Applying of Social Return on Investment (SROI): A Practical Review to Financial Social Value and Benefits
DOI:
https://doi.org/10.32734/jsti.v26i1.11250Keywords:
Benefit, Social Return on Investment, Social Value, SocietyAbstract
The objective of the study is to analyze a Social Return on Investment method for companies. Data were collected from scientific publications from 2007 to 2022 and selected based on previous studies. The main principle is to explore, review, and formulate the benefits and contributions of all research, as well as the application of various types of SROI. The methodology resulted in 13 articles that identified the social values and benefits of SROI over the last decade. The results obtained in this paper were reviewed using tables for advanced analysis. Additionally, this study presents qualitative results and investigates methodical publications that have had a significant impact on the company.
Downloads
References
K. J. Watson and T. Whitley, “Applying Social Return on Investment (SROI) to the built environment,” Building Research and Information, vol. 45, no. 8. Routledge, pp. 875–891, Nov. 17, 2017. doi: 10.1080/09613218.2016.1223486.
G. Lombardo, A. Mazzocchetti, I. Rapallo, N. Tayser, and S. Cincotti, “Assessment of the economic and social impact using SROI: An application to sport companies,” Sustainability (Switzerland), vol. 11, no. 13, Jul. 2019, doi: 10.3390/su11133612.
D. J. Kim and Y. S. Ji, “The evaluation model on an application of SROI for sustainable social enterprises,” Journal of Open Innovation: Technology, Market, and Complexity, vol. 6, no. 1, Mar. 2020, doi: 10.3390/joitmc6010007.
O. Weber, “Impact measurement in microfinance: Is the measurement of the social return on investment an innovation in microfinance?,” Journal of Innovation Economics & Management, vol. n°11, no. 1, pp. 149–171, Mar. 2013, doi: 10.3917/jie.011.0149.
E. Willis, A. C. Semple, and H. de Waal, “Quantifying the benefits of peer support for people with dementia: A Social Return on Investment (SROI) study,” Dementia, vol. 17, no. 3, pp. 266–278, Apr. 2018, doi: 10.1177/1471301216640184.
A. Ariza-Montes, A. Sianes, V. Fernández-Rodríguez, C. López-Martín, M. Ruíz-Lozano, and P. Tirado-Valencia, “Social Return on Investment (SROI) to Assess the Impacts of Tourism: A Case Study,” Sage Open, vol. 11, no. 1, 2021, doi: 10.1177/2158244020988733.
N. Thongplew, J. Onwong, R. Kotlakome, and N. Suttipanta, “Approaching circular economy in an emerging economy: a solid-waste reutilization initiative in a small fresh market in Thailand,” Sustainability: Science, Practice, and Policy, vol. 18, no. 1, pp. 665–678, 2022, doi: 10.1080/15487733.2022.2110677.
L. Corvo, L. Pastore, M. Mastrodascio, and D. Cepiku, “The social return on investment model: a systematic literature review,” Meditari Accountancy Research, vol. 30, no. 7. Emerald Group Holdings Ltd., pp. 49–86, Dec. 19, 2022. doi: 10.1108/MEDAR-05-2021-1307.
N. Rotheroe and A. Richards, “Social return on investment and social enterprise: transparent accountability for sustainable development,” Social Enterprise Journal, vol. 3, no. 1, pp. 31–48, Mar. 2007, doi: 10.1108/17508610780000720.
“Social_Return_on_Investment_SROI_a_review_of_the_t (4)”.
S. Durie, J. Inglis, K. Leathem, T. Lumley, and R. Piper, “in association with,” 2012.
P. Courtney and J. Powell, “Evaluating innovation in European rural development programs: Application of the social return on investment (SROI) method,” Sustainability (Switzerland), vol. 12, no. 7, Apr. 2020, doi: 10.3390/su12072657.
S. K. Gupta, “Amity Journal of Commerce and Financial Review An Introduction to Social Return on Investment,” 2019.
B. Biemann Sheila Bonini Jed Emerson Jeremy Nicholls Sara Olsen Stephanie Robertson Peter Scholten Robert Tolmach Drafted by Sara Olsen et al., “A framework for approaches to SROI analysis with the benefit of review and comments from Sarita,” 2005.
J. Ravulo, S. Said, J. Micsko, and G. Purchase, “Utilising the social return on investment (SROI) framework to gauge social value in the fast forward program,” Educ Sci (Basel), vol. 9, no. 4, Dec. 2019, doi: 10.3390/educsci9040290.
A. Bianti Pribadi and F. Sidiq Adi Prabowo, “Analysis Of Social Return on Investment (Sroi) to Measure The Social, Environment, and Economics Impact on The National Fattening Sheep Program (Studi At Pesantren Al-Ittifaq),” 2019.
D. Thia, P. 1*, I. Hidayat, and Y. Gunawan, “Economics Development Analysis Journal Social Return on Investment of PT Badak NGL SALIN SWARA Program Article Information,” Economics Development Analysis Journal, no. 3, 2022, [Online]. Available: http://journal.unnes.ac.id/sju/index.php/edaj
N. Hartfiel, J. Gladman, R. Harwood, and R. Tudor Edwards, “Social Return on Investment of Home Exercise and Community Referral for People With Early Dementia,” Gerontol Geriatr Med, vol. 8, May 2022, doi: 10.1177/23337214221106839.
Published
How to Cite
Issue
Section
Copyright (c) 2024 Jurnal Sistem Teknik Industri
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
The Authors submitting a manuscript do so on the understanding that if accepted for publication, the copyright of the article shall be assigned to TALENTA Publisher Universitas Sumatera Utara as the publisher of the journal.
Copyright encompasses the rights to reproduce and deliver the article in all forms and media. The reproduction of any part of this journal, its storage in databases, and its transmission by any form or medium will be allowed.
