Analisis social return on investment program CSV berbasis ekonomi sirkular untuk pemberdayaan UMKM
DOI:
https://doi.org/10.53088/jmdb.v5i2.1874Keywords:
Social Return on Investment, Creating Shared Value, Circular Economy, MSMEs, Sustainable Development Goals (SDGs)Abstract
Creating Shared Value (CSV) offers a transformative approach to aligning business performance with societal progress. This study examines a CSV initiative by Universitas Airlangga that integrates circular economy principles to empower Micro, Small, and Medium Enterprises (MSMEs) in maggot and oyster mushroom cultivation in Surabaya, Indonesia. Conducted from February to May 2025, the program combined waste-to-resource innovation with community capacity building, directly targeting Sustainable Development Goals (SDGs) on poverty reduction, responsible production, and partnerships. Employing a mixed-method case study and the Social Return on Investment (SROI) framework, data were obtained through interviews, field observations, and financial analysis. The program achieved an exceptional SROI ratio of 32.02:1, indicating over thirty-two times the investment’s value returned as social benefits. Key outcomes include income growth, improved waste management, skill enhancement, and stronger community cohesion. This research advances the empirical understanding of CSV–circular economy integration and underscores the pivotal role of higher education institutions in catalyzing local-level social innovation.
References
Afkarina, R., Cindi Septianza, Ahmad Faisol Amir, & Mochammad Isa Anshori. (2023). Manajemen Perubahan Di Era VUCA. Lokawati : Jurnal Penelitian Manajemen Dan Inovasi Riset, 1(6), 41–62. https://doi.org/10.61132/lokawati.v1i6.332 DOI: https://doi.org/10.61132/lokawati.v1i6.332
Banke-Thomas, A. O., Madaj, B., Charles, A., & Van Den Broek, N. (2015). Social Return on Investment (SROI) methodology to account for value for money of public health interventions: a systematic review. BMC public health, 15(1), 582. https://doi.org/10.1186/s12889-015-1935-7 DOI: https://doi.org/10.1186/s12889-015-1935-7
Camilleri, M. A. (2012). Creating shared value through strategic CSR in tourism. Ph.D. Dissertation University of Edinburgh, Edinburgh, UK. https://era.ed.ac.uk/bitstream/handle/1842/6564/Camilleri2012.pdf?sequence=1andisAllowe DOI: https://doi.org/10.2139/ssrn.3892656
Cho, Y., & Honorati, M. (2014). Entrepreneurship programs in developing countries: A meta regression analysis. Labour Economic, 28, 110–130. https://doi.org/10.1016/j.labeco.2014.03.011 DOI: https://doi.org/10.1016/j.labeco.2014.03.011
Freeman, R. E., Dmytriyev. S., & Strand. R. G. (2017). Managing for Stakeholders in the Digital Age. Corporate Social Responsibility: Strategy, Communication, Governance. Cambridge University Press DOI: https://doi.org/10.1017/9781316335529.008
Hariadi, M. I. (2023). Analisis Perhitungan Social Return on Investment (SROI) Pada Program “Mengenal UMKM” di UMKM GTT Kediri. Management Business Innovation Conference, 305–318.
Khatulistiyawati, N., Kinasih, I., Diswanto, E., Kurniawan, E., & Irfan, M. (2021). Kolaborasi stakeholder dalam pengembangan kampung wisata ekoriparian geblak jambangan. Jurnal Penelitian Dan Pengabdian Kepada Masyarakat (JPPM), 2(2), 317–326. https://doi.org/10.24198/jppm.v2i2.35017 DOI: https://doi.org/10.24198/jppm.v2i2.35017
Uzoma, B. I. (2012). CSR stakeholder engagement and Nigerian tobacco manufacturing sub sector. African Journal of Economic and Management Studies, 3(1), 42–63. http://dx.doi.org/10.1108/20400701211197276 DOI: https://doi.org/10.1108/20400701211197276
McKenzie, D., & Woodruff, C. (2014). What Are We Learning from Business Training and Entrepreneurship Evaluations around the Developing World? The World Bank Research Observer, 29(1), 48–82. https://doi.org/10.1093/wbro/lkt007 DOI: https://doi.org/10.1093/wbro/lkt007
Millar, R., & Hall, K. (2013). Social return on investment (SROI) and performance measurement: The opportunities and barriers for social enterprises in health and social care. Public Management Review, 15(6), 923-941. https://doi.org/10.1080/14719037.2012.698857 DOI: https://doi.org/10.1080/14719037.2012.698857
Nicholls, J., Lawlor, E., Neitzert, E., & Goodspeed, T. (2012). A guide to Social Return on Investment. The SROI Network. https://socialvalueselfassessmenttool.org/wp-content/uploads/intranet/758/pdf-guide.pdf
Niresh, J. A., & Silva, W. H. E. (2018). he nexus between corporate social responsibility disclosure and financial performance: Evidence from the listed banks, finance and insurance companies in Sri Lanka. Accounting and Finance Research, 7(2), 65-82. https://doi.org/10.5430/afr.v7n2p65 DOI: https://doi.org/10.5430/afr.v7n2p65
Noor, Z. Z. (2015). Metodologi Penelitian Kualitatif dan Kuantitatif. Petunjuk Praktis untuk Penyusunan Skripsi, Tesis, dan Disertasi. Deepublish.
Porter, M. E., & Kramer, M. R. (2011). How to reinvent capitalism—and unleash a wave of innovation and growth. Manag Sustain Bus, 323.
Purwohedi, U. (2016). Social Return on Investment (SROI): Sebuah Teknik untuk Mengukur Manfaat / Dampak dari Sebuah Program atau Proyek. Leutikaprio.
Ramadhani, P. E., Saputri, A. E., & Raharjo, S. T. (2020). CSR dan penyandang disabilitas. Prosiding Penelitian & Pengabdian Kepada Masyarakat, 7(1), 144–148. DOI: https://doi.org/10.24198/jppm.v7i1.28585
Robbins, S. P., Coulter, M., & Randel, A. (2020). Management, Global Edition (15 ed.) (15th ed.). Pearson Education Limited.
Sari, L. P., & Premananto, G. C. (2023). Analisis Social Return on Investment (SROI) pada Program Creating Shared Value dengan Tema “Daya Sinergi Airlangga 2023.” Bhakti Persada Jurnal Aplikasi IPTEKS, 9(2), 88–99. https://doi.org/10.31940/bp.v9i2.88-99 DOI: https://doi.org/10.31940/bp.v9i2.88-99
Selcuk, E. A., & Kiymaz, H. (2017). Corporate social responsibility and firm performance: Evidence from an emerging market. Accounting and Finance Research, 6(4), 42-51. https://doi.org/10.5430/afr.v6n4p42 DOI: https://doi.org/10.5430/afr.v6n4p42
Usman, A., Kadir, A., & Firdaus, F. (2022). Partisipasi Sosial Masyarakat Pada Program Kota Sehat Di Kota Bima. Professional: Jurnal Komunikasi Dan Administrasi Publik, 9(2), 519-526. https://doi.org/10.37676/professional.v9i2.3437
Astuti, V. S. (2020). Analisis SROI (social return on investment) dalam mengukur keberhasilan program CSR Mikrohydro oleh PT. PJB UP Paiton di desa Andungbiru, kabupaten Probolinggo. Publicio: Jurnal Ilmiah Politik, Kebijakan Dan Sosial, 2(2), 15-22. https://doi.org/10.51747/publicio.v2i2.601 DOI: https://doi.org/10.51747/publicio.v2i2.601
Yates, B. T., & Marra, M. (2017). Introduction: Social Return On Investment (SROI). Evaluation and Program Planning, 64, 95–97. https://doi.org/10.1016/j.evalprogplan.2016.10.013 DOI: https://doi.org/10.1016/j.evalprogplan.2016.10.013
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Catur Prasetya Wibowo, Dian Ekowati
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
The author(s) retain copyright and grant the journal the right of first publication with the work simultaneously licensed under a CC BY-SA 4.0 license that allows others to remix, adapt, and build upon the work even for commercial purposes, as long as they credit the author(s) and license their new creations under the identical terms.
License details: https://creativecommons.org/licenses/by-sa/4.0/
