Evaluating corporate social responsibility of airlines using entropy weight and grey relation analysis

Qi Wang, Chong Wu and Yang Sun

Journal of Air Transport Management, 2015, vol. 42, issue C, 55-62

Abstract: This paper applies entropy weight and grey relation analysis to evaluate corporate social responsibility (CSR) performance of eight Chinese major airlines. This paper intends to achieve two main aims. First, this study uses entropy to find the relative weights of performance measures of CSR. In so doing, we find that on-time performance, accident rate, flight frequency, growth of employees revenue, and employees revenue are relatively most important measures. Second, based on the results of entropy analysis, this study ranks the airlines in terms of CSR performance by grey relation analysis. This result shows that most of the larger state-controlled airlines perform better in performance of CSR. Furthermore, the private airline has made relatively large improvement in its CSR performance. In addition, the listed airlines are better than non-listed airlines in CSR performance.

Keywords: Corporate social responsibility; Entropy weight; Grey relation analysis; Airline industry; Multi-criteria decision making; Performance measure (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (31)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jaitra:v:42:y:2015:i:c:p:55-62

DOI: 10.1016/j.jairtraman.2014.08.003

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