This federal Project Grant award from the National Science Foundation (NSF) Integrative Activities (IA) program, CFDA 47.083, provides $654,500 to Morgan State University to create a comprehensive database of consistent corporate social responsibility (CSR) metrics. The project aims to:
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Estimate the foregone earnings for U.S. firms associated with CSR implementation and examine how measured GDP and productivity would change if these foregone earnings were treated as charitable donations.
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Map current CSR activities nationwide to provide an in-depth understanding of the determinants and mechanisms by which firms engage in CSR.
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Identify the characteristics of firms that meet ambitious sustainability goals and assess the real economic consequences of such investments for society.
The project utilizes artificial intelligence and machine learning techniques to automate the extraction of CSR data from various sources and create a uniform reporting method to enhance the consistency and comparability of CSR data. The resulting database of CSR metrics will be made publicly accessible to benefit investors, scholars, and decision makers. The award period is from Sep 1, 2024 to Aug 31, 2027.
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