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

Author

Listed:
  • 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
    Department of Business Administration, Universidad Autónoma de Chile, Santiago 425, Chile)

  • Vicente Fernández-Rodríguez

    (Department of Management, Universidad Loyola Andalucía, 14004 Córdoba, Spain)

  • Mª Carmen López-Martín

    (Department of Economy, Universidad Loyola Andalucía, 14004 Córdoba, Spain)

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.

Suggested Citation

  • Mercedes Ruiz-Lozano & Pilar Tirado-Valencia & Antonio Sianes & Antonio Ariza-Montes & Vicente Fernández-Rodríguez & Mª Carmen López-Martín, 2020. "SROI Methodology for Public Administration Decisions about Financing with Social Criteria. A Case Study," Sustainability, MDPI, vol. 12(3), pages 1-16, February.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:3:p:1070-:d:315834
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    References listed on IDEAS

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    1. Kizielewicz Joanna & Winiarska Magdalena & Skrzeszewska Katarzyna & Szelągowska-Rudzka Katarzyna, 2022. "Efficiency of project management in higher education establishments on the example of Gdynia Maritime University," Management, Sciendo, vol. 26(1), pages 164-188, January.
    2. José Pablo Abeal Vázquez & Pilar Tirado-Valencia & Mercedes Ruiz-Lozano, 2021. "The Impact and Value of a Tourism Product: A Hybrid Sustainability Model," Sustainability, MDPI, vol. 13(4), pages 1-14, February.
    3. Antonio Ariza-Montes & Antonio Sianes & Vicente Fernández-Rodríguez & Carmen López-Martín & Mercedes Ruíz-Lozano & Pilar Tirado-Valencia, 2021. "Social Return on Investment (SROI) to Assess the Impacts of Tourism: A Case Study," SAGE Open, , vol. 11(1), pages 21582440209, February.
    4. Antoni F. Tulla & Ana Vera & Carles Guirado & Natàlia Valldeperas, 2020. "The Return on Investment in Social Farming: A Strategy for Sustainable Rural Development in Rural Catalonia," Sustainability, MDPI, vol. 12(11), pages 1-28, June.
    5. Andrea Di Francesco & Maria Pinelli & Emanuele Lettieri & Giovanni Toletti & Manuela Galli, 2023. "Towards a More Inclusive Society: The Social Return on Investment (SROI) of an Innovative Ankle–Foot Orthosis for Hemiplegic Children," Sustainability, MDPI, vol. 15(5), pages 1-15, February.

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