Title:

The social impact bond as a financial instrument

Group publication title:

Obligacja społeczna jako instrument finansowy

Title in english:

Obligacja społeczna jako instrument finansowy

Creator:

Wiśniewski, Marcin

Subject and Keywords:

social impact bonds ; financial instruments ; bonds ; public management

Description:

Financial Sciences = Nauki o Finansach, 2018, vol. 23, no. 4, s. 102-117

Abstrakt:

Social impact bonds are an innovative mechanism for financing social tasks with the financial resources of private investors. The repayment of the capital invested and capital gains depends on obtaining a predetermined social aim that is paid for by the public side under the “payment for results” formula. The previous work on this mechanism focused mainly on its task and organizational dimension. In this paper, the author attempts to define the social impact bond as a financial instrument. In particular, the financial side of the mechanism is considered. First, an attempt is made to determine the place of the social impact bond in the theoretical classifications of financial instruments. Second, the place of the instrument is indicated in the system of financial law. Finally, some remarks are made on the need to have the new instrument regulated in Polish legislation

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2018

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/fins.2018.4.07

Language:

eng

Relation:

Financial Sciences = Nauki o Finansach, 2018, vol. 23, no. 4

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-NC-ND 3.0 PL

Location:

Uniwersytet Ekonomiczny we Wrocławiu