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New Development: From Social Impact Bonds to Impact Bonds: an outcomes-based framework

Author

Listed:
  • V. Buffa
  • M. Tira
  • B. Le Pendeven

    (Audencia Business School)

Abstract

Since their emergence in 2010, Impact Bonds (IBs) have witnessed a significant diversification, with a relative correspondence to the prototypical model. By acknowledging that Impact Bonds have stretched from the original model in practice, this article aims to propose a framework to classify them according to the nature of the outcome pursued by the intervention. Thus, we contribute by expanding the concept of cost-saving and by proposing three types of IB categories through analytically linking outcomes to quantifiable gains.

Suggested Citation

  • V. Buffa & M. Tira & B. Le Pendeven, 2024. "New Development: From Social Impact Bonds to Impact Bonds: an outcomes-based framework," Post-Print hal-04812220, HAL.
    • Handle: RePEc:hal:journl:hal-04812220
    DOI: 10.1080/09540962.2023.2206047
    Note: View the original document on HAL open archive server: https://hal.science/hal-04812220v1
    as

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