Joint Social-Financial Value Creation In Social Enterprise And Social Finance And Its Implications For Measurement Creation And Measurement Of Profit And Impact In Social Financing

Authored by: Sean Geobey

Routledge Handbook of Social and Sustainable Finance

Print publication date:  June  2016
Online publication date:  June  2016

Print ISBN: 9781138777545
eBook ISBN: 9781315772578
Adobe ISBN: 9781317678830

10.4324/9781315772578.ch22

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Abstract

Social entrepreneurship and the social financing that supports such entrepreneurial activity can be considered as two related strategies for intervening in complex socio-ecological systems while also generating financial returns. These strategies straddle the public, private, and social sectors, yet using any of those three lenses alone would not provide the analytical tools needed to evaluate and compare social entrepreneurial approaches. This chapter argues that there are three categories of value creation here: production synergies, strategic resilience, and increases to adaptive capacity. For social enterprises and social financiers to operationalize their activities, creating these sources of value measurement is critical. However, each category of value creation requires different measurement approaches. Metric, valuation, and learning systems are the three broad measurement approaches needed to operationalize joint social and financial value creation, though the balance between the three approaches will depend on the situational context of the strategy undertaken.

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