Ranking of Corporate Social Responsibility of Firms

Authors

  • Armenak Darbinyan Council of the Central Bank of RA
  • Davit Budaghyan Yerevan State University

DOI:

https://doi.org/10.46991/BYSU:G/2016.7.1.023

Keywords:

corporate social responsibility, stakeholder theory, CSR pyramid, ranking, method VIKOR, information entropy

Abstract

This article introduces an approach for ranking corporate social responsibility (CSR) of organizations, the theoretic base of which is Carroll’s CSR Pyramid. Ranking is based on the levels of economic, legal, ethical and discretionary responsibilities of the firm. This is performed using information entropy and VIKOR multifactorial decision making method. The article also includes a hypothetical example of application of the proposed approach.

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Published

2016-02-25

How to Cite

Darbinyan, A., & Budaghyan, D. (2016). Ranking of Corporate Social Responsibility of Firms. Bulletin of Yerevan University G: Economics, 7(1 (19), 23–31. https://doi.org/10.46991/BYSU:G/2016.7.1.023

Issue

Vol. 7 No. 1 (19) (2016)

Section

Articles

License

Copyright (c) 2021 Bulletin of Yerevan University

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.