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Measuring CSR: The Index of Fairness

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  • Storchevoy, Maxim

Abstract

We offer an approach for practical measuring of corporate social responsibility based on the stakeholder theory. This approach assumes that it is methodologically incorrect and technically infeasible to measure CSR on the basis of objective variables and through selfreporting procedures. A more correct and realistic method of measuring CSR should be based on a systematic survey of stakeholders' opinion. The research offers a concept of Fairness Index and provides results of its first empirical testing for several Russian and European companies.

Suggested Citation

  • Storchevoy, Maxim, 2016. "Measuring CSR: The Index of Fairness," Conference Papers 8709, Graduate School of Management, St. Petersburg State University.
  • Handle: RePEc:sps:cpaper:8709
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    File URL: https://dspace.spbu.ru/handle/11701/8709
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    Keywords

    business ethics; corporate social responsibility; corporate social performance; stakeholder theory; objective variables; stakeholdersÙ opinion; Russia; Europe;
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