Social Return on Investment Analysis Measuring the Impact of Social

This book introduces and explains how to conduct a Social Return on Investment (SROI) analysis. It discusses the various advantages and disadvantages of different research strategies and designs, and explores the different ways in which SROI analysis

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Palgrave Studies in Impact Finance

Series Editor Mario La Torre Sapienza University of Rome Rome, Italy

The Palgrave Studies in Impact Finance series provides a valuable scientific ‘hub’ for researchers, professionals and policy makers involved in Impact finance and related topics. It includes studies in the social, political, environmental and ethical impact of finance, exploring all aspects of impact finance and socially responsible investment, including policy issues, financial instruments, markets and clients, standards, regulations and financial management, with a particular focus on impact investments and microfinance. Titles feature the most recent empirical analysis with a theoretical approach, including up to date and innovative studies that cover issues which impact finance and society globally. More information about this series at http://www.palgrave.com/gp/series/14621

Volker Then · Christian Schober Olivia Rauscher · Konstantin Kehl

Social Return on Investment Analysis Measuring the Impact of Social Investment

Volker Then Centre for Social Investment Heidelberg University Berlin, Germany Christian Schober Competence Centre for Nonprofit Organisations and Social Entrepreneurship WU Vienna University of Economics and Business Vienna, Austria

Olivia Rauscher Competence Centre for Nonprofit Organisations and Social Entrepreneurship WU Vienna University of Economics and Business Vienna, Austria Konstantin Kehl Institute of Management and Social Policy ZHAW Zurich University of Applied Sciences Zurich, Switzerland

Palgrave Studies in Impact Finance ISBN 978-3-319-71400-4 ISBN 978-3-319-71401-1  (eBook) https://doi.org/10.1007/978-3-319-71401-1 Library of Congress Control Number: 2017959318 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover credit: tas10/Moment/G