The Social Return on Investment (SROI) for Evaluation of the Impact in International Cooperation Health Project in Albania: A Case Study

Martina Giusti (), Niccolò Persiani (), Michele Luca () and Maria Josè Caldes
Additional contact information
Martina Giusti: University of Florence
Niccolò Persiani: University of Florence
Michele Luca: Centre of Global Health of Tuscany Region
Maria Josè Caldes: Centre of Global Health of Tuscany Region

A chapter in Business Development and Economic Governance in Southeastern Europe, 2022, pp 73-91 from Springer

Abstract: Abstract In the last years with the affirmation of the Theory of Change (ToC—Connel and Kunisch in New approaches to evaluating community initiatives 2:1–16, Connell and Kubisch, New Approaches to Evaluating Community Initiatives 2:1–16, 1998), a lot of tools for the evaluation of projects having social relevance have been developed. The need to measure their impact has led to leave the use of traditional qualitative measurement instruments joints for quantitative tools, which calculate the effectiveness of the resources employed and the generated impact by social projects (Anderson in The community builder's approach to Theory of Change, Anderson, A.A., (2006). The community builder's approach to Theory of Change.). Among them, recently it is paid attention on the Social Return on Investment (SROI—Lingane and Olsen in California management review 46:116–135, Lingane and Olsen, California Management Review 46:116–135, 2004), a model to account for created value. It includes not only the return of investments but also the benefits for the broader public in the social, economic and environmental spheres. The research aim is to verify and calculate SROI as a valid tool to measure the impact generated by social projects in transitional countries, especially those of health international cooperation. Indeed, the economic quantification of the SROI rate appears as an important element to improve reporting and accountability both to the lender, the gesture and the users. The case study has been identified as appropriate methodology for conducting this research (Yin 2003; Eisenhardt in Academy of Management Review 14:532–550, Eisenhardt, Academy of Management Review 14:532–550, 1989). The project ‘Introducing Health Information System (IHIS): a modern approach to transparency and accountability in the Albanian public health’ conducted by the Tuscany Region resulted relevant for the involvement of different actors and its action in a transition country as Albania. This project was realized from 2014 to 2016 using financing from IADSA (Italian Albanian Debt for Development Swap Agreement) to support the Albanian government in the NHS technological and accountant development. Now it’s possible to adequately observe the generated impact 5 years after the conclusion of IHIS project. The necessary data for the calculation of SROI was collected by desk analysis of project's documents and reports and the conduction of interviews and focus groups to a specimen of involved stakeholders. Results show the good capability of SROI to quantitatively evaluate the impact produced by a health international cooperation project, also if complex and articulated as that studied. In particular, the SROI rate of this project is 9.4, an optimal rate (for 1.00€ invested, the project generated an economic impact of 9.40€). Therefore, it is demonstrated the optimal use of the allocated resources obtaining a strong effective impact in the Albanian health care system and on the network of involved stakeholders. Another important aspect is the reinforcement of results dissemination in the society, for the simplicity and easy comprehension of the SROI rate and the internal restitution promoted by SROI analysis. So SROI proves as a good instrument both to measure and to share the economic value of generated impact.

Keywords: Social projects; Impact; Evaluation tools; International cooperation; SROI; Health (search for similar items in EconPapers)
JEL-codes: H43 H51 I15 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-05351-1_4

Ordering information: This item can be ordered from
http://www.springer.com/9783031053511

DOI: 10.1007/978-3-031-05351-1_4

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().