Study
Of
CSR with
IRTAnaLytics
SCORES
[Corporate Social Responsibility] [Item Response Theory]
This website hosts the Study
Of
Corporate
Social Responsibility (CSR) with Item
Response Theory
(IRT) AnaLyitcs--a
project initiated by Robert
J. Carroll, David
M. Primo, and Brian
Kelleher
Richter. We
plan to host here
research, data, and underlying programs that represent innovations in
the
measurement of CSR using IRT tools. The ultimate goal is to
enhance our
understanding of CSR and the implications of this growing area both in
the
business world and as a field of academic inquiry.
D-SOCIAL-KLD Scores introduced
in 2016 Strategic Management Journal
Paper
In our paper in the January 2016 issue of the Strategic
Management Journal (SMJ)
titled "Using Item Response Theory
to
Improve Measurement in Strategic Management Research: An Application to
Corporate Social Responsibility," we introduced the idea of how IRT
models
could help us better understand and measure CSR. In it we use
the
underlying or raw CSR data from the KLD STATS database (now owned by
MSCI) to
construct an improved firm-level measure of latent CSR.
Details
on the
methodology can be found in the paper linked below--and technical
details can be found in its appendix linked below.
We create a new CSR dataset in the 2016 SMJ
paper and a
measure which we
term D-SOCIAL-KLD scores. In the
acronym D-SOCIAL-KLD, (i) the “D” before the first
dash indicates the approach is “Dynamic” in this
instance, and (ii) the “KLD”
after the second dash indicates the approach is applied to
“KLD STATS data” in
this instance. (Future applications of the approach might yield SOCIAL
scores but have different modifiers
indicating the methodology yields scores than have some feature of
interest other than that they are dynamic or indicating that they have
been applied to different underlying datasets. )
To enable other
researchers to
use our data, we have posted it below. Please cite the 2016 SMJ article
if you use our data.
We're also happy to hear about your work and link to
it if
you let us know about it by e-mailing
us.