Detail publikace

Corporate Sustainability Measurement and Assessment of Czech Manufacturing Companies using a Composite Indicator

KOCMANOVÁ, A. PAVLÁKOVÁ DOČEKALOVÁ, M. SIMANAVIČIENÉ, Ž.

Originální název

Corporate Sustainability Measurement and Assessment of Czech Manufacturing Companies using a Composite Indicator

Typ

článek v časopise ve Web of Science, Jimp

Jazyk

angličtina

Originální abstrakt

This paper discusses the measurement and assessment of corporate sustainability by a composite indicator. The aim of the paper is a construction of a composite indicator "Index corporate sustainability” (ICS). A tool for measuring and assessing corporate sustainability is an appropriately designed model called the “Sustainable Environmental, Social, Governance and Economic Model (SEESG Model)". The composite indicator ICS integrates 5 financial (economic) and 14 non-financial, environmental, social and corporate governance (ESG) performance indicators Iji, which are determined in a stepwise fashion from a basic set of performance indicators using the principal component analysis (PCA) modelling. The composite indicator ICS is one of the possible ways to create a tool for measuring and assessing corporate sustainability that allows for the assessment of companies by a set of financial and non-financial indicators in various areas of their performance, thus enabling a detailed analysis and determination of the impact of various performance areas and factors in complex corporate performance. An important characteristic of the composite indicator is the possibility to easily make comparisons and rankings of companies in a particular sector, and estimate whether they are heading towards sustainability. The use of benchmarking for company-to-company comparisons makes it possible to interpret summary information and to quantify differences in the performance of individual companies using graphic visualization. For this reason, ICS can be offered as a consistent and flexible benchmarking for owners, managers and investors. Using this indicator, they can incorporate sustainability into their decision-making processes, and achieve economic growth and ensure protection of the environment and social values.

Klíčová slova

corporate sustainability; composite indicator; performance indicators; modelling; Sustainable Environmental, Social, Governance and Economic Model; the principal component analysis

Autoři

KOCMANOVÁ, A.; PAVLÁKOVÁ DOČEKALOVÁ, M.; SIMANAVIČIENÉ, Ž.

Vydáno

15. 3. 2017

Nakladatel

Kaunas University of Technology

Místo

Kaunas

ISSN

1392-2785

Periodikum

Engineering Economics

Ročník

28

Číslo

1

Stát

Litevská republika

Strany od

88

Strany do

100

Strany počet

13

BibTex

@article{BUT134251,
  author="Alena {Kocmanová} and Marie {Pavláková Dočekalová} and Žaneta {Simanavičiené}",
  title="Corporate Sustainability Measurement and Assessment of Czech Manufacturing Companies using a Composite Indicator",
  journal="Engineering Economics",
  year="2017",
  volume="28",
  number="1",
  pages="88--100",
  doi="10.5755/j01.ee.28.1.15323",
  issn="1392-2785"
}