The impact of Environmental and Social performance on the Market Value of Shares of Czech Joint-Stock Corporations

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F18%3APU130393" target="_blank" >RIV/00216305:26510/18:PU130393 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The impact of Environmental and Social performance on the Market Value of Shares of Czech Joint-Stock Corporations
Original language description
The paper analyses the relationship between the social, environmental and economic performance and the firm market value as determined by the market value of shares in manufacturing companies. Empirical research has been verified according to the EU criteria in 87 joint-stock companies in the Czech Republic with more than 250 employees. Data was acquired by empirical research in the Czech Republic, which was completed in 2011-2015. The objective of the paper is to determine, on the basis of established hypotheses, whether the increased social and environmental performance increases the economic performance and the firm market value. Empirical research has shown that social performance has an impact on economic performance as well as on the market value of the share, that is, on the firm market value. Environmental performance has no significant effect on economic performance or on the market value of the share. Research results can provide investors with information that they only appreciate if social and environmental tools introduced into joint-stock companies increase economic performance while increasing the market value of the company.
Czech name
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Czech description
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Project
<a href="/en/project/GA17-23448S" target="_blank" >GA17-23448S: Modelling and simulation of sustainable investment decision-making</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
The 22nd World Multi-Conference on Systemics, Cybernetics and Informatics (WMSCI 2018)
ISBN
978-1-941763-90-2
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
13-18
Publisher name
International Institute of Informatics and Systematics
Place of publication
Orlando, USA
Event location
Orlando, USA
Event date
Jul 8, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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