The growth in research on creating shared value (CSV) in the private sector raises a number of important questions about the degree to which the theory and practice developed in one sector can contribute to our understanding of CSV in another sector. ...
The growth in research on creating shared value (CSV) in the private sector raises a number of important questions about the degree to which the theory and practice developed in one sector can contribute to our understanding of CSV in another sector. To help address this issue, this study revisits the conceptual and operational definitions of CSV to address weaknesses previously noted in the literature. Although some important steps have been taken to both improve and internationalize the CSV scale of measurement and effectiveness, this work has isolated one case study in South Korea to build upon further. This study takes a systematic and comprehensive approach by combining the efforts of CSV Harvard scholars, Michael E. Porter and Mark Kramer, with other emerging researches in the field of impact investment in order to develop and then test a revised measurement instrument for a unique public-private partnership between CJ Group and the KOICA. Although the resulting measure of CSV reported here provides more of a theoretical approach than a concrete empirical foundation, the results suggest that more quantitative measures should be further examined in order to provide a comprehensive study in regards to the relationships of the private sector to ODA. These results raise the consistent concern regarding the ability to develop a single universal CSV measurement and ratings scale, or making direct comparisons of CSV across different sectors and partnerships.