Everybody wins? A discourse analysis of competing stakeholder expectations in Social Impact Bonds

Ormiston, J; Moran, M; Castellas, EI; Tomkinson, E

Everybody wins? A discourse analysis of competing stakeholder expectations in Social Impact Bonds

Ormiston, J

Moran, M Castellas, EI Tomkinson, E

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Publisher:: ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Publication Type:: Journal Article
Citation:: Public Money and Management, 2020, 40, (3), pp. 237-246
Issue Date:: 2020-04-02

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Field	Value	Language
dc.contributor.author	Ormiston, J https://orcid.org/0000-0002-5295-0126
dc.contributor.author	Moran, M
dc.contributor.author	Castellas, EI
dc.contributor.author	Tomkinson, E
dc.date.accessioned	2022-10-30T19:57:04Z
dc.date.available	2022-10-30T19:57:04Z
dc.date.issued	2020-04-02
dc.identifier.citation	Public Money and Management, 2020, 40, (3), pp. 237-246
dc.identifier.issn	0954-0962
dc.identifier.issn	1467-9302
dc.identifier.uri	http://hdl.handle.net/10453/162957
dc.description.abstract	This paper explores how diverse stakeholders frame their expectations of Social Impact Bonds (SIBs). Using discourse analysis, the authors examine competing expectations in SIB press releases, showing how they differ between stakeholders, between institutional contexts, and how they evolve over time. The paper highlights how the prioritization of social finance and collaboration discourses privileges the role of private investors, which in turn diminishes the role of service providers as innovators. IMPACT: This paper explains the competing rationales of stakeholders from different sectors and jurisdictions engaging in SIBs, and how these rationales shift over time. Policy-makers need to reprioritize the role of service providers in SIB communications as they are often marginalized in the overall public discourse—particularly in the early stages of SIB structuring. The differences the authors found between jurisdictions reveal that institutional contexts shape the nature of SIBs, and that the SIB model should not be transferred in a standardized way to differing contexts.
dc.language	English
dc.publisher	ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
dc.relation.ispartof	Public Money and Management
dc.relation.isbasedon	10.1080/09540962.2020.1714316
dc.rights	info:eu-repo/semantics/openAccess
dc.subject	1501 Accounting, Auditing and Accountability, 1503 Business and Management, 1605 Policy and Administration
dc.subject.classification	Political Science & Public Administration
dc.title	Everybody wins? A discourse analysis of competing stakeholder expectations in Social Impact Bonds
dc.type	Journal Article
utslib.citation.volume	40
utslib.for	1501 Accounting, Auditing and Accountability
utslib.for	1503 Business and Management
utslib.for	1605 Policy and Administration
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Provost
pubs.organisational-group	/University of Technology Sydney/Provost/TD School
utslib.copyright.status	open_access	*
dc.date.updated	2022-10-30T19:57:03Z
pubs.issue	3
pubs.publication-status	Published
pubs.volume	40
utslib.citation.issue	3

Abstract:

This paper explores how diverse stakeholders frame their expectations of Social Impact Bonds (SIBs). Using discourse analysis, the authors examine competing expectations in SIB press releases, showing how they differ between stakeholders, between institutional contexts, and how they evolve over time. The paper highlights how the prioritization of social finance and collaboration discourses privileges the role of private investors, which in turn diminishes the role of service providers as innovators. IMPACT: This paper explains the competing rationales of stakeholders from different sectors and jurisdictions engaging in SIBs, and how these rationales shift over time. Policy-makers need to reprioritize the role of service providers in SIB communications as they are often marginalized in the overall public discourse—particularly in the early stages of SIB structuring. The differences the authors found between jurisdictions reveal that institutional contexts shape the nature of SIBs, and that the SIB model should not be transferred in a standardized way to differing contexts.

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http://hdl.handle.net/10453/162957