The Challenge of Measuring Corporate Social Irresponsibility
Davide Fiaschi (),
Elisa Giuliani and
Discussion Papers from Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy
In this paper, we develop a family of indexes to measure the social irresponsibility of firms. We define corporate social irresponsibility (CSIR) on the basis of firms' alleged involvement in human rights abuses. After a critical appraisal of the existing CSIR raw data and measures/indexes, we take a M-quantile regression approach to develop a family of CSIR indexes that overcome the limitations of existing measures. We apply our methodology to a sample of 380 large publicly-listed firms, observed over the period 2004-2012. Our analysis develops a family of CSIR indexes robust to firms' media exposure, size and industry specificities, and provides a measure of their accuracy..
Keywords: Corporate Social Irresponsibility (CSIR); M-quantile regression; CSIR index. (search for similar items in EconPapers)
JEL-codes: C14 C21 O40 O50 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hme and nep-soc
Note: ISSN 2039-1854
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Persistent link: https://EconPapers.repec.org/RePEc:pie:dsedps:2016/209
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