Abstract
Social impact bonds (SIBs) have emerged as an innovative financing mechanism. This paper explores how health SIBs align with investors’ expectations and the conditions required to attract investors. At present, health SIBs are unlikely to provide sufficient financial returns given their financial risk to attract mainstream investors, so may be better suited to investors who are prepared to accept lower financial returns blended with particular health impact returns.
Original language | English |
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Pages (from-to) | 225-236 |
Number of pages | 12 |
Journal | Public Money and Management |
Volume | 40 |
Issue number | 3 |
DOIs | |
Publication status | Published - 13 Feb 2020 |
Keywords
- Impact investment
- investment decision-making
- non-government investment
- public health expenditure
- Social Impact Bonds (SIBs)