Social Impact: Review and Measurement of Such Development

Henry Fock, Wa Kimmy Chan, Yuet Yee Shirley Cheng, Junfeng Zhang, Clara Kan, Chi Hing Kee, Sze Lok Choi

    Research output: Contribution to journalConference articlepeer-review


    Valid impact measurement is crucial for investors to ensure that their funds are going to suitable projects and track the project performance. However, to the
    best of our knowledge, a standard, reliable, and valid social impact measurement is not available yet. Extant impact measurements tend to be unidimensional and
    single-level, overlooking the multi-level effects or multi-dimensionality. To advance the practice and theory of social impact, a common definition and a valid measurement are essential. The objectives of this paper are thus threefold. First, based on a literature review, we draw a comprehensive definition of social impact that comprises knowledge of prior studies and allows researchers in the field to follow. Second, we conduct a systematic review on papers about social impacts to understand the extant ground of this field and identify four characteristics for social impacts, namely multi-dimensional, multi-level, dynamic, and not static in form. Lastly, we propose a conceptual model for the social impact measurement
    and delineate each construct in the model.
    Original languageEnglish
    Pages (from-to)19-35
    Number of pages17
    JournalHSUHK Business Review
    Issue number3
    Publication statusPublished - Nov 2021

    User-Defined Keywords

    • social impacts
    • social enterprises
    • corporate social performance


    Dive into the research topics of 'Social Impact: Review and Measurement of Such Development'. Together they form a unique fingerprint.

    Cite this