{"title":"The Tentative Promise of Social Return on Investment","authors":"Kim M. Siegal","doi":"10.1177/10982140211072420","DOIUrl":null,"url":null,"abstract":"Social return on investment (SROI), an evaluation method that compares monetized social value generated to costs invested, is in ascendance. Conceptually akin to cost–benefit analysis, it shares some of its challenges; however, these are heightened due to the expressed promise of using SROI to compare programs and inform philanthropic and public investment decisions. In this paper, I describe the landscape of SROI studies to date, including a review of a representative sample of SROI evaluations, which have been vetted by Social Value International. I also draw on the experience of an organization that has used SROI in earnest as a decision-making tool to provide an assessment of both the methods that underpin it and the ways in which it is applied. I conclude by offering some recommendations to consider to get the most value from this evaluation method while avoiding some potential pitfalls.","PeriodicalId":51449,"journal":{"name":"American Journal of Evaluation","volume":null,"pages":null},"PeriodicalIF":1.1000,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"American Journal of Evaluation","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.1177/10982140211072420","RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"SOCIAL SCIENCES, INTERDISCIPLINARY","Score":null,"Total":0}
引用次数: 0
Abstract
Social return on investment (SROI), an evaluation method that compares monetized social value generated to costs invested, is in ascendance. Conceptually akin to cost–benefit analysis, it shares some of its challenges; however, these are heightened due to the expressed promise of using SROI to compare programs and inform philanthropic and public investment decisions. In this paper, I describe the landscape of SROI studies to date, including a review of a representative sample of SROI evaluations, which have been vetted by Social Value International. I also draw on the experience of an organization that has used SROI in earnest as a decision-making tool to provide an assessment of both the methods that underpin it and the ways in which it is applied. I conclude by offering some recommendations to consider to get the most value from this evaluation method while avoiding some potential pitfalls.
期刊介绍:
The American Journal of Evaluation (AJE) publishes original papers about the methods, theory, practice, and findings of evaluation. The general goal of AJE is to present the best work in and about evaluation, in order to improve the knowledge base and practice of its readers. Because the field of evaluation is diverse, with different intellectual traditions, approaches to practice, and domains of application, the papers published in AJE will reflect this diversity. Nevertheless, preference is given to papers that are likely to be of interest to a wide range of evaluators and that are written to be accessible to most readers.