ENHANCING CORPORATE GOVERNANCE USING PUBLIC-PRIVATE PARTNERSHIPS (PPPS) INCORPORATING SHARED INCENTIVES AND SOCIAL FINANCE MODELS TOWARDS STAKEHOLDER AND SHAREHOLDER VALUE IN A POST-SUBPRIME CRISIS ERA

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Abstract

This paper focuses on the question of how to enhance corporate governance using public-private partnerships (PPPs) incorporating shared incentives and social finance models towards stakeholder and shareholder value in a post-subprime crisis era? Through the Complexity Science framework, this article argues that the implementation of social finance, generally, and social impact bonds (SIBs), specifically, can represent a viable model to achieve such objective — a model in which value is furthered and potentially maximized between relevant public and/or private sector networks on behalf of both stakeholders and shareholders through the pursuit of an efficient combination of shared incentives.

Keywords: Social Finance, Social Impact Bonds, Public-Private Partnership, Shared Incentives, Loosely Coupled Systems, Complexity Science, Brinkerhoff

How to cite this paper: Kim, J. (2014). Enhancing corporate governance using public-private partnerships (PPPS) incorporating shared incentives and social finance models towards stakeholder and shareholder value in a post-subprime crisis era. Corporate Ownership & Control, 12(1-7), 633-640. https://doi.org/10.22495/cocv12i1c7p3