The challenge of Social Impact Bond: the state of the art of the Italian context

Authors

  • Luigi Corvo University of Rome Tor Vergata, Department of Management and Law, Government and Civil Society Research Group
  • Lavinia Pastore University of Rome Tor Vergata, Department of Management and Law, Government and Civil Society Research Group https://orcid.org/0000-0003-0510-694X

DOI:

https://doi.org/10.13135/2421-2172/3038

Keywords:

, Social Impact Bond, PA, Italian context, Social Finance

Abstract

This paper aims to investigate Social Impact Bond (SIB), as a specific social finance tool able to involve various stakeholder groups in generating social value. The theoretical framework is the study of the outcome-based commissiong models of Anglo-Saxon origin and rapidly spread throughout Europe.

The research question concerns the main opportunities and challenges posed by the SIBs in the perspective of Italian public decision-makers. The results of the research consist in clustering of the various roles that the PA can assume in an SIB and in the analysis of the strengths and weaknesses of the Italian context with respect to the development of this tool.

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Published

2019-02-15

How to Cite

Corvo, L., & Pastore, L. (2019). The challenge of Social Impact Bond: the state of the art of the Italian context. European Journal of Islamic Finance. https://doi.org/10.13135/2421-2172/3038

Issue

Special Issue Islamic and Social Finance: Comparing Policies and Solutions for Funding Public Infrastructures and Social Services at Global Level

Section

Peer-reviewed Articles

License

Authors keep the copyrights for their work and give the journal the work's first publication copyright, which is at the same time licensed under a Creative Commons License – Attribution, which in turn allows other parties to share the work with an acknowledgement of the work's authorship and initial publication in this journal.

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