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Article
Publication date: 8 April 2014

Malin Arvidson, Fraser Battye and David Salisbury

This paper seeks to illustrate the social and economic impact of services delivered by a small charity to families affected by post-natal depression (PND). It highlights…

1902

Abstract

Purpose

This paper seeks to illustrate the social and economic impact of services delivered by a small charity to families affected by post-natal depression (PND). It highlights challenges and offers insights to the meaning of “social value” and “value for money” for commissioners of public health services. This has relevance for the introduction of new policies regarding commissioning.

Design/methodology/approach

The analysis is based on a social return on investment (SROI) approach. Evidence was gathered from quantitative data, interviews and a literature review. The analysis examined short-, medium- and long-term effects, and attributed monetary values to social outcomes.

Findings

The service provides a return of £6.50 for every £1 invested. The analysis established outcomes for service users and long-term impacts on families and children. It illustrated how these services are important in achieving more appropriate service responses, providing value for money to the NHS. Findings also relate to the definition of “social value” and “value for money”.

Research limitations/implications

There is no common accepted method for identifying financial values for a number of the benefits identified in this analysis. By being transparent in how the analysis was carried out, the paper encourages further critical thinking in this area.

Practical implications

Engaging commissioners in this type of analysis may assist them in the use of economic evaluation that includes social values as an input to decision making.

Originality/value

The paper contributes to the understanding of “social value” and “value for money” in the context of public services. This is of importance given that the Social Value Act and “Open Public Services” reform are being implemented in the UK.

Details

International Journal of Public Sector Management, vol. 27 no. 3
Type: Research Article
ISSN: 0951-3558

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Article
Publication date: 4 September 2023

Mikkel Munksgaard Andersen

This study investigates barriers to social impact bond (SIB) implementation through a review of academic and gray literature. A SIB is a type of public policy instrument that…

281

Abstract

Purpose

This study investigates barriers to social impact bond (SIB) implementation through a review of academic and gray literature. A SIB is a type of public policy instrument that leverages payment for performance (P4P), contracting together with private investments in the delivery of welfare programs. Outcome-based contracts, such as SIBs, are gaining attraction for public service providers in developed countries, but research regarding their implementation remains underexplored both empirically and theoretically.

Design/methodology/approach

A literature review is conducted in which two types of documents are included: (1) empirical research papers and (2) evaluations of completed SIB projects. In total, 43 documents have been investigated. The study engages in a comparative design where insights across sectors (healthcare, social care and employment/education), are leveraged. The insights rest on evidence from the UK and US.

Findings

The investigation reveals five types of barriers to SIB implementation related to: (1) the SIB model, (2) organizational competencies, (3) data infrastructure, (4) stakeholder engagement and (5) the institutional context. The study discusses ways of managing these barriers and develops a conceptual framework for empirically investigating SIB implementation.

Originality/value

This study is the first academic paper to systematically assess insights regarding the implementation of SIBs. Also, the article proposes a conceptual framework for investigating SIB implementation.

Details

International Journal of Public Sector Management, vol. 36 no. 6/7
Type: Research Article
ISSN: 0951-3558

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Article
Publication date: 12 June 2009

David Anning, Dale Dominey‐Howes and Geoff Withycombe

The purpose of this paper is to demonstrate the critical need for economic information to inform the selection of coastal management options for the beaches of the Sydney region…

1324

Abstract

Purpose

The purpose of this paper is to demonstrate the critical need for economic information to inform the selection of coastal management options for the beaches of the Sydney region and to outline the project currently under way to address this information gap.

Design/methodology/approach

The critical need for the current case study is framed through presenting a summary of the threats posed by current climate change projections, the legislative requirements for economic valuation of natural resources, and the role which economics can play in selection of appropriate coastal management options in response to climate change impacts.

Findings

The paper presents the valuation methods that were selected for use in the Sydney Beaches Valuation Project and outlines the rationale behind their selection.

Originality/value

No current, empirical estimates of the economic value of Sydney beaches are available, which means that managers must use estimates from studies which may not reflect the unique characteristics of either the Sydney beaches or the social context. The results of the study, in terms of both unit measures of economic value and lessons learned during the survey design process, will therefore be of great value to coastal managers in the Sydney region. An external link provides details of the mixed mode survey instrument, which can be used to inform the design of other similar studies. Given the critical role of economic appraisal methods in selection of coastal management alternatives, the survey structure is potentially of great use to coastal managers in similarly threatened coastal locations elsewhere.

Details

Management of Environmental Quality: An International Journal, vol. 20 no. 4
Type: Research Article
ISSN: 1477-7835

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Article
Publication date: 1 April 2001

Sandy Bond

The “stigma” associated with remediated contaminated land is the blighting effect on property value caused by perceived risk and uncertainty. Uncertainties relate to negative…

1220

Abstract

The “stigma” associated with remediated contaminated land is the blighting effect on property value caused by perceived risk and uncertainty. Uncertainties relate to negative intangible factors such as the inability to effect a total “cure”, the risk of failure of the remediation method, the risk of changes in legislation or remediation standards, the difficulty in obtaining finance, or simply a fear of the unknown. Post‐remediation “stigma” is the residual loss in value after all costs of remediation, including insurance and monitoring, have been allowed for. It equates to the difference in value between a remediated contaminated site and a comparable “clean” site with no history of contamination. The initial results from a study of the market sales data of post‐remediated vacant residential land along the Swan River, in Perth, Western Australia, from 1992‐1998 are summarized. The aim of this ongoing research is to estimate the amount of “stigma” arising from a site’s contamination history and measure the effect of this on residential property values of remediated property. The results show that while a site’s contamination history impacts negatively on property prices, the price decreases are offset by the positive influence on price from additional amenities provided in the case study neighbourhood.

Details

Journal of Property Investment & Finance, vol. 19 no. 2
Type: Research Article
ISSN: 1463-578X

Keywords

Available. Open Access. Open Access
Article
Publication date: 10 March 2022

Luigi Corvo, Lavinia Pastore, Marco Mastrodascio and Denita Cepiku

Social return on investment (SROI) has received increasing attention, both academically and professionally, since it was initially developed by the Roberts Enterprise Development…

13532

Abstract

Purpose

Social return on investment (SROI) has received increasing attention, both academically and professionally, since it was initially developed by the Roberts Enterprise Development Fund in the USA in the mid-1990s. Based on a systematic review of the literature that highlights the potential and limitations related to the academic and professional development of the SROI model, the purpose of this study is to systematize the academic debate and contribute to the future research agenda of blended value accounting.

Design/methodology/approach

Relying on the preferred reporting items for systematic reviews and meta-analyses approach, this study endeavors to provide reliable academic insights into the factors driving the usage of the SROI model and its further development.

Findings

A systematic literature review produced a final data set of 284 studies. The results reveal that despite the procedural accuracy characterizing the description of the model, bias-driven methodological implications, availability of resources and sector specificities can influence the type of approach taken by scholars and practitioners.

Research limitations/implications

To dispel the conceptual and practical haze, this study discusses the results found, especially regarding the potential solutions offered to overcome the SROI limitations presented, as well as offers suggestions for future research.

Originality/value

This study aims to fill a gap in the literature and enhance a conceptual debate on the future of accounting when it concerns a blended value proposition.

Details

Meditari Accountancy Research, vol. 30 no. 7
Type: Research Article
ISSN: 2049-372X

Keywords

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