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The Challenge of Measuring Corporate Social Irresponsibility

Author

Listed:
  • Davide Fiaschi
  • Elisa Giuliani
  • Nicola Salvati

Abstract

In this paper, we develop a family of indexes to measure the social irresponsibility of firms. We define corporate social irresponsibility (CSIR) on the basis of firms' alleged involvement in human rights abuses. After a critical appraisal of the existing CSIR raw data and measures/indexes, we take a M-quantile regression approach to develop a family of CSIR indexes that overcome the limitations of existing measures. We apply our methodology to a sample of 380 large publicly-listed firms, observed over the period 2004-2012. Our analysis develops a family of CSIR indexes robust to firms' media exposure, size and industry specificities, and provides a measure of their accuracy..

Suggested Citation

  • Davide Fiaschi & Elisa Giuliani & Nicola Salvati, 2016. "The Challenge of Measuring Corporate Social Irresponsibility," Discussion Papers 2016/209, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
  • Handle: RePEc:pie:dsedps:2016/209
    Note: ISSN 2039-1854
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    File URL: https://www.ec.unipi.it/documents/Ricerca/papers/2016-209.pdf
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    Cited by:

    1. Anita Mendiratta & Shveta Singh & Surendra Singh Yadav & Arvind Mahajan, 2023. "Bibliometric and Topic Modeling Analysis of Corporate Social Irresponsibility," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 24(3), pages 319-339, September.

    More about this item

    Keywords

    Corporate Social Irresponsibility (CSIR); M-quantile regression; CSIR index.;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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