Publication detail

Measuring Corporate Sustainability and Environmental, Social, and Corporate Governance Value Added

KOCMANOVÁ, A. PAVLÁKOVÁ DOČEKALOVÁ, M. ŠKAPA, S. SMOLÍKOVÁ, L.

Original Title

Measuring Corporate Sustainability and Environmental, Social, and Corporate Governance Value Added

Type

journal article in Web of Science

Language

English

Original Abstract

The aim of the paper is to propose a model for measuring sustainable value which would complexly assess environmental, social, and corporate governance contribution to value creation. In the paper the concept of the Sustainable Environmental, Social and Corporate Governance Value Added is presented. The Sustainable Environmental, Social and Corporate Governance Value Added is based on the Sustainable Value Added model and combines weighted environmental, social, and corporate governance indicators with their benchmarks determined by Data Envelopment Analysis. Benchmark values of indicators were set for each company separately and determine the optimal combination of environmental, social, and corporate governance inputs to economic outcomes. The Sustainable Environmental, Social and Corporate Governance Value Added methodology is applied on real-life corporate data and presented through a case study. The value added of most of the selected companies was negative, even though economic indicators of all of them are positive. The Sustainable Environmental, Social and Corporate Governance Value Added is intended to help owners, investors, and other stakeholders in their decision-making and sustainability assessment. The use of environmental, social, and corporate governance factors helps identify the company’s strengths and weaknesses, and provides a more sophisticated insight into it than the one-dimensional methods based on economic performance alone.

Keywords

corporate sustainability; environmental, social, corporate governance indicators; value added; factor analysis; confirmatory factor analysis; Data Envelopment Analysis

Authors

KOCMANOVÁ, A.; PAVLÁKOVÁ DOČEKALOVÁ, M.; ŠKAPA, S.; SMOLÍKOVÁ, L.

Released

15. 9. 2016

Publisher

MDPI

Location

Basel, Switzerland

ISBN

2071-1050

Periodical

Sustainability

Year of study

8

Number

9

State

Swiss Confederation

Pages from

1

Pages to

13

Pages count

13

URL

http://www.mdpi.com/2071-1050/8/9/945

Full text in the Digital Library

http://hdl.handle.net/11012/63211

BibTex

@article{BUT128260,
  author="Alena {Kocmanová} and Marie {Pavláková Dočekalová} and Stanislav {Škapa} and Lenka {Širáňová}",
  title="Measuring Corporate Sustainability and Environmental, Social, and Corporate Governance Value Added",
  journal="Sustainability",
  year="2016",
  volume="8",
  number="9",
  pages="1--13",
  doi="10.3390/su8090945",
  issn="2071-1050",
  url="http://www.mdpi.com/2071-1050/8/9/945"
}