In the Indian context, how to measure corporate social responsbility index of the companies based on the secondary data avaiable
this can be helpful
http://www.instituteforpr.org/wp-content/uploads/SawhnyKEPRRA_Award.pdf
Hi, Srikanth:
As you may know, corporate social responsibility is a multidimensional concept that is often measured using diverse indicators. Composite indices can aggregate these single indicators into one measurement. This process may work even in Indian context! A recent research study (Diego Paredes-Gazquez et al., 2016) identified the key challenges in constructing a composite index for measuring corporate social responsibility.
The process is illustrated by the construction of a composite index for measuring social outcomes in the electricity utility industry. The sample consisted of seventy-four companies from twenty-three different countries, and one special administrative region operating in the industry in 2011.
The findings show that (1) the unavailability of information about corporate social responsibility, (2) the particular characteristics of this information and (3) the weighting of indicators are the main obstacles when constructing the composite index.
The authors highlighted that an effective composite index should have a clear objective, a solid theoretical background and a robust structure. In a practical sense, it should be reconsidered how researchers use composite indexes to measure corporate social responsibility, as more transparency and stringency is needed when constructing these tools!
- Diego Paredes-Gazquez, J., Miguel Rodriguez-Fernandez, J., & de la Cuesta-Gonzalez, M. (2016). Measuring corporate social responsibility using composite indices: Mission impossible? The case of the electricity utility industry. Revista De Contabilidad - Spanish Accounting Review, 19(2), 142-153.
Hope this helps!
Kind Regards, Nadeem
thanks to one and all for their valuable response to my query. your
Depending on the context and te level of analysishThe needs depentdh, the approcha will eb different h there will be different needs in 'measurin' .h , there are
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Dear Esteban
Please can you send these papers you mentioned to me through my email: [email protected]
I do not have access to them in Nigeria.
Cheng, B., Ioannou, I., Serafeim, G. (2014). Corporate social responsibility and access to finance. Strategic Management Journal, 35(1), 1-23. Eccles, R.G., Ioannou, I., Serafeim, G. (2014). The impact of corporate sustainability on organizational processes and performance. Management Science, 60(11), 2835-2857. LópezPuertas‐Lamy, M., Desender, K., Epure, M. (2017). Corporate social responsibility and the assessment by auditors of the risk of material misstatement. Journal of Business Finance & Accounting, 44, 1276-1314.
Thank you.
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