Abstract
Collaborations addressing grand challenges seek social impact; whether
such social innovations will endure beyond initial enthusiasm is a major
issue. Over the last decade, Social Impact Bonds (SIBs) emerged to
diffuse globally as a new form of cross sector collaboration to finance
solutions for social problems. Crucially, SIBs rely on intermediary
organizations to coordinate and govern relations across diverse actors
with competing and conflicting interests and values. How an intermediary
goes about this work has significant effects on whether the
collaboration achieves the desired social impact and whether it endures.
In this article, we examine the intermediary work that enables such a
cross-sector collaboration by analyzing two of the first completed SIBs
in Continental Europe. Our findings identify three main types of
interweaving intermediary work of aligning, stitching, and knotting,
that are supported by three distinct forms of institutional
infrastructure (ideational, operational, and relational respectively)
providing a significant contribution to the analysis of cross-sector
collaboration by connecting intermediary work to institutional
infrastructure.
Originalsprache | Englisch |
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Seiten (von - bis) | 1 - 15 |
Seitenumfang | 15 |
Fachzeitschrift | Journal of Management Inquiry |
DOIs | |
Publikationsstatus | Elektronische Veröffentlichung vor Drucklegung - 9 Sept. 2024 |