Abstract
This paper focuses on the question of how to enhance corporate governance using public-private partnerships (PPPs) incorporating shared incentives and social finance models towards stakeholder and shareholder value in a post-subprime crisis era? Through the Complexity Science framework, this article argues that the implementation of social finance, generally, and social impact bonds (SIBs), specifically, can represent a viable model to achieve such objective — a model in which value is furthered and potentially maximized between relevant public and/or private sector networks on behalf of both stakeholders and shareholders through the pursuit of an efficient combination of shared incentives.
Original language | English |
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Pages (from-to) | 633-640 |
Number of pages | 8 |
Journal | Corporate Ownership and Control |
Volume | 12 |
Issue number | 1 |
DOIs | |
State | Published - 2014 |
Bibliographical note
Publisher Copyright:© 2014, Virtus Interpress. All rights reserved.
Keywords
- Brinkerhoff
- Complexity science
- Loosely coupled systems
- Public-Private partnership
- Shared incentives
- Social finance
- Social impact bonds