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Benchmarking of corporate social responsibility: Methodological problems and robustness

Author

Listed:
  • Graafland, J.J.
  • Eijffinger, S.C.W.
  • Smid, H.

Abstract

This paper investigates the possibilities and problems of benchmarking Corporate Social Responsibility (CSR). After a methodological analysis of the advantages and problems of benchmarking, we develop a benchmark method that includes economic, social and environmental aspects as well as national and international aspects of CSR. The overall benchmark is based on a weighted average of these aspects. The weights are based on the opinions of companies and NGO’s. Using different methods of weighting, we find that the outcome of the benchmark is rather robust for a sample of more than 50 large Dutch companies.

Suggested Citation

  • Graafland, J.J. & Eijffinger, S.C.W. & Smid, H., 2004. "Benchmarking of corporate social responsibility: Methodological problems and robustness," MPRA Paper 20771, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:20771
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    References listed on IDEAS

    as
    1. Graafland, J.J. & Ven van de, B. & Stoffele, N., 2003. "Strategies and instruments for organising CSR by small and large businesses in the Netherlands," MPRA Paper 20754, University Library of Munich, Germany.
    2. Eijffinger, Sylvester C.W. & Geraats, Petra M., 2006. "How transparent are central banks?," European Journal of Political Economy, Elsevier, vol. 22(1), pages 1-21, March.
    3. Hausman,Daniel M., 1992. "The Inexact and Separate Science of Economics," Cambridge Books, Cambridge University Press, number 9780521415019, April.
    4. Graafland, J.J., 2002. "Modelling the trade-off between profits and principles," MPRA Paper 20752, University Library of Munich, Germany.
    5. Hausman,Daniel M., 1992. "The Inexact and Separate Science of Economics," Cambridge Books, Cambridge University Press, number 9780521425230, April.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Ven van de, B. & Graafland, J.J., 2006. "Strategic and moral motivation for corporate social responsibility," MPRA Paper 20278, University Library of Munich, Germany.
    2. Corrie Mazereeuw-van der Duijn Schouten & Johan Graafland & Muel Kaptein, 2014. "Religiosity, CSR Attitudes, and CSR Behavior: An Empirical Study of Executives’ Religiosity and CSR," Journal of Business Ethics, Springer, vol. 123(3), pages 437-459, September.
    3. Graafland, J.J. & Kaptein, M. & Mazereeuw V/d Duijn Schouten, C., 2010. "Motives of Socially Responsible Business Conduct," Discussion Paper 2010-74, Tilburg University, Center for Economic Research.
    4. Nuttaneeya Torugsa & Wayne O’Donohue & Rob Hecker, 2012. "Capabilities, Proactive CSR and Financial Performance in SMEs: Empirical Evidence from an Australian Manufacturing Industry Sector," Journal of Business Ethics, Springer, vol. 109(4), pages 483-500, September.
    5. Jeremy Galbreath, 2013. "ESG in Focus: The Australian Evidence," Journal of Business Ethics, Springer, vol. 118(3), pages 529-541, December.
    6. Jeremy Galbreath, 2016. "When do Board and Management Resources Complement Each Other? A Study of Effects on Corporate Social Responsibility," Journal of Business Ethics, Springer, vol. 136(2), pages 281-292, June.
    7. Saskia Crucke & Adelien Decramer, 2016. "The Development of a Measurement Instrument for the Organizational Performance of Social Enterprises," Sustainability, MDPI, Open Access Journal, vol. 8(2), pages 1-30, February.
    8. Shallini Taneja & Pawan Taneja & Rajen Gupta, 2011. "Researches in Corporate Social Responsibility: A Review of Shifting Focus, Paradigms, and Methodologies," Journal of Business Ethics, Springer, vol. 101(3), pages 343-364, July.
    9. Giannarakis Grigoris, 2016. "The Challenges of Corporate Social Responsibility Assessment Methodologies," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 39-55.
    10. Stephen Chen & Petra Bouvain, 2009. "Is Corporate Responsibility Converging? A Comparison of Corporate Responsibility Reporting in the USA, UK, Australia, and Germany," Journal of Business Ethics, Springer, vol. 87(1), pages 299-317, April.
    11. Gregory Jackson & Androniki Apostolakou, 2010. "Corporate Social Responsibility in Western Europe: An Institutional Mirror or Substitute?," Journal of Business Ethics, Springer, vol. 94(3), pages 371-394, July.
    12. Van den Bossche, Filip & Rogge, Nicky & Devooght, Kurt & Van Puyenbroeck, Tom, 2010. "Robust Corporate Social Responsibility investment screening," Ecological Economics, Elsevier, vol. 69(5), pages 1159-1169, March.
    13. Edmund Byrne, 2007. "Assessing Arms Makers’ Corporate Social Responsibility," Journal of Business Ethics, Springer, vol. 74(3), pages 201-217, September.
    14. Salla Laasonen & Martin Fougère & Arno Kourula, 2012. "Dominant Articulations in Academic Business and Society Discourse on NGO–Business Relations: A Critical Assessment," Journal of Business Ethics, Springer, vol. 109(4), pages 521-545, September.
    15. repec:kap:jbuset:v:144:y:2017:i:1:d:10.1007_s10551-015-2822-y is not listed on IDEAS
    16. Van den Bossche, Filip & Rogge, Nicky & Devooght, Kurt & Van Puyenbroeck , Tom, 2009. "Robust CSR Investment Screening," Working Papers 2009/05, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    17. Thomas Köllen, 2016. "Acting Out of Compassion, Egoism, and Malice: A Schopenhauerian View on the Moral Worth of CSR and Diversity Management Practices," Journal of Business Ethics, Springer, vol. 138(2), pages 215-229, October.
    18. repec:kap:jbuset:v:145:y:2017:i:2:d:10.1007_s10551-015-2852-5 is not listed on IDEAS
    19. repec:gam:jsusta:v:8:y:2016:i:2:p:161:d:63634 is not listed on IDEAS
    20. Xiaohua Yang & Cheryl Rivers, 2009. "Antecedents of CSR Practices in MNCs’ Subsidiaries: A Stakeholder and Institutional Perspective," Journal of Business Ethics, Springer, vol. 86(2), pages 155-169, March.
    21. Diana Corina Gligor-Cimpoieru, 2015. "Evaluating the HR Dimension of CSR in a Strategic Approach," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 11(02), pages 3-12.
    22. Ashish Arora & Michelle Gittelman & Sarah Kaplan & John Lynch & Will Mitchell & Nicolaj Siggelkow & Robert J. Carroll & David M. Primo & Brian K. Richter, 2016. "Using item response theory to improve measurement in strategic management research: An application to corporate social responsibility," Strategic Management Journal, Wiley Blackwell, vol. 37(1), pages 66-85, January.
    23. Thomas Koslowski & Jens Strüker, 2011. "ERP On Demand Platform," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 3(6), pages 359-367, December.

    More about this item

    Keywords

    Benchmarking; corporate social responsibility; sensitivity analysis; stakeholder perspective; transparency; triple P bottom line;

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • C49 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Other
    • C89 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other

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