Extending the Measurement of Composite Indicators Towards a Non-convex
Approach: Corporate Social Responsibility for the Food and Beverage
Manufacturing Industry
This paper computes composite indicators of corporate social responsibility
(CSR) from an efficiency perspective for food and beverage manufacturing firms
in various world regions over the period from 2011 to 2018. From a
methodological perspective, we extend the measurement of composite indicators
within data envelopment analysis, allowing for the non-convexities of the
production set and for the appropriate comparison of indicators between groups
of firms. From an empirical point of view, we contribute by comparing the
efficiency in CSR practices of food and beverage companies across regions of
Europe, the United States and Canada, and Asia Pacific. The study reveals
differences in CSR efficiency between food and beverage firms in the regions
considered, with USA and Canadian firms tending to perform best, followed by
European firms, and Asian Pacific firms achieving the worst efficiency results.
The study also shows that regional catching up in performance occurred over the
analyzed period.Comment: 31 pages, 1 figure, 5 table