Gianinazzi, VirginiaMacedo, Sophia Domingues Sperandeo de2025-09-022025-09-022025-01-162024-12-31http://hdl.handle.net/10362/187398This work examines the Pay-for-Success (PFS) model in the context of the Chicago Public Schools Pre-K initiative, focusing on its impact on stakeholders and its effectiveness in increasing access to early childhood education. Grounded in institutional and stakeholder theories, the study explores how PFS models align private investment with public sector goals, creating an accountability framework that ties financial returns to measurable social outcomes. By bridging the theoretical foundations with practical applications, this research contributes to the broader discussion on the role of innovative financial mechanisms in addressing systemic inequities in social services.engPay-For-Success (PFS)Social Impact Bonds (SIBs)Impact investingPublic-private partnershipsmaster thesis203991060