Social impact bonds: The evolution of research and a review of the academic literature

Broccardo, Eleonora; Mazzuca, Maria; Frigotto, Maria Laura

doi:10.1002/csr.1886

Cited by 34 publications

(36 citation statements)

References 94 publications

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“…The study methodology is a literature review (Broccardo, Mazzuca, & Frigotto, 2020). It involves the classification scheme of applied research methods in CSR and ICSR by interpreting the current stage of research in the field (Boons & Lüdeke‐Freund, 2013).…”

Section: Methodsmentioning

confidence: 99%

A proposed framework for assessing the influence of internal corporate social responsibility belief on employee intention to job continuity

Sanusi

Johl

2020

Corp Soc Responsibility Env

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This study develops a comprehensive conceptual framework and propositions that integrate the concept of internal corporate social responsibility (ICSR) belief with employee intention to job continuity for solving the existing problem of employee's job turnover. A careful examination of existing literature on the construct of ICSR facilitates the necessity for the development of a research framework consisting of several research propositions. An integrated conceptual framework of ICSR belief and employee intention to job continuity was constructed based on the existing conceptualization of corporate social responsibility and ICSR. In addition, this paper proposes a quantitative research method to obtain information about ICSR belief and employee intention to job continuity. Questionnaire instrument will be used to collect data from the employee. The paper also proposes partial least square structural equation modeling for the proposed study analysis. Finally, the conceptual framework provides a logical path for future studies. Theoretically, the effect of ICSR on employee's job engagement was found inconclusive and requires further academic deliberation. In this study, a total number of six propositions were developed to provide an opportunity for informed decision-making that will enhance sustainable performance. The research framework and propositions were developed to cater for the need to improve management and employee relationship in the workplace to build a positive functional work environment that promotes valuable performance. This will also insight the global sustainable initiative pertaining to human resource management. Finally, completion of this study will have implications on local as well as the international labor development.

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Section: Methodsmentioning

confidence: 99%

A proposed framework for assessing the influence of internal corporate social responsibility belief on employee intention to job continuity

Sanusi

Johl

2020

Corp Soc Responsibility Env

View full text Add to dashboard Cite

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“…74 Furthermore, the ability to provide resources to scale up evidence-based preventive programmes is also an identified potential benefit. 74 Challenges are often cited as private investors' influence in public service provision, risk of 'gaming' or 'cream-skimming' and complexity in terms of the number of stakeholders, monitoring, designing and implementing SIBs. 67 on March 14, 2021 by guest.…”

Section: Box 2 Examples Of Social Impact Bondsmentioning

confidence: 99%

“…The academic literature on SIBs is relatively new and has a growing interest, evidenced by the increasing number of publications from 2011 to 2019. 74 According to a bibliometric analysis, only 3 individual articles appeared in 2011 while 17 appeared in the first half of 2019. 74 With regard to research design, commentaries represent almost half of the studies on SIBs in the academic literature.…”

Section: Introductionmentioning

confidence: 99%

“… 74 According to a bibliometric analysis, only 3 individual articles appeared in 2011 while 17 appeared in the first half of 2019. 74 With regard to research design, commentaries represent almost half of the studies on SIBs in the academic literature. 74 However, economic analyses, 75 76 single case studies 77 and landscape analyses 16 are also present.…”

Section: Introductionmentioning

confidence: 99%

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Use of social impact bonds in financing health systems responses to non-communicable diseases: scoping review

et al. 2021

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There is an interest to understand how social impact bonds (SIBs), a type of innovative financing instrument used in impact investment, can be used to finance the prevention of non-communicable diseases (NCDs). This is the first scoping review that explores the evidence of SIBs for NCDs and their key characteristics and performance. The review used both published and grey literature from eight databases (MEDLINE, NCBI, Elsevier, Cochrane Library, Google, Google Scholar, WHO publications and OECD iLibrary). A total of 83 studies and articles were eligible for inclusion, identifying 11 SIBs implemented in eight countries. The shared characteristics of the SIBs used for NCDs were impact investment companies as investors, local governments as outcome payers, not-for-profit service providers and an average US$2 015 456 private initial investment. The review revealed a lack of empirical evidence on SIBs for NCDs. Conflict of interest and lack of public disclosure were common issues in both the published and grey literature on SIBs. Furthermore, only three SIBs implemented for financing NCDs were meeting all their target outcomes. The common characteristics of the SIBs meeting their target outcomes were evidence-based interventions, multiple service providers and an intermediated structure. Overall, there is a need for more high-quality studies, particularly economic evaluations and qualitative studies on the benefits to target populations, and greater transparency from the private sector, in order to ensure improved SIBs for preventing NCDs.

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“…Therefore, investor return depends on the impact of the project and on the achieving outcomes [9]. The key point in the SIBs (and PbR) schemes is the outcome measurement, and, accordingly, the quality of the performance measure (see Section 2.1).…”

Section: Social Impact Bonds and Social Uncertainty: Setting The Contextmentioning

confidence: 99%

Social Uncertainty Evaluation of Social Impact Bonds: A Model and Practical Application

et al. 2020

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In the last years, Social Impact Bonds (SIBs) have gained popularity in the impact investing space. A number of scholars and practitioners are debating—in theory and practice—the opportunities, challenges and obstacles of these financial models. Amongst others, social uncertainty evaluation metrics appear as a critical factor for the future development of the SIB market. The present work aims to shed some light on this issue, by realizing a practical application of a model—which is an extension of a framework previously proposed—for social uncertainty evaluation in SIBs. In our exploratory analysis, 34 SIBs were selected for the empirical tests. We combined the Analytic Hierarchical Process (AHP) with the creation of aggregate measure, deriving by suitable indicators at the end of the tree. Our findings open new avenues for future research in the field of uncertainty factors in the SIB landscape. Finally, our results represent a basis for implementing a prediction model for social uncertainty evaluation.

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Social impact bonds: The evolution of research and a review of the academic literature

Cited by 34 publications

References 94 publications

A proposed framework for assessing the influence of internal corporate social responsibility belief on employee intention to job continuity

A proposed framework for assessing the influence of internal corporate social responsibility belief on employee intention to job continuity

Use of social impact bonds in financing health systems responses to non-communicable diseases: scoping review

Social Uncertainty Evaluation of Social Impact Bonds: A Model and Practical Application

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