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Insights for Measuring Social Value

Classification of Measures Related to the Capabilities Approach

Bibliographic Data

ID12250244
AuthorsShoko Kato (0000-0002-2969-972X, corresponding author), Shena Ashley, Shena R Ashley, Rasheda L Weaver (0000-0001-9931-105X)
Year2017
Volume29
Issue3
Pages558-573
Publication date2017-08-24
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueVoluntas Revista Internacional de Filosofia (JOURNAL)
Journal identifiersISSN: 2179-3786 • E-ISSN: 1573-7888
PublisherSpringer Science+Business Media (PUBLISHER • DE)
DOI10.1007/s11266-017-9912-7
OpenAlexW2746557354
LanguageEN
Citations received8
References cited54

The measurement of performance and the evaluation of social change efforts are vital yet challenging issues for practitioners and researchers in the social sector. Although tools exist to measure social value, they tend to focus on converting non-monetary costs and benefits into monetary terms to demonstrate the cost-effectiveness of operations. The capabilities approach provides a value-based alternative that could potentially enable a broader assessment of a project’s impact; this approach encapsulates societal-level factors, beneficiary perspectives, and a more holistic view of a beneficiary’s life. Ultimately, our goal is to raise the following question in the social sector field: what might a capabilities approach to social value measurement that is suitable for practical application by social sector organizations look like? The purpose of this article is to introduce the theoretical framework and to present what some of the measures and instruments might look like, at least in part, based on applications in other contexts

Beneficiary · Business · Data science · Economics · Field (mathematics · Knowledge management · Management science · Risk analysis (engineering · Value (mathematics · Computer Science · Income, Poverty, and Inequality · Psychological Well-being and Life Satisfaction · Sustainable Development and Environmental Policy

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Unique citing works8
Citations per year1
Citation span2018 - 2026 (9)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 8

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