Social Rating: Performance Measurement or Social Mediation?
Françoise Quairel
Chapter 10 in Stakeholder Theory, 2005, pp 173-184 from Palgrave Macmillan
Abstract:
Abstract Social rating aims at providing fund managers with objective measures on extra-financial performances. It summarizes the social and environmental companies’ profiles and gives a synthetic evaluation. Social rating is often deemed as a transposition of financial rating; as this rating provides financial actors and asset managers who have neither the time nor the expertise to appraise corporate social performances (CSP) with decision-making tools. It could be defined as an independent and objective opinion on environmental and social performances of the organization. Whether financial or social, the rating can be analysed as a ‘management tool’ according to Berry (1983), that is, ‘material or conceptual means aiming at reducing complexity and at simplifying reality’.
Keywords: Corporate Social Responsibility; Corporate Governance; Rating Agency; Credit Rating; Socially Responsible Investment (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52422-4_10
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DOI: 10.1057/9780230524224_10
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