The challenge of Social Impact Bond: the state of the art of the Italian context

This paper aims to investigate Social Impact Bond (SIB), as a specific social finance tool able to involve various stakeholder groups in generating social value. The theoretical framework is the study of the outcome-based commissiong models of Anglo-Saxon origin and rapidly spread throughout Europe. The research question concerns the main opportunities and challenges posed by the SIBs in the perspective of Italian public decision-makers. The results of the research consist in clustering of the various roles that the PA can assume in an SIB and in the analysis of the strengths and weaknesses of the Italian context with respect to the development of this tool.