New Investment Approaches for Addressing Social and Economic Challenges

Wilson, Karen E.

doi:10.1787/5jz2bz8g00jj-en

Cited by 25 publications

(10 citation statements)

References 1 publication

(1 reference statement)

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“…Nevertheless, the participation of institutional investors in SIB issuances is still a marginal phenomenon. In a departure from the majority of studies (e.g., Lehner & Brandstetter, 2014; Organisation for Economic Co-operation and Development [OECD], 2016;Prentice, 2016;Wilson, 2014), we hypothesize that SIBs' contractual design plays a dominant role in determining institutional investors' participation while recognizing the importance attributed to financial features. Institutional investors may be primarily discouraged to invest in SIBs because these contracts do not provide them with the necessary risk-management tools to select projects and to monitor the service providers' activities.…”

Section: Introductionmentioning

confidence: 87%

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

Giudice

Migliavacca

2018

Nonprofit and Voluntary Sector Quarterly

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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.

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Section: Introductionmentioning

confidence: 87%

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

Giudice

Migliavacca

2018

Nonprofit and Voluntary Sector Quarterly

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“…involves a theoretical analysis of the change process of the reform. This theoretical step is often overlooked, but it can ensure that the right evaluation questions are posed and improve understanding as to why a reform has impacted in a certain way, which informs future policy decisions (White, 2013 [85])…”

Section: Regulation and Guidancementioning

confidence: 99%

Education policy evaluation

Golden

2020

OECD Education Working Papers

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EDUCATION POLICY EVALUATION-SURVEYING THE OECD LANDSCAPE Unclassified OECD EDUCATION WORKING PAPERS SERIES OECD Working Papers should not be reported as representing the official views of the OECD or of its member countries. The opinions expressed and arguments employed herein are those of the author(s). Working Papers describe preliminary results or research in progress by the author(s) and are published to stimulate discussion on a broad range of issues on which the OECD works. Comments on Working Papers are welcome, and may be sent to the Directorate for Education and Skills, OECD, 2 rue André-Pascal,

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“…The inclusiveness of wellness and recreation requires a social focus of investment. It is about social investment (Wilson, 2014, p. 7) as a new approach to private investment in projects that contribute to society. Preference is given to projects that combine social orientation and the protection factor of the recreation environment, if they are more effective compared with similar projects without the environmental component.…”

Section: Literature Reviewmentioning

confidence: 99%

A game-theoretical model for investment in inclusive recreation and wellness in Ukraine: the regional context

Petrushenko

Shevchenko

Burkynskyi

et al. 2019

Investment Management and Financial Innovations

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Investing in recreation and wellness in transitional economies requires updating an inclusive approach and adjusting national regional policies. The article aims to provide the game and theoretical decision-making modeling regarding the direction of capital investment in the development of inclusive wellness and recreation in the regions of Ukraine. Considering this, a comparative analysis of relevant indicators, above all, the self-assessment level of population health, has been conducted. The “game against nature” method allows formalizing the social and market contradictions of regional development of wellness and recreation. Using Ukraine as an example, the analysis of the payoff matrix by decision-making criteria such as the Bayes-Laplace’s criterion, the Savage’s criterion, the Wald’s criterion and the Hurwitz’s criteria, establishes the priority areas for investment: the maximum investment amount is for the middle-income regions and the minimum – for the high-income regions. However, there is a significant disparity in investment in health and recreation across regions. The situation requires a transformation of the target function: from providing social subsidies to maximizing person’s well-being in the physical, mental, social and financial aspects. In the absence of inclusive economic institutions, it is proposed to equalize the weight of the “investment in health” and “investment in recreation” factors and redistribute the total volume of capital investment in regions with relatively low solvency and population health indicators.

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New Investment Approaches for Addressing Social and Economic Challenges

Cited by 25 publications

References 1 publication

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

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

Education policy evaluation

A game-theoretical model for investment in inclusive recreation and wellness in Ukraine: the regional context

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