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Community Development Volume 44, 2013 - Issue 5: Innovative Measurement and Evaluation of Community Development Practices
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Evaluating social impact bonds: questions, challenges, innovations, and possibilities in measuring outcomes in impact investing

Edward T. JacksonSchool of Public Policy and Administration, Carleton University, Room 5138, River Building, 1125 Colonel By Drive, Ottawa, ONK1S 5B6, CanadaCorrespondence[email protected]
Pages 608-616 | Published online: 12 Nov 2013

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Benedetta De Pieri, Veronica Chiodo & Francesco Gerli. (2023) Based on outcomes? Challenges and (missed) opportunities of measuring social outcomes in outcome-based contracting. International Public Management Journal 26:3, pages 437-462.
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Jamie R. McCall & Michele M. Hoyman. (2023) Community Development Financial Institution (CDFI) program evaluation: a luxury but not a necessity?. Community Development 54:1, pages 91-121.
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Alexis R. Kennedy. (2022) Does It Pay to Pay for Success? Stakeholder Perceptions of Costs and Benefits of PFS Feasibility Studies*. Public Performance & Management Review 45:5, pages 1088-1111.
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Joelma Leite Castelo, Sandra Maria Santos, Clayton Robson Moreira da Silva & Cíntia Vanessa Monteiro Germano Aquino. (2022) Social innovation in a local community in Brazil. Community Development 53:3, pages 370-390.
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Reinhard Millner & Michael Meyer. (2022) Collaborative governance in Social Impact Bonds: aligning interests within divergent accountabilities?. Public Management Review 24:5, pages 729-751.
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Tima T. Moldogaziev, Cheol Liu & Mikhail Ivonchyk. (2022) Policy experimentation with impact financing: a systematic review of research on social impact bonds. Asia Pacific Journal of Public Administration 44:1, pages 81-99.
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Anirudh Agrawal & Kai Hockerts. (2021) Impact investing: review and research agenda. Journal of Small Business & Entrepreneurship 33:2, pages 153-181.
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Stefanie Tan, Alec Fraser, Neil McHugh & Mildred E. Warner. (2021) Widening perspectives on social impact bonds. Journal of Economic Policy Reform 24:1, pages 1-10.
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Jarrod Ormiston, Michael Moran, Erin I. Castellas & Emma Tomkinson. (2020) Everybody wins? A discourse analysis of competing stakeholder expectations in Social Impact Bonds. Public Money & Management 40:3, pages 237-246.
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Rebecca Tekula & Kirsten Andersen. (2019) The Role of Government, Nonprofit, and Private Facilitation of the Impact Investing Marketplace. Public Performance & Management Review 42:1, pages 142-161.
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Donatella Alessandrini & Suhraiya Jivraj. (2017) Conceptualising the Economy-Society Nexus in Well-Being and Happiness Initiatives: Gross National Happiness in Business in Bhutan and Social Impact Bonds in the United Kingdom. International Critical Thought 7:4, pages 526-546.
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Dominique Jozef Alfons Smeets. (2017) Collaborative Learning Processes in Social Impact Bonds: A Case Study from the Netherlands. Journal of Social Entrepreneurship 8:1, pages 67-87.
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Marika Arena, Irene Bengo, Mario Calderini & Veronica Chiodo. (2016) Social Impact Bonds: Blockbuster or Flash in a Pan?. International Journal of Public Administration 39:12, pages 927-939.
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Muhammad Shajjad Ahsan. (2016) Impacts of funding in digitising the Bangladesh Film Industry: Challenges ahead. South Asian Popular Culture 14:3, pages 241-248.
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Irene Bengo & Mario Calderini. (2016) New development: Are social impact bonds (SIBs) viable in Italy? A new roadmap. Public Money & Management 36:4, pages 303-306.
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Othmar M. Lehner & Alex Nicholls. (2014) Social finance and crowdfunding for social enterprises: a public–private case study providing legitimacy and leverage. Venture Capital 16:3, pages 271-286.
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Md Akhtaruzzaman, Ameet Kumar Banerjee, Van Le & Faten Moussa. (2024) Hedging precious metals with impact investing. International Review of Economics & Finance 89, pages 651-664.
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Mikkel Munksgaard Andersen. (2023) Barriers to social impact bond implementation: a review of evidence from the UK and US. International Journal of Public Sector Management 36:6/7, pages 512-529.
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Rosella Carè, Stella Carè, Nathalie Lévy & Rabia Fatima. (2023) Missing finance in social impact bond research? A bibliometric overview between past and future research. Corporate Social Responsibility and Environmental Management 30:5, pages 2101-2120.
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Helen Chiappini, Nicoletta Marinelli, Raja Nabeel-Ud-Din Jalal & Giuliana Birindelli. (2023) Past, present and future of impact investing and closely related financial vehicles: a literature review. Sustainability Accounting, Management and Policy Journal 14:7, pages 232-257.
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Monica Singhania, Gurmani Chadha & Renuka Prasad. (2023) Sustainable finance research: Review and agenda. International Journal of Finance & Economics.
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Debra Hevenstone, Alec Fraser, Lukas Hobi, Wojtek Przepiorka & Gemma G. M. Geuke. (2023) The impact of social impact bond financing. Public Administration Review 83:4, pages 930-946.
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Thomas Walker, Sherif Goubran, Moein Karami, Adele Dumont-Bergeron, Tyler Schwartz & Kalima Vico. (2023) Mainstreaming social impact bonds: A critical analysis. Finance Research Letters 53, pages 103546.
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Vincenzo Provenzano & Massimo Arnone. 2023. New Metropolitan Perspectives. New Metropolitan Perspectives 63 84 .
Mario Calderini, Veronica Chiodo & Fania Valeria Michelucci. 2023. Positives Impact Investing. Positives Impact Investing 31 43 .
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Tulika A. Narayan, Judy Geyer, Denise Mainville & Betsy Ness-Edelstein. (2022) An evaluation framework and empirical evidence on the effect of pay-for-results programs on the development of markets for welfare-enhancing agricultural technologies. Agriculture & Food Security 11:1.
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Prerna Rathee & Shalini Aggarwal. (2022) Investors’ Preference for Creating Impact: (A study to understand impact investors’ preference while making investment in India). Vision: The Journal of Business Perspective, pages 097226292211311.
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Othmar Manfred Lehner, Alex Nicholls & Sarah Beatrice Kapplmüller. (2022) Arenas of Contestation: A Senian Social Justice Perspective on the Nature of Materiality in Impact Measurement. Journal of Business Ethics 179:4, pages 971-989.
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Julie Rouault & Elisabeth Albertini. (2022) Reconciling the social sector with external accountability requirements: Lessons from stewardship theory. Journal of Business Research 142, pages 485-498.
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Jessica Aschari-Lincoln & Barbara Scheck. (2022) F(i)unding Your Way: A Managerial Compass for Social Organizations. Sustainability 14:3, pages 1396.
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Satish Kumar, Dipasha Sharma, Sandeep Rao, Weng Marc Lim & Sachin Kumar Mangla. (2022) Past, present, and future of sustainable finance: insights from big data analytics through machine learning of scholarly research. Annals of Operations Research.
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Natalia Konovalova. 2022. Social Innovation in Higher Education. Social Innovation in Higher Education 295 313 .
I. V. Solntsev. (2021) Social impact bonds: Financing grassroots sports. Finance: Theory and Practice 25:6, pages 199-211.
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Eugenia Strano, Alessandro Rizzello & Annarita Trotta. 2021. Handbook of Research on Global Aspects of Sustainable Finance in Times of Crises. Handbook of Research on Global Aspects of Sustainable Finance in Times of Crises 46 76 .
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Abdellah Kabli, Alessandro Rizzello & Annarita Trotta. (2021) Roadmapping New Impact Bonds in a Post-COVID World: Insights from Case Studies in the Education Sector. Sustainability 13:8, pages 4121.
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Ali Mollinger-Sahba, Paul Flatau, Daniel Schepis & Sharon Purchase. (2021) Micro-processes of public good social innovation in the Australian social impact investment market. Industrial Marketing Management 93, pages 428-445.
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Antonio Minguzzi & Michele Modina. 2021. Contemporary Issues in Sustainable Finance. Contemporary Issues in Sustainable Finance 117 133 .
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Elisa Baraibar-Diez, Manuel Luna, María D. Odriozola & Ignacio Llorente. (2020) Mapping Social Impact: A Bibliometric Analysis. Sustainability 12:22, pages 9389.
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Suwen Chen & Richard Harrison. (2020) Beyond profit vs. purpose: Transactional-relational practices in impact investing. Journal of Business Venturing Insights 14, pages e00182.
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Rosella Carè, Francesco Rania & Riccardo De Lisa. (2020) Critical Success Factors, Motivations, and Risks in Social Impact Bonds. Sustainability 12:18, pages 7291.
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Matthew W. Brand, Napoleon Gudiño‐Elizondo, Maura Allaire, Steven Wright, Waylon Matson, Phil Saksa & Brett F. Sanders. (2020) Stochastic Hydro‐Financial Watershed Modeling for Environmental Impact Bonds. Water Resources Research 56:8.
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Stephen McCallum & Suzette Viviers. (2020) Exploring key barriers and opportunities in impact investing in an emerging market setting. South African Journal of Business Management 51:1.
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Alessandro Rizzello & Abdellah Kabli. (2020) Sustainable Financial Partnerships for the SDGs: The Case of Social Impact Bonds. Sustainability 12:13, pages 5362.
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Jeroen van Raak & Amber Raaphorst. (2020) From performance measurement to performance management in the impact investment industry. Maandblad Voor Accountancy en Bedrijfseconomie 94:5/6, pages 205-217.
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Natasha Watts & Ivan R. Scales. (2020) Social impact investing, agriculture, and the financialisation of development: Insights from sub-Saharan Africa. World Development 130, pages 104918.
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Luisa De Amicis, Silvia Binenti, Felipe Maciel Cardoso, Carlos Gracia-Lázaro, Ángel Sánchez & Yamir Moreno. (2020) Understanding drivers when investing for impact: an experimental study. Palgrave Communications 6:1.
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Mario Calderini, Veronica Chiodo & Fania Valeria Michelucci. (2018) The social impact investment race: toward an interpretative framework. European Business Review 30:1, pages 66-81.
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