Meiji University Institute of Nonprofit and Public Management Studies (INPMS)


Social Impact Investment Research Project

Research Theme

The effects of social impact investments on public service provision by nonprofit organizations and social enterprises in the UK, the US and Japan.


Research Objectives

▶ Conduct empirical studies on social impact investments, especially social impact bonds, in the UK and the US.
▶ Explore how social impact investments affect governments, social sector service providers, service users, and the quality of social services in the UK and the US.
▶ Develop Japanese models of social impact bonds and urge Japanese governments to adopt social impact investment schemes.


Source of Funding

The project is funded by the Japanese Government (The Ministry of Education, Culture, Sports, Science, and Technology (MEXT)) through a grant called “Research Grants to Strategically Build a Research Infrastructure at Private Universities."


Duration of the Project

The research project will last for five years, from April 2014 to March 2019.


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