Moral Capital: It's strategic importance and measurement

Baden, Denise and Chipulu, M. (2013) Moral Capital: It's strategic importance and measurement. Strategic Management Journal (Submitted).


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With the ascendancy of the notion of corporate social responsibility (CSR), the construct of moral capital is of increasing relevance to corporations and their stakeholders, for example as a means to measure some of the intangible outcomes of CSR. However, its use as a variable for research has been limited by a lack of conceptual development and lack of existing measures of moral capital. To address this lack, this paper locates moral capital within a conceptual body of literature in order to operationalize the construct. The validity of a moral capital scale is explored over five empirical studies incorporating multi-trait, multi-method validation. The Moral Capital Scale demonstrated internal consistency and construct validity, as evaluated through factor analysis, correlation with existing measures, and hypothesis testing.

Item Type: Article
ISSNs: 0167-4544 (print)
1573-0697 (electronic)
Related URLs:
Subjects: B Philosophy. Psychology. Religion > BJ Ethics
H Social Sciences > HF Commerce
Divisions: Faculty of Business and Law > Southampton Management School > Organisational Behaviour
ePrint ID: 196395
Date Deposited: 06 Sep 2011 16:46
Last Modified: 23 Jun 2014 12:00

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