SROI Methodology for Public Administration Decisions about Financing with Social Criteria. A Case Study

Mercedes Ruiz-Lozano, Pilar Tirado-Valencia, Antonio Sianes, Antonio Ariza-Montes, Vicente Fernández-Rodríguez and Carmen López-Martín Mª
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Mercedes Ruiz-Lozano: Department of Finance and Accounting, Universidad Loyola Andalucía, 14004 Córdoba, Spain
Pilar Tirado-Valencia: Department of Finance and Accounting, Universidad Loyola Andalucía, 14004 Córdoba, Spain
Antonio Sianes: Department of International Studies, Universidad Loyola Andalucía, 14004 Córdoba, Spain
Antonio Ariza-Montes: Department of Management, Universidad Loyola Andalucía, 14004 Córdoba, Spain
Vicente Fernández-Rodríguez: Department of Management, Universidad Loyola Andalucía, 14004 Córdoba, Spain
Carmen López-Martín Mª: Department of Economy, Universidad Loyola Andalucía, 14004 Córdoba, Spain

Sustainability, 2020, vol. 12, issue 3, 1-16

Abstract: The measurement of impacts has been considered one of the best methodologies to evaluate the level of achievement of social entities’ objectives as well as of their contribution to resolving social problems. Those methodologies can guide public policies and subsidies granting, as they help to identify the organizations producing a higher social value, and the effects of their projects. Our research focused on the effectiveness and the efficiency of social entities, measured through their capacity to generate impacts on their stakeholders. The research was realized through the analysis of a case study: the special education center for disabled youths, CEE-SA, in Spain. The social return on investment (SROI) methodology has allowed us to monetarize the social value created for stakeholders through the activity carried out by CEE-SA, and it provides information about the whole value creation process that is generated, for which the analysis and follow-up through the indicators offers a contribution to its management system. This case study can serve as a reference in assessing the management processes of similar entities and can also highlight SROI usefulness for public administrations as an assessment tool for subsidies granted on social criteria. The originality of this research relies on the new SROI methodology provided for the assessment of public financing decisions, especially in a field that remains as under-researched as special education schools.

Keywords: social impact; SROI; public sector; public policies; non-profits; legitimacy; special education; indicators (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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