Priority Stakeholders’ Perception: Social Responsibility Indicators

Rosane Maria Seibert, Clea Beatriz Macagnan and Robert Dixon
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Rosane Maria Seibert: Applied Social Sciences Department, Campus of Santo Ângelo, University Regional Integrada do Alto Uruguai e das Missões (URI), Santo Ângelo RS 98.802-470, Brazil
Clea Beatriz Macagnan: Business School Department, Campus of Porto Alegre/RS, University of Vale do Rio dos Sinos (UNISINOS), Porto Alegre RS 91.330-002, Brazil
Robert Dixon: Business School, Campus of Durham, Durham University (DUBS), Durham DH1 3LB, UK

Sustainability, 2021, vol. 13, issue 3, 1-22

Abstract: This study aims to build a list of composite indicators by information that enable the assessment of philanthropic higher education organizations’ (PHEOs) social responsibility based on the interests of their stakeholders. A list of 88 social responsibility indicators was built based on a literature review and stakeholder interest to serve as a basis for the composite indicators. In order to identify and validate the indicators, field research was carried out. Stakeholders from Brazil and the United Kingdom scored them from one (not important) to five (very important) for each indicator identified in the literature review. With 540 valid answers, they suggested inclusions and exclusions according to their interests. Next, a correlation analysis was performed to identify and eliminate redundant indicators. The principal component analysis extracted the composite indicators. The results point to 11 principal components that are configured as composite indicators to evaluate the performance of PHEOs social responsibility considering the stakeholder’s interests, a factor that differentiates this research from the literature revision done. Some of the composite indicators are close to the social responsibility categories reviewed in the literature. However, others show more specific and in-depth interests, especially regarding the stakeholders themselves. These composite indicators help managers establish disclosure policies whenever they are focused on seeking legitimacy in the social context of PHEOs. It also contributes to the advancement of theoretical knowledge, presenting composite indicators, from the stakeholder’s perspective, for the disclosure of social responsibility of PHEOs.

Keywords: social responsibility; composite indicators; philanthropic higher education organizations; legitimacy; priority stakeholders (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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