Record Details

Social Impact Bonds: The Next Phase of Third Sector Marketization?

Canadian Journal of Nonprofit and Social Economy Research

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Field Value
 
Title Social Impact Bonds: The Next Phase of Third Sector Marketization?
 
Creator Joy, Meghan
Shields, John
 
Subject Non-profit organizations, third sector, social impact bonds, social innovation, policy voice
 
Description The politics of austerity has pushed the third sector to the centre of attention as governments turn to non-governmental institutions to pick up the social deficits created by economic recession and the state’s retreat from social provision. Some governments have begun supporting alternative service funding through such innovations as social impact bonds (SIBs), a financial product used to encourage the upfront investment of project-oriented service delivery. This paper provides a clearer understanding of what SIBs are and traces their emergence within Canada while linking them to their cross national origins. SIBs are situated conceptually within broader contemporary developments within the non-profit sector, particularly the agenda of public sector reform and third sector marketization. The analysis focuses on the potential impact of SIBs on non-profit policy voice and capacity to represent and meet diverse community needs as it is this function that to a significant degree defines the third sector’s ability to be innovative.
 
Publisher CCSP Press, Simon Fraser University
 
Contributor —
 
Date 2013-12-17
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
research-article
 
Format application/pdf
 
Identifier http://www.anserj.ca/anser/index.php/cjnser/article/view/148
10.22230/cjnser.2013v4n2a148
 
Source Canadian journal of nonprofit and social economy research; Vol 4, No 2 (2013)
1920-9355
 
Language eng
 
Relation http://www.anserj.ca/anser/index.php/cjnser/article/view/148/94