Publication detail

Evaluation of the Effectiveness of Manufacturing Companies by Financial and Non-financial Indicators

PAVLÁKOVÁ DOČEKALOVÁ, M. KOCMANOVÁ, A.

Original Title

Evaluation of the Effectiveness of Manufacturing Companies by Financial and Non-financial Indicators

Type

conference paper

Language

English

Original Abstract

The purpose of this paper is to present a model for evaluation of effectiveness of manufacturing companies by financial and non-financial indicators in relation to corporate sustainability. Sustainability is a multidimensional concept based on a balance of environmental, social and economic pillars. It is difficult to evaluate it because it is expressed by many variables which most of them are non-financial ones. Data envelopment analysis is based on assessing the quantity of consumed inputs by the produced outputs and estimation of production possibility frontier; it computes a scalar measure of efficiency and determines potential improvements of inputs and outputs without requiring explicit specification of functional relations between inputs and outputs and setting weights of variables. Based on the computation of the CCR super efficiency DEA model the companies are divided into four groups: sustainable, pro-social, pro-environmental and unsustainable companies. The model outputs allow users to identify the position of a particular company and to reveal weaknesses in the effectiveness of a company, thus the model can serve its users as a basis for decision-making and performance management. The graphic presentation of the results makes the model outputs clear and easy to understand.

Keywords

Corporate sustainability; Non-financial indicators; Effectiveness; Triple-bottom line; Data envelopment analysis

Authors

PAVLÁKOVÁ DOČEKALOVÁ, M.; KOCMANOVÁ, A.

RIV year

2015

Released

10. 12. 2015

Publisher

Elsevier

ISBN

1877-0428

Periodical

Procedia Social and Behavioral Sciences

Year of study

213

Number

1

State

Kingdom of the Netherlands

Pages from

491

Pages to

496

Pages count

6

URL

https://www.sciencedirect.com/science/article/pii/S1877042815057948

Full text in the Digital Library

http://hdl.handle.net/11012/194772

BibTex

@inproceedings{BUT121067,
  author="Marie {Pavláková Dočekalová} and Alena {Kocmanová}",
  title="Evaluation of the Effectiveness of Manufacturing Companies by Financial and Non-financial Indicators",
  booktitle="Procedia - Social and Behavioral Sciences",
  year="2015",
  series="213",
  journal="Procedia Social and Behavioral Sciences",
  volume="213",
  number="1",
  pages="491--496",
  publisher="Elsevier",
  doi="10.1016/j.sbspro.2015.11.439",
  issn="1877-0428",
  url="https://www.sciencedirect.com/science/article/pii/S1877042815057948"
}