Social value in the orange economy: social accounting applied to museums

San-José, Leire; García-Merino, Jose-Domingo; Retolaza, José Luis

doi:10.1080/09647775.2021.2023901

Cited by 10 publications

(8 citation statements)

References 47 publications

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“…Notably, this variable was the only variable that had a significant positive influence on sustainability policy in all three models. One possible explanation might be that the mission of museums and the purpose for which they exist is to improve the quality of people's lives by creating social value [93], which cannot be achieved without consultation from and involvement by locals in museum activities. While the main purpose of private companies is to make a profit, museums exist to generate a positive socio-cultural impact on their communities.…”

Section: Discussionmentioning

confidence: 99%

Predictors of Adopting a Sustainability Policy in Museums

Pop,

Ighian,

Toader

et al. 2024

Sustainability

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This paper aims to identify certain factors that may influence museums’ success in adopting and implementing a sustainability policy. The research hypotheses were formulated based on an in-depth study of the literature and subsequently tested using classical linear regression methodology. The empirical research is based on 86 Romanian national questionnaires collected in October and November 2016, which tracked museums’ self-reported sustainability practices. To examine the relationships between sustainability policy and independent variables, we developed three generalized linear regression models. Our results revealed that environmental behavior and some components of social responsibility (heritage exposure and community involvement) have a positive impact on implementing sustainability policies and principles within museums. Surprisingly, economic performance did not prove to have a significant influence on sustainability policy, suggesting that financial autonomy, efficiency, and productivity are not essential elements in fostering a sustainable mindset within museums. The developed models serve as valuable tools for museum managers, providing guidance in adopting appropriate managerial decisions to achieve sustainability goals. Furthermore, the empirical research offers new insights that enhance and advance current knowledge and research in the field of sustainable management in museums.

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Section: Discussionmentioning

confidence: 99%

Predictors of Adopting a Sustainability Policy in Museums

Pop,

Ighian,

Toader

et al. 2024

Sustainability

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“…One of the advantages of choosing money as a value unit is that it facilitates the interpretation and comparability of results. This methodology has already been applied to various industries, as shown by Retolaza and San-Jose (2021), and specific case studies, for example, the case of museums in San-Jose et al. (2022), of universities in Ayuso et al.…”

Section: Methodsmentioning

confidence: 99%

Monetizing social value in sports clubs

Leiñena

San-José²,

García-Merino³

2022

SBM

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PurposeEuropean elite professional basketball clubs do not pursue economic profit maximization per se, but they also seek to create social value for stakeholders due to the community outreach and the emotional bonding that such organizations create. Here the purpose of this paper is to use an accounting system called social accounting to measure the social effects of an organization's activity in an effort to monetize and describe the holistic value created by these sports organizations for their stakeholders.Design/methodology/approachThis study applies an adapted, redesigned social accounting using SPOLY methodology to two elite basketball clubs in the ACB League (Spanish First Division), in order to monetize their social value. This methodology integrates non-market social value (value created for stakeholders without a financial transaction) with market social value (value created for stakeholders through market transactions), by monetizing validated dimensions for non-market and market social value obtained via information provided by clubs and their financial statements.FindingsClubs create a quantifiable social value for stakeholders through non-market and market dimensions. Value creation is not merely restricted to securing financial profit for shareholders but rather takes on another dimension in which the various stakeholders receive a holistic value from clubs.Originality/valueThis study provides evidence that clubs generate a quantifiable social value for their stakeholders that complements their economic value. This can help clubs to set up their own narrative concerning value creation for stakeholders and enable them to convey and manage the overall distributed value for stakeholders.

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“…However, it often has significant social and environmental impacts on the communities it serves. There is a rising interest in examining the relationship between tourism and social value (Silva et al, 2024;Milne et al, 2024;San-Jose et al, 2023). Social value, which refers to the positive or negative impacts that tourism can have on local communities, has gained attention in recent years.…”

Section: Introductionmentioning

confidence: 99%

Turizm Araştırmaları III

Nazlı,

Güneş Kaya,

Önder

et al. 2024

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Ekonomik, sosyal, kültürel ve çevresel anlamda her alanda etkili bir sektör olarak turizm sektörünün önemi her geçen gün daha da artmaktadır. Etki alanının ve öneminin artması turizm alanındaki araştırmaları da önemli kılmaktadır. Bu kitabın temel amacı, turizm alanında gerçekleştirilecek araştırmalar sayesinde farklı bir bakış açısıyla sektörün ele alınmasına olanak sağlamak ve tüm paydaşlar için verimli bir turizm gelişiminin gerçekleştirilmesine katkı sağlamaktır.

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Social value in the orange economy: social accounting applied to museums

Cited by 10 publications

References 47 publications

Predictors of Adopting a Sustainability Policy in Museums

Predictors of Adopting a Sustainability Policy in Museums

Monetizing social value in sports clubs

Turizm Araştırmaları III

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