Social Return on Investment Analysis

Then, Volker; Schöber, Christian; Rauscher, Olivia; Kehl, Konstantin

doi:10.1007/978-3-319-71401-1

Cited by 30 publications

(16 citation statements)

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“…This is more meaningful than a focus on performance. It particularly applies where performance is targeted at positive societal development and is not an end in itself (Then et al ., 2017, p. 1).…”

Section: Introductionmentioning

confidence: 99%

Using the social return on investment (SROI) as a measure of the effectiveness of social innovation projects implemented under public policies

Moroń

Klimowicz

2021

SEJ

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Purpose This paper aims to contribute to the on-going debate about the best way to measure the economic effectiveness of public policies, as well to explore the possibility of using the social return on investment (SROI) method as one of the indicators. Design/methodology/approach This study combines the SROI method with the case study analysis and comparative study. The paper presents the process of economic evaluation with the use of the SROI methodology and its results, along with methodological and evaluation observations. Findings This study confirms some assumptions based both on the subject literature, as well as, on own experience related to the implementation of the evaluation, the author also points out dilemmas related to the use of SROI analysis and the possibility of using it to measure the effectiveness of social innovation projects. Research limitations/implications The study contains several practical suggestions on the advantages and disadvantages of the SROI method in the evaluation of particular public policy intervention. Practical implications The paper includes implications for the use of SROI analysis of social innovation projects implemented in the frames of public policies. Originality/value The authors’ ambition is to provide practical suggestions on the advantages and disadvantages of the SROI method in the evaluation of particular public policy intervention and to contribute to the discussion about the possible space for comparing the results of economic evaluation based on the SROI method. Furthermore, it is different than most approaches to SROI analysis as the authors combine this method with the case study analysis and comparative study.

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Section: Introductionmentioning

confidence: 99%

Using the social return on investment (SROI) as a measure of the effectiveness of social innovation projects implemented under public policies

Moroń

Klimowicz

2021

SEJ

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“…As pinpointed in the literature review section there is a great fragmentation in SIA practice. Even so, the SROI (Social Return on Investment) is the most frequently used metric in social impact assessment (Nicholls, 2009;Then et al, 2017;Hervieux and Voltan, 2019). There are many reasons for this "success".…”

Section: Methodsmentioning

confidence: 99%

“…Until now, research in this field has almost never led to shared solutions and this finds a direct demonstration in the plurality of models adopted for the measurement and evaluation of social impact-76 models mapped in literature, see Grieco, Michelini and Iasevoli (2015)-which is representative of strongly differentiated approaches and tools. Fragmentation among SIA models and variety is high: apart from the very few models that present clear methodology and characteristics, for instance SROI (see Then et al, 2017), most of the models are not standardized (at least in the process). This variety certainly covers a broader range of dimensions to assess social value and adapts to the diversity of each subject (from for-profit companies to social enterprises, from benefit companies to non-profit companies), but, at the same time, it has the limitation of making the scalability of the assessments much more difficult (Arce-Gomez, Donovan and Bedggood, 2015).…”

Section: The "What" "Who" and "How" Issues About Social Impact Assessmentmentioning

confidence: 99%

The Usefulness of Sharing Social Impact Data. Early Findings from an International Benchmarking on SROI Assessments

Corvo¹,

Pastore²

2021

JEOD

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This paper aims at investigating a perspective for the social impact measurability by collecting and analysing open data at the international level. Our goal is to shed light on the unlocked potential of the knowledge produced by a global community of scholars and practitioners engaged in social impact measurement processes. Global open data on social impact assessment (SIA) have been mapped and collected in a database using the impact chain as a reference point for choosing the variables. In this paper, we focus on the potential use of these data to enable forecasting analysis about the expected social value and to inform decision-making processes aimed at responding to complex social challenges. The early findings suggest the opportunity of a wider actionresearch initiative, by engaging different typologies of stakeholders and organizations aimed at incorporating social impact as a key strategic driver.

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“…Until now, the research in this field has almost never led to shared solutions, and this finds direct evidence in the plurality of models adopted for social impact measurement and evaluation, representative of highly differentiated approaches and tools. This condition is generated by the fragmentation among SIA models and the variety is high, apart from the very few models that present a clear methodology and features, e.g., the SROI [8], most models are not standardized (at least in the process) [9]. This variety certainly covers a wider range of dimensions for assessing social value and accommodates the diversity of each entity (from for-profit companies to social enterprises, from benefit companies to non-profits), but at the same time, it has the limitation of making it much more difficult to scale assessments [52].…”

Section: Contributions To the Literaturementioning

confidence: 99%

“…The scope of social impact is the construction and transmission of a set of information capable of expanding and deepening the knowledge of the value generated to better guide decision-making processes at different levels is precisely the treated topic of social impact [6][7][8].…”

Section: Introductionmentioning

confidence: 99%

Mapping Social Impact Assessment Models: A Literature Overview for a Future Research Agenda

et al. 2021

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The social impact assessment (SIA) process is widely utilised and is receiving increasing interest from both scholars and practitioners. A systematic approach was applied in this study to search for articles about SIA models. In the first step, we analysed six main SIA model mappings between 2004 and 2015. In the second step, 98 models were identified. The main findings include the definition of emerging paths for the future research agenda on this topic. Compared with previous SIA mappings, we identified 22 additional models that are related to the sustainability discourse. The meaning of sustainability is defined both by the emergence of new systems in finance that require specific metrics and in relation to the global agenda towards sustainable development. It is interesting to notice how social impact models, sustainability indicators (under the global framework of sustainable development goals (SDGs)) and new financial scores (such as environmental, social and governance (ESGs)) are converging into a common discourse, even if divergence is still present, and further research is needed to unlock the relationships among them.

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Social Return on Investment Analysis

Cited by 30 publications

References 0 publications

Using the social return on investment (SROI) as a measure of the effectiveness of social innovation projects implemented under public policies

Using the social return on investment (SROI) as a measure of the effectiveness of social innovation projects implemented under public policies

The Usefulness of Sharing Social Impact Data. Early Findings from an International Benchmarking on SROI Assessments

Mapping Social Impact Assessment Models: A Literature Overview for a Future Research Agenda

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