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Aligning interests within divergent accountabilities? Case Analysis based on the first Social Impact Bond in Austria

07/12/2021

Using in-depth longitudinal case analysis and drawing from agency theory and resource dependence theory, Reinhard Millner and Michael Meyer examine interest alignment among partners over the lifespan of an Austrian Social Impact Bond pilot.

Their analysis shows the multitude of problems and costs that such a challenging arrangement of multiple stakeholders brings along, which dampen overoptimistic expectations in SIBs. Read the full paper in Public Management Review.

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