scholarly journals Monetarizing the social value: theory and evidence

2019 ◽  
pp. 43
Author(s):  
José Luis Retolaza ◽  
Leire San-José ◽  
Maite Ruiz Roqueñi
Keyword(s):  
Social Impact ◽  
Economic Value ◽  
Complete Information ◽  
Financial Economic ◽  
Value Theory ◽  
Social Value ◽  
Social Responsibilities ◽  
Private Organizations ◽  
The Social ◽  
Accounting Model

Over the last decade important efforts were made to integrate economic and social value in organizations within a unic report. This is significant because it reflects greater interest and demands in society concerning not just economic but social responsibilities of organizations.However, social organizations are finding problems to give value to their social contribution, mainly due to the prominence of financial economic indicators; which curiously only have instrumental value in this type of entities.The aim of this paper is to develop a social accounting model that allows incorporating the social value, in its monetized form, employing accounting standards; with the economic one. It is not possible to monetize full social value with this model, although it does show economic value with social impact, socio-economic return and specific social value.Application of this model makes possible the quantitative and monetized comparison of integrated value between companies, which would involve more efficient decision-making based on symmetry and more complete information (private organizations), more efficiency in consumption or investment decisions (private individuals) and efficient indicators for establishing public policies (public administration). Overall, it could prove to be a basic and valuable component of business reputation.

scholarly journals The Social Balance Sheet as Part of the Annual Report in Financial Institutions. A Case Study: Banco Bilbao Vizcaya Argentaria (BBVA)

2021 ◽  
Vol 13 (6) ◽  
pp. 3075
Author(s):  
Miguel Ángel Martín Valmayor ◽  
Beatriz Duarte Monedero ◽  
Luis A. Gil-Alana
Keyword(s):  
Annual Report ◽  
Economic Value ◽  
Balance Sheet ◽  
Value Added ◽  
Social Value ◽  
Economic Value Added ◽  
The Social ◽  
Social Balance ◽  
Corporate Social

In this paper, we examine the concept of the social balance sheet (SBS) and its evolution in corporate social reports that large companies have to issue today in their yearly statements. The SBS allows companies to evaluate their compliance with corporate social responsibility during a specific period and quantify its level of accomplishment. From a methodological perspective, this research analyzed the information that should be contained in the SBS report comparing economic value added (EVA) with other social value added statements (SVA), analyzing also in detail the case of Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) bank as one of the pioneers in offering social reports. Along with this study, their metrics following EVA were recalculated and a more academic SVA statement was proposed for this specific case.

Assessing universities’ social sustainability: accounting for stakeholder value

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Silvia Ayuso ◽  
Xavier Carbonell ◽  
Laia Serradell
Keyword(s):  
Higher Education ◽  
Sustainability Assessment ◽  
Economic Value ◽  
Social Sustainability ◽  
Social Value ◽  
Financial Accounting ◽  
Content Type ◽  
Social Challenges ◽  
The Social ◽  
Sustainability Principles

Purpose The purpose of this paper is to assess higher education institutions’ (HEIs) social sustainability by applying Integrated Social Value (ISV) analysis to eight universities belonging to the Catalan Association of Public Universities in Spain. Design/methodology/approach ISV analysis is a social accounting methodology that considers both the economic value and the social value created for all the organisation’s stakeholders through a participatory and systematic process. Findings The authors have shown that ISV analysis can be effective to assess the impacts on social sustainability of HEIs. The monetised results facilitate understanding about the valued impacts and allow integration with the universities’ financial data. Research limitations/implications The research advances the under-researched topic of social sustainability assessment in higher education. Practical implications Quantifying universities’ social impacts in monetary terms may help to transform conventional financial accounting and improve HEIs’ internal strategy and management according to sustainability principles. Social implications The process of measuring the social value created by universities provides a way to meet the rising demands for greater accountability and transparency and facilitates engagement with stakeholders on how these institutions are contributing to sustainable development. Originality/value ISV analysis represents an innovative approach to assess how HEIs create benefits for its internal and external stakeholders and contribute to solutions to social challenges.

Toward a strategic view of higher education social responsibilities: A dynamic capabilities approach

2016 ◽  
Vol 16 (1) ◽  
pp. 12-34 ◽  
Author(s):  
Christopher S. Hayter ◽  
Daniel R. Cahoy
Keyword(s):  
Higher Education ◽  
Social Responsibility ◽  
Older Workers ◽  
Social Impact ◽  
Dynamic Capabilities ◽  
Capabilities Approach ◽  
Colleges And Universities ◽  
Global Context ◽  
Social Responsibilities ◽  
The Social

The social responsibilities of higher education serve as the foundation for its existence. Within an increasingly global context, society expects colleges and universities to undertake new and increasingly complex social responsibilities that expand traditional higher education missions while emphasizing new obligations such as economic development and sustainability. Higher education institutions have responded by adding new programs and services—such as new degree programs, equity and inclusion offices, and training for older workers—and aggressively pursuing new sources of revenue in support of their missions. Despite these considerable efforts, there is a growing sense that higher education is not adequately fulfilling its social responsibilities. We contend that these trends do not stem from intransigence, but are instead symptomatic of the need for strategic management frameworks tailored to the unique social responsibilities and impacts of higher education. To this end, we introduce a strategic social responsibility framework based on the emergent concept of dynamic capabilities. Strategic social responsibility emphasizes the establishment and continuing renewal of an orchestration infrastructure that enables colleges and universities to maximize their social impact through the alignment of strategy and resources. Implications for future scholarship and policy are discussed.

Leadership in Social Entrepreneurship

2017 ◽  
pp. 768-789
Author(s):  
Jorge Colvin Díez ◽  
José Manuel Saiz-Alvarez
Keyword(s):  
Social Entrepreneurship ◽  
Social Impact ◽  
Evolutionary Process ◽  
Social Value ◽  
Social Entrepreneur ◽  
Social Entrepreneurs ◽  
New Concepts ◽  
The Social ◽  
Theories Of Leadership ◽  
Indirect Action

The social entrepreneur has been analyzed from many perspectives, either from its social impact, its proposed social value, or its direct or indirect action. This chapter attempts to analyze the entrepreneur from a new approach: the perspective of the leader. Therefore, the question arises: is leadership in social entrepreneurs an evolutionary process or not? Is it a natural ability or a learned technique? Is the social entrepreneur a leader born or made? To answer this, [1] we will analyze the main contemporary theories of leadership from two different paradigms (Colvin, 2013), [2] we will define new concepts in the world of social entrepreneurship, [3] we will establish a life cycle of strategic leadership promoted by the social entrepreneur focused on his or her organization in order to serve as a seed for the intended social impact.

Public managers’ perception of exploitative and explorative innovation: an empirical study in the context of Spanish municipalities

2020 ◽  
pp. 002085231989468
Author(s):  
Jose M. Barrutia ◽  
Carmen Echebarria
Keyword(s):  
Economic Value ◽  
Social Value ◽  
Negative Interaction ◽  
Local Authorities ◽  
Public Managers ◽  
The Social ◽  
Network Identification ◽  
Research Findings ◽  
Public Organisations ◽  
Positive Effect

This article studies the contribution of exploitative and explorative innovation to the perceptions of economic and social value of local authorities in charge of sustainability-related innovation. The model proposed is tested capturing the perceptions of 656 local authorities. The research findings contribute evidence of complex linkages between innovation forms (i.e. exploitative and explorative) and facets of perceived value. Overall, the link between the perceptions of both forms of innovation and economic value fits March’s (1991) view. A positive effect of both exploitative and explorative innovation on economic value is found, coupled with a negative interaction effect. The influence of exploitative innovation is stronger than that of explorative innovation. However, this is only part of the story. We also consider the link between exploitative/explorative innovation and one additional facet of value: social value (in the form of network identification). The roles of both predictors are virtually opposite: identification is mostly explained by explorative innovation, rather than exploitative innovation. The social value dimension considered in this research adds an explanation as to why public organisations may focus on exploration or combine both exploitation and exploration. Points for practitioners • Public managers may focus on exploitative innovation (when economic value considerations are dominant) and on explorative innovation (when social value thinking prevails), or combine both activities. • Network promoters should not assume that public managers favour exploitative innovation over explorative innovation.

Social value analysis: the case of Pompeu Fabra University

2020 ◽  
Vol 11 (1) ◽  
pp. 233-252 ◽  
Author(s):  
Silvia Ayuso ◽  
Pablo Sánchez ◽  
José Luis Retolaza ◽  
Mònica Figueras-Maz
Keyword(s):  
Market Value ◽  
Research Process ◽  
Social Value ◽  
Data Availability ◽  
Value Analysis ◽  
Social Accounting ◽  
Content Type ◽  
The Social ◽  
Accounting Model ◽  
The University

Purpose This paper aims to explore how to quantify the social value generated by higher education from a social accounting perspective. The proposed approach is integrated social value (ISV) analysis, a social accounting model that considers both the economic value and the social value created by an organisation for its stakeholders. Design/methodology/approach The ISV analysis has been applied to Pompeu Fabra University, following a participatory action research process with representatives of the university and its stakeholders. Findings The final ISV includes not only the social value created through the university’s economic activity – captured by economic and financial accounting indicators – but also the specific social value created for the different stakeholders by means of non-market relationships, which were monetised through the use of indicators and financial proxies. Research limitations/implications Like other social accounting methodologies, ISV analysis suffers from some limitations regarding data availability and economic pricing, that partly will be resolved with maturation of the methodology and increasing standardisation. Practical implications By using appropriate proxies, the non-market value of the university can be monetised and integrated with university’s market value. The social value results become a valuable tool for developing useful indicators for internal management and external communication. Social implications The process of measuring the social value created by universities provides a way to meet the rising demands for greater accountability and transparency and facilitates engagement with stakeholders on how these institutions are contributing to a sustainable society. Originality/value ISV is a recently proposed social accounting model that combines an organisation’s economic and social results into a single concept of value creation and thus contributes to advance the field of social accounting.

scholarly journals Economic and social impact of marine sport and recreational fisheries in Croatia

2018 ◽  
Vol 76 (4) ◽  
pp. 154-163
Author(s):  
Alen Soldo ◽  
Maja Fredotović ◽  
Ante Šaran ◽  
Merica Slišković ◽  
Vice Mihanović ◽  
...  
Keyword(s):  
Rural Areas ◽  
Social Impact ◽  
Economic Value ◽  
Economic Effects ◽  
Recreational Fishing ◽  
Recreational Fisheries ◽  
Social Significance ◽  
National Budget ◽  
Marine Fishery ◽  
The Social

Abstract Sport and recreational marine fishery can significantly contribute to the national budget through its economic and social effects. The main aim of this research is to define the economic and social significance of sport and recreational fishing in Croatia through the assessment of the lower limit of its economic value. This is done by analyzing the segments of sport and recreational fishing together with the economic and other activities which are closely related to it. When expressed by the number of stakeholders involved in sport and recreational fisheries and the share in the gross domestic product, it can be concluded that the economic effects of these activities are only slightly lower than in commercial fisheries. This research provides the groundwork for pointing out the basic guidelines of the social significance of sport and recreational marine fishery in Croatia. Hence, it can be noted that sport and recreational fishing in local coastal communities support the overall development of rural areas and the local communities in particular.

scholarly journals Disclosure of Social-Economic Value in the Social Enterprise. Stimuli from an Italian Multiple Case Study

2020 ◽  
Vol 13 (6) ◽  
pp. 53
Author(s):  
Antonietta Cosentino
Keyword(s):  
Economic System ◽  
Economic Value ◽  
Multiple Case Study ◽  
Value Added ◽  
Well Being ◽  
Social Enterprises ◽  
Social Value ◽  
The Social ◽  
Multiple Case

The growing interest in the financial, social and environmental sustainability of all organizations as a whole, as well as the growing sentiment for their responsibility towards the community, lead organizations to face the challenge of evaluating and communicating their non-financial performance through the social accounting. The issue assumes a peculiar meaning within social enterprises (SEs) aimed at pursuing the general interest. In these organizations, the disclosure of the value created for both internal and social stakeholder raises to rank of survival condition because the development, reputation and credibility of the SEs are closely linked to the institution's ability to reach and communicate externally the social value created. This work aims to highlight the peculiar resources of the SEs and demonstrate that, in most cases, they allow SEs to achieve financial sustainability. Social and economic value will be assessed and the share of income that cannot be distributed, regardless of the relevant regulatory provisions, will be emphasized. To achieve these goals, a multiple case study is used to measure the value added distributed to internal and external stakeholders by adapting Mook model to SEs. The results show that volunteering and donations contribute not only to the social value generated by SEs but to their economic sustainability as well, being considered as the engine of development of the economic system as a whole. This paper contributes to the literature by focusing on the contribution of liberalities and volunteering to consolidate the financial structure of the SE and to development of the economic system as a whole.

scholarly journals Exploring the moral compass

2018 ◽  
Vol 1 (2) ◽  
pp. 242-271 ◽  
Author(s):  
Rosina Márquez Reiter ◽  
Sara Orthaber
Keyword(s):  
Social Life ◽  
Service Providers ◽  
Economic Value ◽  
New Members ◽  
Social Responsibilities ◽  
Moral Indignation ◽  
Public Displays ◽  
Cross Border ◽  
The Social ◽  
The World

Abstract With the advent of the internet and social media, car and vanpooling have become easily available alternatives to public transport in many parts of the world. This paper draws on publicly available data from a Facebook car and vanpooling group used by Slovenian cross-border commuters to make their journeys to and from Austria more economically sustainable. It examines public displays of moral indignation following allegations of malpractice by relatively new members whose whole purpose in joining the group was to earn a living from driving vans across borders. Vanpool users collaboratively denounce van service providers for transgressing some of the social responsibilities that ought to bind members of the group together and for their lack of accountability. The accusations which entail exaggerations, complaints, insults and threats, among other hostile verbal attacks, convey moral indignation and are similarly resisted and challenged by the drivers. They offer a window into conflicting behavioural expectations at a time of socioeconomic change and transition. The alleged lack of van providers’ accountability which, in turn, informs the van users’ displays of moral indignation is indicative of the moral relativism that emerges as a result of the relocalisation and, the nature of a contemporary global practice at a time when changes in social life are underway. The primacy of the economic return that car and vanpooling offers service providers and cross-commuters with is oriented to by the former as outstripping the social responsibilities typically related to the provision of the regulated services, and by the latter, as morally unjustifiable despite acknowledging its economic value.

scholarly journals Social value creation by multinational enterprises

2019 ◽  
Vol 16 (1) ◽  
pp. 47-75 ◽  
Author(s):  
Asmund Rygh
Keyword(s):  
Value Creation ◽  
Multinational Enterprises ◽  
Economic Value ◽  
Theory Development ◽  
Social Value ◽  
Content Type ◽  
Financial Outcomes ◽  
The Social ◽  
Social Value Creation

Purpose This study aims to discuss an argument that the social value creation of multinational enterprises (MNEs), beyond creating economic value for the shareholders, could be the next “big question” for international business (IB) research. The authors also provide examples of promising research topics associated with this research agenda. Design/methodology/approach The paper is conceptual. Findings Although a new paradigmatic question for IB in terms of social value creation would lead IB outside familiar territory in terms of the previous focus on financial performance, IB scholars are well equipped to take on this broader question. IB scholars arguably have their key strengths in understanding the inner workings of firms, as well as in understanding the role of context for business. Moreover, to the extent that this new agenda requires IB scholars to acquire new capabilities and form new partnerships with relevant disciplines, this could contribute to revitalising the IB field. As illustrated by the suggested topics, such an agenda could both increase the relevance of IB research and contribute to theory development. Originality/value The paper is amongst the first to explore the notion that a broader view of the outcome of MNE activities, beyond MNEs’ own financial outcomes, should be a key goal of future IB research.

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