Detail publikace

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

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

Originální název

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

Typ

článek v časopise ve Web of Science, Jimp

Jazyk

angličtina

Originální abstrakt

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.

Klíčová slova

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

Autoři

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

Vydáno

15. 9. 2016

Nakladatel

MDPI

Místo

Basel, Switzerland

ISSN

2071-1050

Periodikum

Sustainability

Ročník

8

Číslo

9

Stát

Švýcarská konfederace

Strany od

1

Strany do

13

Strany počet

13

URL

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

Plný text v Digitální knihovně

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"
}