The paper aims to enrich the academic debate on social impact investing, through a formalization of Development Impact Bonds (DIBs)’ structure. With this purpose, the research adopts an inductive approach and presents a case study analysis of the world’s first successful DIB in education, Educate Girls Development Impact Bond. The analysis fosters the role of DIBs as tools to provide funds to nonprofit organizations operating in developing countries, by reducing agency problems between investors and social services providers, and by mitigating goal displacement effects.
Development impact bonds to overcome investors-services providers' agency problems. Insights from a case study analysis / Gallucci, Carmen; Santulli, Rosalia; Tipaldi, Riccardo. - In: AFRICAN JOURNAL OF BUSINESS MANAGEMENT. - ISSN 1993-8233. - 13:13(2019), pp. 415-427. [10.5897/AJBM2019.8817]
Development impact bonds to overcome investors-services providers' agency problems. Insights from a case study analysis
Riccardo TipaldiUltimo
2019
Abstract
The paper aims to enrich the academic debate on social impact investing, through a formalization of Development Impact Bonds (DIBs)’ structure. With this purpose, the research adopts an inductive approach and presents a case study analysis of the world’s first successful DIB in education, Educate Girls Development Impact Bond. The analysis fosters the role of DIBs as tools to provide funds to nonprofit organizations operating in developing countries, by reducing agency problems between investors and social services providers, and by mitigating goal displacement effects.| File | Dimensione | Formato | |
|---|---|---|---|
|
Tipaldi_Development_2019.pdf
accesso aperto
Tipologia:
Versione editoriale (versione pubblicata con il layout dell'editore)
Licenza:
Creative commons
Dimensione
685.36 kB
Formato
Adobe PDF
|
685.36 kB | Adobe PDF |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
