New Development: Private Finance Over Public Good? Questioning the Value of Impact Bonds

This article raises critical questions about the value of Impact Bonds, particularly regarding whether they prioritize private finance over public good. It examines the mechanisms of Social Impact Bonds and their implications for social value creation. The authors adopt a critical approach to explore potential downsides and unintended consequences, suggesting that the focus on financial returns in these instruments might overshadow the deeper societal benefits they are intended to achieve.