Impact measurement for social enterprises: Social return on investment and subjective well-being valuation in the United States

Year: 2025
Published in: Journal of the International Council for Small Business
Cited as: Ricket, A. L. & Goodspeed, T. (2025). Impact measurement for social enterprises: Social return on investment and subjective well-being valuation in the United States. Journal of the International Council for Small Business. https://doi.org/10.1080/26437015.2025.2532775

Impact measurement for social enterprises: Social return on investment and subjective well-being valuation in the United States

Responding to the lack of standardised well-being valuation tools in the US, this study introduces country-specific well-being valuations using the Wellbeing-Adjusted Life Year (WELLBY) framework and nationally representative data, offering US practitioners, funders and policymakers a way to incorporate intangible well-being outcomes into impact measurement in line with international practice.