Integrated Social Value at Universities: A Guarantee for Public Subsidies

Abstract

The objective of this work was to monetize the integrated social value generated by a university during an academic year to justify the use of public grants received and determine their relationship with the institution’s stakeholders. Monetization allows us to analyze the efficiency in the use of received subsidies. The methodology used herein was the polyhedral model, which was applied to a university during the 2017–2018 academic year in order to reflect the financial and social accounting of the institution, its relationship with stakeholders, and its efficiency in economic and social management. The results of the study highlighted the monetization of the activity of the UVic-UCC over the course of 2017–2018, guaranteeing the economic and social efficiency and dynamization of the University, as well as information regarding the return to the Public Administration by the institution and the good use of the grants it received. The monetization of economic transactions and the value variables of stakeholders allowed us to assess the impact of the institution and the added value it created. The findings indicated that the integrated social value of the UVic-UCC in the 2017–2018 academic year was EUR 64,268,260, and this guaranteed the good economic and social management of the institution and the good use of the grants it received.