Submitted by Milena Niklewicz (milena.niklewicz@gmail.com) on 2016-02-04T19:45:39Z No. of bitstreams: 1 329322-Milena_Niklewicz.pdf: 1209857 bytes, checksum: 70ad222b4cfe2eb953b56dc03e01b05e (MD5) / Rejected by Ana Luiza Holme (ana.holme@fgv.br), reason: Milena, In you thesis, below the title it can not appear the words: 1 A Work Project, presented as part of the requirements for the Award of a Masters Degree in International Finance from both the NOVA – School of Business and Economics – and Fundação Getulio Vargas EESP A Project carried out on the Social Impact Bond Research Programme, under the supervision of António Miguel (Nova SBE) and Dr. Ricardo Rochman (FGV-EESP) put only the name of FGV In the first page of your thesis you must put only the year, please remove the day and month. The numbers of the pages should only appear in the introduction, put count from the first page The acknowledgment should be before the abstract and it should be in a different page from the abstract The index of figures and the index of tables should be in differents pages, ex: index of figures page 6, index of tables page 7 In the first page and the 2 page and 4 page, is missing the name of FGV, please remove te sayings A Work Project, presented as part of the requirements for the Award of a Masters Degree in International Finance from both the NOVA – School of Business and Economics – and Fundação Getulio Vargas EESP and put only the name of FGV Please remove the number after your name If you need help please feel free to contact me. Best. Ana Luiza 3799-3492 on 2016-02-05T11:31:55Z (GMT) / Submitted by Milena Niklewicz (milena.niklewicz@gmail.com) on 2016-02-05T14:18:26Z No. of bitstreams: 1 329322-Milena_Niklewicz.pdf: 1208272 bytes, checksum: 0e36ecbd4e1cb62284c259cca5bbb99b (MD5) / Rejected by Ana Luiza Holme (ana.holme@fgv.br), reason: Milena, Is only missing the acknowledgment, please insert before the abstract Best. Ana Luiza 3799-3492 on 2016-02-05T15:34:16Z (GMT) / Submitted by Milena Niklewicz (milena.niklewicz@gmail.com) on 2016-02-05T18:02:26Z No. of bitstreams: 1 329322-Milena_Niklewicz.pdf: 1211000 bytes, checksum: 9b32afc9479f44b543695a939c761452 (MD5) / Approved for entry into archive by Ana Luiza Holme (ana.holme@fgv.br) on 2016-02-05T18:10:20Z (GMT) No. of bitstreams: 1 329322-Milena_Niklewicz.pdf: 1211000 bytes, checksum: 9b32afc9479f44b543695a939c761452 (MD5) / Made available in DSpace on 2016-02-11T10:42:45Z (GMT). No. of bitstreams: 1 329322-Milena_Niklewicz.pdf: 1211000 bytes, checksum: 9b32afc9479f44b543695a939c761452 (MD5) Previous issue date: 2016-01-18 / The present study analyses whether a Social Impact Bond is a suitable tool to fund APAC Portugal’s intervention model aiming to enhance the life of former offenders and reduce recidivism rates through helping them reinsert into society upon release. While the costs of running a prison will be borne by the public sector just as any other prison, the innovative intervention model has to find another way of financing. The suitability of using a Social Impact Bond to fund this innovative intervention was tested through the building of a robust excel model representing the investment mechanism in order to test the profitability of such a measure. The results show that a Social Impact Bond could indeed fund APAC Portugal’s intervention model efficiently. / Este estudo é uma análise à eficácia de um Social Impact Bond como como instrumento financeiro no modelo de intervenção da APAC Portugal. O objetivo é o de melhorar a vida de ex-criminosos e reduzir os índices de reincidência de modo a apoiar a sua reinserção na sociedade após a libertação. Enquanto os custos de funcionamento de um estabelecimento prisional forem suportados pelo sector público, como é de lei, o modelo inovador de intervenção terá de encontrar um meio alternativo de financiamento. Sendo assim, testámos a rentabilidade de um Social Impact Bond através de um bem estruturado modelo Excel que simula o mecanismo de investimento, tendo os resultados demonstrado que um Social Impact Bond pode, de facto, financiar o modelo de intervenção da APAC Portugal de forma eficaz.