Quantifying Social Capital in Charity Accounting Bridging Intangible Value with Transparency

Jie Ren ()
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Jie Ren: The University of Melbourne, Faculty of Business and Economics

A chapter in Proceedings of the 2025 International Conference on Financial Risk and Investment Management (ICFRIM 2025), 2025, pp 1195-1208 from Springer

Abstract: Abstract Social capital includes social networks, mutual trust, and normally shared norms. Social capital has been widely studied in disciplines such as sociology, economics, and accounting. Many scholars realize it plays a very important role in increasing the collaboration of individuals and enhancing organizational efficiency. Although much research has been conducted on social capital, a significant gap remains in charity accounting. Currently, there is no standardized approach to quantifying and reporting it. Existing accounting frameworks primarily emphasize financial data. But they mostly stop short at providing the less concrete, intangible aspects of social capital that concern community and trusting relationships; just those things that enable charities most effectively to accomplish their mission. This paper will attempt to fill this lacuna by designing a structured model for integrating social capital into financial reporting. This will provide a framework that gives rise to increased transparency, strengthens accountability, but more importantly, enables charities to articulate the value of their social contributions. It will also facilitate more effective stakeholder engagement and contribute to future policy and funding decisions.

Keywords: Social Capital; Charity Accounting; Financial Reporting (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-748-9_129

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DOI: 10.2991/978-94-6463-748-9_129

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