Payment By Results And Social Impact Bonds
DOWNLOAD
Download Payment By Results And Social Impact Bonds PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Payment By Results And Social Impact Bonds book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Payment By Results And Social Impact Bonds
DOWNLOAD
Author : Albertson, Kevin
language : en
Publisher: Policy Press
Release Date : 2018-02-28
Payment By Results And Social Impact Bonds written by Albertson, Kevin and has been published by Policy Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-28 with Political Science categories.
As public services budgets are cut, the ‘Payment by Results’ (or Pay for Success) model has become a popular choice in public sector commissioning. Social Impact Bonds are a variant of Payment by Results also promoted by proponents of social (or impact) investing. But how effective are these approaches? This short book asks whether the Payment by Results model is an efficient way to unlock new capital investment, help new providers to enter the ‘market’ and foster innovation, or whether the extension of ‘neoliberal’ thinking, complexity and the effects of managerialism undermine the effective delivery of social outcomes. Synthesising lessons from the UK and US for the first time, the book draws on published work in both countries together with insights from the authors’ own research and consultancy experience to offer a balanced and bipartisan overview of a field where the evidence has been weak and there are strong ideological agendas in play.
Payment By Results And Social Impact Bonds
DOWNLOAD
Author : Kevin Albertson
language : en
Publisher:
Release Date : 2017
Payment By Results And Social Impact Bonds written by Kevin Albertson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Municipal services categories.
Payment By Results And Social Impact Bonds
DOWNLOAD
Author : Kevin Albertson
language : en
Publisher:
Release Date : 2018
Payment By Results And Social Impact Bonds written by Kevin Albertson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Municipal services categories.
As public services budgets are cut, the 'Payment by Results' (or Pay for Success) model has become a popular choice in public sector commissioning. Social Impact Bonds are a variant of Payment by Results also promoted by proponents of social (or impact) investing. But how effective are these approaches? This short book asks whether the Payment by Results model is an efficient way to unlock new capital investment, help new providers to enter the 'market' and foster innovation, or whether the extension of 'neoliberal' thinking, complexity and the effects of managerialism undermine the effective delivery of social outcomes.
Social Impact Investing Beyond The Sib
DOWNLOAD
Author : Mario La Torre
language : en
Publisher: Springer
Release Date : 2018-07-18
Social Impact Investing Beyond The Sib written by Mario La Torre and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-18 with Business & Economics categories.
This book provides a preliminary attempt to understand the impact investors’ preferences and characteristics. It offers an empirical insight of the main features characterizing social risk of Social Impact Bonds (SIBs) and explores the correlation existing between social risk and financial return. It assesses case studies of social impact investment architectures and their legal and operational limits. It also analyzes new trends in social impact measurement, focusing on the Spanish and Swedish experiences. The book concludes with a road map of priorities and policy strategy for social impact investments development.
Pay For Success Projects
DOWNLOAD
Author : Monica Holt
language : en
Publisher: Nova Science Publishers
Release Date : 2016
Pay For Success Projects written by Monica Holt and has been published by Nova Science Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Finance categories.
Pay for Success (PFS), also known as Social Impact Bonds, is a new contracting mechanism to fund prevention programs, where investors provide capital to implement a social service -- for example, to reduce recidivism by former prisoners. If the service provider achieves agreed upon outcomes, the government pays the investor, usually with a rate of return, based on savings from decreased use of more costly remedial services, such as incarceration. Federal, state, and local agencies play an important role in improving social outcomes for society's most vulnerable populations. A small number of state, local, and foreign governments are employing PFS to fund efforts designed to better serve these vulnerable populations. This book examines how selected PFS projects have been structured and what potential benefits these projects can provide; how selected PFS contracts have been structured to address potential project risks; and the potential roles for the federal government's involvement in PFS projects. This book also provides an overview of the first State-led Pay for Success and Social Impact "Bond" (SIB) project in the nation; examines some of the arguments for and against The Payment by Results (PbR) approach to delivery of public services; and looks at current and planned projects in rehabilitation, welfare to work, the NHS, children's social services and with rough sleepers and with vulnerable young people.
Accounting For Payment By Results Schemes Including Social Impact Bonds
DOWNLOAD
Author : Chartered Institute of Public Finance and Accountancy
language : en
Publisher:
Release Date : 2013-10
Accounting For Payment By Results Schemes Including Social Impact Bonds written by Chartered Institute of Public Finance and Accountancy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10 with Accounting categories.
Asset Pricing Of Social Impact Bonds
DOWNLOAD
Author : Philippe König
language : en
Publisher:
Release Date : 2014
Asset Pricing Of Social Impact Bonds written by Philippe König and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Social Impact Bonds (SIB) are the only investments to offer a financial return while investing in an financial vehicle that achieves a positive social impact. Currently 10 SIBs are operational, which are mostly targeting the reduction of the reoffending rate of former prisoners or are trying to help children in residential care. No final performance data is available for those SIBs at this point of time and information about payment models is not publicly accessible. The Peterborough SIB presents an exception by having interim results available and giving more insight in the payment structure. Therefore, this paper simulated different possible outcomes of the Peterborough SIB and calculated the corresponding yield to maturity, which were then used in the Capital Asset Pricing Model. Approximately 50% of all simulated outcomes were unsuccessful and would therefore result in a total loss. Moreover, it was concluded that investors require an 8% return in order to be compensated for the risk associated with the Peterborough SIB.
Social Innovation In Higher Education
DOWNLOAD
Author : Carmen Păunescu
language : en
Publisher: Springer Nature
Release Date : 2022-01-01
Social Innovation In Higher Education written by Carmen Păunescu and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-01 with Business & Economics categories.
This open access book offers unique and novel views on the social innovation landscape, tools, practices, pedagogies, and research in the context of higher education. International, multi-disciplinary academics and industry leaders present new developments, research evidence, and practice expertise on social innovation in higher education institutions (HEIs), across academic and professional disciplines. The book includes a selected set of peer-reviewed chapters presenting different perspectives against which relevant actors can identify and analyse social innovation in HEIs. The volume demonstrates how HEIs can respond to societal challenges, support positive social change, and contribute to the development of international public policy discourse. It answers the question ‘how does the present higher education system, in different countries, promote social innovation and create social change and impact’. In answering this question, the book identifies factors driving success as well as obstacles. Furthermore, it examines how higher education innovation assists societal challenges and investigates the benefits of effective social innovation engagement by HEIs. The interdisciplinary approach of the volume makes it a must-read for scholars, students, policy-makers, and practitioners of economics, education, business and management, political science, and sociology interested in a better understanding of social innovation.
Esg And Responsible Institutional Investing Around The World A Critical Review
DOWNLOAD
Author : Pedro Matos
language : en
Publisher: CFA Institute Research Foundation
Release Date : 2020-05-29
Esg And Responsible Institutional Investing Around The World A Critical Review written by Pedro Matos and has been published by CFA Institute Research Foundation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-29 with Business & Economics categories.
This survey examines the vibrant academic literature on environmental, social, and governance (ESG) investing. While there is no consensus on the exact list of ESG issues, responsible investors increasingly assess stocks in their portfolios based on nonfinancial data on environmental impact (e.g., carbon emissions), social impact (e.g., employee satisfaction), and governance attributes (e.g., board structure). The objective is to reduce exposure to investments that pose greater ESG risks or to influence companies to become more sustainable. One active area of research at present involves assessing portfolio risk exposure to climate change. This literature review focuses on institutional investors, which have grown in importance such that they have now become the largest holders of shares in public companies globally. Historically, institutional investors tended to concentrate their ESG efforts mostly on corporate governance (the “G” in ESG). These efforts included seeking to eliminate provisions that restrict shareholder rights and enhance managerial power, such as staggered boards, supermajority rules, golden parachutes, and poison pills. Highlights from this section: · There is no consensus on the exact list of ESG issues and their materiality. · The ESG issue that gets the most attention from institutional investors is climate change, in particular their portfolio companies’ exposure to carbon risk and “stranded assets.” · Investors should be positioning themselves for increased regulation, with the regulatory agenda being more ambitious in the European Union than in the United States. Readers might come away from this survey skeptical about the potential for ESG investing to affect positive change. I prefer to characterize the current state of the literature as having a “healthy dose of skepticism,” with much more remaining to be explored. Here, I hope the reader comes away with a call to action. For the industry practitioner, I believe that the investment industry should strive to achieve positive societal goals. CFA Institute provides an exemplary case in its Future of Finance series (www.cfainstitute.org/research/future-finance). For the academic community, I suggest we ramp up research aimed at tackling some of the open questions around the pressing societal goals of ESG investing. I am optimistic that practitioners and academics will identify meaningful ways to better harness the power of global financial markets for addressing the pressing ESG issues facing our society.
Cash On Delivery
DOWNLOAD
Author : Nancy Birdsall
language : en
Publisher: CGD Books
Release Date : 2012-07-30
Cash On Delivery written by Nancy Birdsall and has been published by CGD Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-07-30 with Business & Economics categories.
Foreign aid has no shortage of critics. Some argue that it undermines development and inherently does more harm than good; others insist that aid must be seriously reformed to work properly. Cash on Delivery (COD) Aid proposes serious reform to make aid work well by forcing accountability, aligning the objectives of funders and recipients, and sharing information about what works. Public and private aid can improve lives in poor countries, but the willingness of taxpayers and private funders to finance aid programs depends more than ever on showing results. COD Aid is a funding mechanism that hinges on results. At its core is a contract between funders and recipients that stipulates a fixed payment for each unit of confirmed progress toward an agreed-upon goal. Once the contract is struck, the funder takes a hands-off approach, allowing the recipient the freedom and responsibility to achieve the goal on its own. Payment is made only after progress toward the goal is independently verified by a third party. At all steps, a COD Aid program is remarkably transparent: the contract, the amount of progress made, and the payment are disseminated publicly to highlight the credibility of the arrangement and improve accountability to the public. COD Aid is a new approach to foreign aid, but one that complements other aid programs and would ultimately encourage funders and recipients to use existing resources more efficiently. Cash On Delivery Aid: A New Approach to Foreign Aid explains the approach in detail and investigates its application in one sector: education. More specifically, the authors show how foreign aid agencies could use COD Aid to help developing countries achieve universal primary school education. The example illustrates how to deal with potential challenges of the approach—challenges that are no greater than those of traditional aid—and includes model term sheets for contracts that could be used for any COD Aid agreement.