Abstract
Social impact bonds (SIBs) have emerged as an innovative financial instrument designed to support the social service sector in delivering innovative social programs. In particular, SIBs can be used to finance prevention of homelessness among those regarded as vulnerable. There is little evidence that outcomes from SIB-funded programs are significantly different compared to more traditional programs. This is the first scoping review of academic and gray literature that explores the main features and outcomes from all SIBs for homelessness based on evidence, addressing an important gap in the literature. The scoping review provides a transparent and comprehensive approach for mapping areas of this research. A total of 73 studies and articles were found eligible for inclusion. These concerned 32 SIBs for homelessness implemented in the United Kingdom, the United States, Australia, and Belgium. The review found that academic papers on SIBs for homelessness lack evidence-based analysis, while gray literature lacks transparency, especially in evaluation method and outcome. We found that fourteen projects met their target outcomes. The common features of these SIBs were a navigator intervention model, effective partnership working, and use of Special Purpose Vehicles. Our findings show that it is necessary for the managers of SIBs to improve outcome metrics and evaluation methods, support target groups fairly, and attract more private investors to finance SIBs for better addressing homelessness.
Reference67 articles.
1. Conceptualizing an interdisciplinary collective impact approach to examine and intervene in the chronic cycle of homelessness.;Abdel-Samad;Int. J. Environ. Res. Public Health,2021
2. Homelessness and street homelessness in england: trends, causes and what works.;Aldridge;Eur. J. Homeless.,2021
3. Expanding the concept of social impact bonds.;Andersen;J. Soc. Entrepreneur.,2020
4. A responsibility to profit? Social impact bonds as a form of “humanitarian finance”.;Andreu;New Politic. Sci.,2018
5. Delineating social finance.;Andrikopoulos;Int. Rev. Financ. Anal.,2020
Cited by
1 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献
1. Sustainable finance research: Review and agenda;International Journal of Finance & Economics;2023-07-25