Profiting from Public Value? The Case of Social Impact Bonds

Introduction Cross-sectoral collaboration and coordination is increasingly seen as a solution to the most pressing social problems facing contemporary societies (Bryson et al. 2006). Public-private interaction enables a broader system view and draws on the distinctive sectoral advantages of government, business, and nonprofit organizations to leverage the full range of human, social, and financial resources to address the “wicked issues” confronting today’s leaders (Mahoney et al. 2009). Taken in combination, the strong

Contents Introduction ......................................................................................................145 Description of SIBs ...........................................................................................148 Managing for Public Value in SIBs: Theory and Practice ...................................150