Description

A multidimensional measure of corporate stakeholder responsibility (CStR) was developed and validated. Hereby, the authors conducted a series of analyses, including exploratory factor analyses, confirmatory factor analyses, and structural equation modeling to assess different types of validity of the proposed scale. The scale consists of six dimensions: community-oriented, natural environment-oriented, employee-oriented, supplier-oriented, customer-oriented, and shareholder-oriented CSR.

Definition

Corporate stakeholder responsibility (CStR) is defined as “an organization’s context-specific actions and policies designed to enhance the welfare of various stakeholder groups by accounting for the triple bottom line of economic, social, and environmental performance”.

Items

• Our company respects the financial interests of all its shareholders. (0.79)
• Our company ensures that communication with shareholders is transparent and accurate. (0.77)
• Our company takes action to ensure that shareholders’ investments are profitable and perennial in the long-term. (0.76)
• Our company makes sure that shareholders exert effective influence over strategic decisions. (0.75)

Source

• El Akremi (201_): How Do Employees Perceive Corporate Responsibility? Development and Validation of a Multidimensional Corporate Stakeholder Responsibility Scale. Journal of Management, Vol. _, No. _, pp. _–_

Comments

The items do not reflect social and ecological needs of shareholders.