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PAVLÁKOVÁ DOČEKALOVÁ, M. KOCMANOVÁ, A. MELUZÍN, T. ŠKAPA, S.
Originální název
Modelling of the relationship between sustainability and shareholder wealth
Typ
článek v časopise ve Web of Science, Jimp
Jazyk
angličtina
Originální abstrakt
A structural model for the verification of the causal relationship between sustainability and economic value added is presented in this paper. The study has shown that there is no definite and unique relationship between corporate sustainability and economic value. Based on the results of the structural modelling, sustainable value model ESGVA is methodologically improved. The model expresses all four dimensions of corporate sustainability: environmental, social, corporate governance and economic. The case study demonstrates how different the results are if a purely economic concept of company value is used compared to value that takes into account environmental, social and corporate governance factors. The model is applicable to comparative analysis of socially responsible investments. Sustainable value provides extra information on corporate performance and can be used for decision-making of individual investors.
Klíčová slova
economic value added; sustainability; environmental; social; corporate governance factors; sustainable value
Autoři
PAVLÁKOVÁ DOČEKALOVÁ, M.; KOCMANOVÁ, A.; MELUZÍN, T.; ŠKAPA, S.
Vydáno
20. 6. 2022
Nakladatel
Vilnius Gediminas Technical University
Místo
VILNIUS
ISSN
2029-4913
Periodikum
Technological and Economic Development of Economy
Ročník
28
Číslo
3
Stát
Litevská republika
Strany od
854
Strany do
871
Strany počet
18
URL
https://journals.vilniustech.lt/index.php/TEDE/article/view/16480
Plný text v Digitální knihovně
http://hdl.handle.net/11012/208119
BibTex
@article{BUT178368, author="Marie {Pavláková Dočekalová} and Alena {Kocmanová} and Tomáš {Meluzín} and Stanislav {Škapa}", title="Modelling of the relationship between sustainability and shareholder wealth", journal="Technological and Economic Development of Economy", year="2022", volume="28", number="3", pages="854--871", doi="10.3846/tede.2022.16480", issn="2029-4913", url="https://journals.vilniustech.lt/index.php/TEDE/article/view/16480" }