Use of social impact bonds to address social problems: Understanding contractual risks and transaction costs
- Nonprofit Management and Leadership
- Sheela Pandey; Joseph J. Cordes; Sanjay K.
“Social impact bonds, a recent innovation in social finance, are designed to harness capital and knowledge from private nonprofit, for‐profit, and public entities to address pressing social problems. Although there is great policy interest in understanding how social impact bonds can be used to tackle…