Checking the robustness of a responsible government index: Uncertainty and sensitivity analysis

Abstract

The Basque Country has many public entities ruled by private law, but there is no measure about how they conduct a responsible corporate governance. We develop a Responsible Government Index (RGI) as a tool for (1) assessing and managing the global situation regarding public entities in the Basque Country and (2) making the necessary decisions to attend the stakeholders of these entities. The evidence from this study implies that the RGI is a robust composite measure.