Polyhedral Model: Social Value Model for Stakeholders

Retolaza, José Luis; San-José, Leire; Ruiz-Roqueñi, Maite

doi:10.1007/978-3-319-13377-5_6

Cited by 4 publications

(36 citation statements)

References 17 publications

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“…The ISV model (Retolaza et al, 2014 , 2016 ) is a social accounting system, or “accounting that goes beyond economic-financial aspects” (Gray, 2002 ). It is characterized by combining qualitative and quantitative analysis to express in a single monetary measure the value that an organization generates, and its stakeholders perceive as such (Ayuso et al, 2020b ).…”

Section: The Integrated Social Value Modelmentioning

confidence: 99%

“…The ISV model starts from the premise that an entity's results are transformed into value only when someone else values them (Retolaza et al, 2014 , 2016 ). This analytical method is the phenomenological approach (Moustakas, 1994 ), which implies understanding the meaning for people who are related to or are affected by an entity, which implies the experience of interaction with it or what results from it.…”

Section: The Integrated Social Value Modelmentioning

confidence: 99%

“…This is carried out following a bottom-up approach, and from the perspective of measuring the social value urban food markets generate. The Integrated Social Value model is used (Retolaza et al, 2016 ), and it is applied to the case study of the Mercado de Nuestra Señora de África (Market of Our Lady of Africa), located in the city of Santa Cruz de Tenerife (Canary Islands), and managed by a cooperative company. The main contribution of this research is that it provides a system for monitoring the contribution to the social sustainability of an urban public space managed under a Social Economy framework.…”

Section: Introductionmentioning

confidence: 99%

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Social Value and Urban Sustainability in Food Markets

et al. 2021

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Urban food markets can promote sustainable development through the generation of social value in the spaces where they are located and contribute to sustainability on a global scale. To measure this, indicators are required to evaluate and monitor these markets. Studies in this regard are scarce and often developed according to top-down schemes. This study seeks to remedy this relative deficiency and aims to design specific social sustainability metrics for these organizations from a bottom-up perspective. The Integrated Social Value model is used. This social accounting system is considered appropriate in this study due to the phenomenological approach on which it is based and is applied to a service cooperative located in the Canary Islands. The main contribution of this work is that new social sustainability indicators are obtained and applied to the analysis of an entity, and they are relevant and understandable to stakeholders. This would provide, in future developments, a system of sustainability indicators for similar organizations in Spain.

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Section: The Integrated Social Value Modelmentioning

confidence: 99%

Section: The Integrated Social Value Modelmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Social Value and Urban Sustainability in Food Markets

et al. 2021

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“…Therefore, as shown in the following table, using the accounting values from ORBIS Platform we can calculate the social value (SV-SIEA) for each stakeholder. Source: Own elaboration based on (Retolaza et al, 2016a;Retolaza et al, 2016b), data source ORBIS Platform (Bureu Van Dijk -A Moody's Analytics Company). Table 2 shows the calculation proxies used to estimate the social value (SV-SIEA) for each stakeholder.…”

Section: Adapting Of the Spoly Model Procedures To The Stp Contextmentioning

confidence: 99%

“…Specifically, for some stakeholders (i.e. customers, shareholders and the company itself) the SV-SIEA corresponds to the value of the accounting item associated with them: for customers the SV-SIEA corresponds to the sales made by the company (see Sales ORBIS ), for shareholders it corresponds to the company's net operating result (see P/L after tax ORBIS ) and for the company it is the amount of depreciation (see Depreciation & Amortization ORBIS ) (Retolaza et al, 2016b). To be precise, the latter value is considered as the SV-SIEA retained by the company, which added to the SV of the other stakeholders constitutes the total SV-SIEA generated and distributed by the company under analysis.…”

Section: Adapting Of the Spoly Model Procedures To The Stp Contextmentioning

confidence: 99%

Science and technology parks: measuring their contribution to society through social accounting

2020

Self Cite

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Science and Technology Parks (STPs) have made a positive contribution to regional development in the last decades. In general, the assessment of their level of performance has been based on two major variables: number of new companies and number of new jobs created. In this paper we propose the use of social accounting to measure the social value (SV) generated by STPs as an additional tool to assess the level of contribution of STPs to social development. Social accounting could be of interest for policy makers and regional governments in order to evaluate regional STPs and their social performance. In addition, in this paper we present an innovative methodology for calculating SV. Instead of using primary data to calculate SV (through interviews or consultations with individual stakeholders), we propose the use of secondary data available in open databases to measure SV. In this way, the measurement of SV for a large number of individual organizations can be achieved using a limited amount of resources. In this line, and as a seminal implementation of this methodology, we calculate the SV generated by four STPs in two different regions and countries belonging to the European Union using secondary data. Thus, the main contribution of the paper is twofold: on one hand it proposes social accounting to assess the performance of STPs through the calculation of SV, and on the other hand it implements a new methodology to calculate SV which requires the use of a lesser number of resources.

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Measuring the social sustainability of hotels: a case study from the Canary Islands

Guzmán-Pérez

Jiménez

Pérez-Monteverde

2022

IJCHM

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Purpose This study aims to demonstrate the derivation of social sustainability metrics that guide the decision-making of hotel managers regarding sustainability strategies based on the case study of Hotel Tigaiga in the Canary Islands, using a noninstrumental approach of the stakeholder theory. Design/methodology/approach The analytic–synthetic method of integrated social value (ISV) was used. Data were collected through semi-structured interviews with the stakeholders’ representatives, direct observations and relevant documents. Findings Metrics referring to hotel outputs valued by stakeholders and expressed in monetary terms were obtained. Research limitations/implications The findings cannot be directly applied to a similar hotel. Applying the ISV model to a set of similar hotels to standardize outputs and proxies is necessary. Practical implications The results can guide efforts to increase the effectiveness and efficiency of Hotel Tigaiga’s social sustainability strategies. Originality/value Research on measuring the sustainability of hotels in terms of generating maximum value for society is limited. This study is unique because it demonstrates the process of deriving comprehensible indicators to guide hotel managers toward social sustainability.

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Polyhedral Model: Social Value Model for Stakeholders

Cited by 4 publications

References 17 publications

Social Value and Urban Sustainability in Food Markets

Social Value and Urban Sustainability in Food Markets

Science and technology parks: measuring their contribution to society through social accounting

Measuring the social sustainability of hotels: a case study from the Canary Islands

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