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New development: Are social impact bonds (SIBs) viable in Italy? A new roadmap

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  • Irene Bengo
  • Mario Calderini

Abstract

This paper presents a roadmap to support the development of social impact bonds (SIBs) in Italy. Current barriers and opportunities are explained. SIBs should be piloted in areas where the cultural, ideological, technical and governance barriers are low. Accurate measurement systems will be necessary and an effective governance structure needs to be agreed. With careful piloting and follow-up, the SIB model could be a solution to welfare and public service funding in Italy.

Suggested Citation

  • Irene Bengo & Mario Calderini, 2016. "New development: Are social impact bonds (SIBs) viable in Italy? A new roadmap," Public Money & Management, Taylor & Francis Journals, vol. 36(4), pages 303-306, May.
    • Handle: RePEc:taf:pubmmg:v:36:y:2016:i:4:p:303-306
    DOI: 10.1080/09540962.2016.1162999
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    References listed on IDEAS

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    1. Edward T. Jackson, 2013. "Evaluating social impact bonds: questions, challenges, innovations, and possibilities in measuring outcomes in impact investing," Community Development, Taylor & Francis Journals, vol. 44(5), pages 608-616, December.
    2. Mildred E. Warner, 2013. "Private finance for public goods: social impact bonds," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 16(4), pages 303-319, December.
    3. Albertson, Kevin & Fox, Chris & LaBarbera, Jessica & O'Leary, Chris & Painter, Gary & Bailey, Kimberly, 2018. "Payment by Results and Social Impact Bonds," University of Chicago Press Economics Books, University of Chicago Press, number 9781447340706, Febrero.
    4. Mildred E. Warner, 2013. "Private finance for public goods: social impact bonds," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 16(4), pages 303-319, December.
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    Cited by:

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    2. Irene Bengo & Leonardo Boni & Alessandro Sancino, 2022. "EU financial regulations and social impact measurement practices: A comprehensive framework on finance for sustainable development," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(4), pages 809-819, July.
    3. Arena, Marika & Bengo, Irene & Calderini, Mario & Chiodo, Veronica, 2018. "Unlocking finance for social tech start-ups: Is there a new opportunity space?," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 154-165.

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