Private finance for public goods: social impact bonds

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[Accepted Manuscript] Narratives of Promise, Narratives of Caution: A Review of the Literature on Social Impact Bonds (2016, background): “Fourthly, SIBs may side-line service user interests and pose questions around democratic accountability (Joy and Shields, 2013; Warner, 2013).”
Social finance and crowdfunding for social enterprises: a public–private case study providing legitimacy and leverage (2014, background): “…Society Capital’ (Rodger 2013; Lister 2014; Grint and Holt 2013), a kind of public fund for social impact, and ‘Social Impact Bonds’ (SIBs) (Eames et al. 2014; Warner 2013; Jackson 2013a), a form of repayable debt for SEs in which the interest rate depends on the actually achieved social impact.”
What’s in a Name: An Analysis of Impact Investing Understandings by Academics and Practitioners (2015, background): “, the rehabilitation of offenders) is achieved (Warner 2013).”