Managerial mindsets and performance measurement systems of CSR-related intangibles

Cristiana Parisi; Kai N. Hockerts

doi:10.1108/13683040810881199

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Measuring Business Excellence

ISSN: 1368-3047

Online from: 1997

Subject Area: Performance Management and Measurement

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Managerial mindsets and performance measurement systems of CSR-related intangibles

Document Information:
Title:	Managerial mindsets and performance measurement systems of CSR-related intangibles
Author(s):	Cristiana Parisi, (Department of Business Administration, University of Florence, Florence, Italy), Kai N. Hockerts, (Centre for Corporate Values and Responsibility, Copenhagen Business School (CBS), Frederiksberg, Denmark.)
Citation:	Cristiana Parisi, Kai N. Hockerts, (2008) "Managerial mindsets and performance measurement systems of CSR-related intangibles", Measuring Business Excellence, Vol. 12 Iss: 2, pp.51 - 67
Keywords:	Corporate social responsibility, Intellectual capital, Managerialism, Maps, Performance measures
Article type:	Research paper
DOI:	10.1108/13683040810881199 (Permanent URL)
Publisher:	Emerald Group Publishing Limited
Acknowledgements:	The authors would like to thank the anonymous reviewer for the useful comments. Although the paper is the result of a team effort, Cristiana Parisi can be considered the author of the first five sections and of the last two, and Kai Hockerts the author of the sixth section and its subsections.
Abstract:	Purpose – The purpose of this one-company case study is to investigate the possible use of causal maps in the performance management and measurement of corporate social responsibility (CSR) related intangibles. Design/methodology/approach – In order to test the suitability of the chosen model, a combined research approach was selected. The combination of inductive and deductive approaches resulted in the most advantageous in order to test the research hypotheses. The pharmaceutical industry was targeted as a noteworthy case study for CSR investment. Novo Nordisk, a leading firm within the pharmaceutical industry, was chosen due to its outstanding corporate social performance (Dow Jones sustainability index STOXX and the Ethibel Sustainability Index). Findings – The use of causal maps at Novo Nordisk is expected to improve the selection of indicators for the company's performance measurement system, so that a financial evaluation of the returns of investments aimed at increasing the value of CRS related intangibles can be made. Practical implications – The use of causal maps aims to systematically internalise the positive financial effect of investment into CSR related intangibles. In this way the quality of existing performance measurement systems of companies are expected to improve. Originality/value – This research contributes to CSR and performance measurement literature by analysing the use of causal maps in order to define indicators for CSR related intangibles, to be included in the company's multidimensional performance measurement models.