisher : CRC Press
Page : 524 pages
File Size : 43,9 Mb
Release : 2014-12-16
Category : Computers
ISBN : 9781498721974

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Crime Prevention by Stephen Schneider Pdf

In Crime Prevention: Theory and Practice, Second Edition, Dr. Schneider has updated every chapter in this reliable text using the latest research, the most recently published articles and books, and feedback from professors and students using the first edition. Providing an introduction to dominant approaches, key concepts, theories, and research,