INNOVATIVE MEASUREMENT OF SOCIAL VALUE BLENDING THE PUBLIC, PRIVATE AND THIRD SECTORS IN THE UK

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11240%2F16%3A10325881" target="_blank" >RIV/00216208:11240/16:10325881 - isvavai.cz</a>

Result on the web

<a href="http://imecs.vse.cz/wp-content/uploads/2015/08/IMECS-2016-Full-Papers.pdf" target="_blank" >http://imecs.vse.cz/wp-content/uploads/2015/08/IMECS-2016-Full-Papers.pdf</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.18267/pr.2016.svo.2153.4" target="_blank" >10.18267/pr.2016.svo.2153.4</a>

Result language

angličtina

Original language name

INNOVATIVE MEASUREMENT OF SOCIAL VALUE BLENDING THE PUBLIC, PRIVATE AND THIRD SECTORS IN THE UK

Original language description

In contemporary society there is an increasing importance attached to measuring social value and social impact organizations in the public, private and third sector create. In particular public and third sector organisations as a result of ongoing austerity measures face persistent uncertainties in regard to revenues which impact upon services and need to prove quality, efficiency, purpose and transparency for varied stakeholders including commissioners, funders grant stipulations, oversight agencies, and community. This paper presents results of three social value analyses: a) Willmott Dixon a private company in the construction and property sector (2014), b) Made in Corby third sector arts project, Northamptonshire (2015), c) West Midlands Fire Service (2015) public sector procurement pilot. The chosen quantitative methodology for social value analyses is the Social Earnings Ratio (S/E Ratio) the fastest growing metric currently being adopted in the field of social value measurement, a disruptive, social innovative metric based on international General Accounting Principles (GAP) converting sentiment into financial value. The approach has been developed by the UK based Centre for Citizenship, Enterprise and Governance (CCEG) providing a low cost, high volume measure of social impact intangibles or social value providing a single benchmarkable metric of organisations across all sectors.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

AH - Economics

OECD FORD branch

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Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Innovation Management, Entrepreneurship and Corporate Sustainability

ISBN

978-80-245-2153-4

ISSN

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e-ISSN

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Number of pages

11

Pages from-to

247-257

Publisher name

Vysoká škola ekonomická v Praze, Nakladatelství Oeconomica

Place of publication

Praha

Event location

Vysoká škola ekonomická v Praze

Event date

May 26, 2016

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

000386957700022