Measuring CSR: The Index of Fairness

Abstract

We offer an approach for practical measuring of corporate social responsibility based on the stakeholder theory. This approach assumes that it is methodologically incorrect and technically infeasible to measure CSR on the basis of objective variables and through selfreporting procedures. A more correct and realistic method of measuring CSR should be based on a systematic survey of stakeholders' opinion. The research offers a concept of Fairness Index and provides results of its first empirical testing for several Russian and European companies.