“…However, from a broader perspective, both PbRs and SIBs were conceived as mechanisms for improving efficiency, accountability, and social innovation in service provisions (Albertson et al, 2018). Though, SIBs encourage the implementation of new and innovative welfare in several social areas by going beyond the traditional limitations of PbRs schemes and by channeling private capital into more effective social interventions (Edmiston & Nicholls, 2018; Trotta et al, 2021).…”