Modelling of the relationship between sustainability and shareholder wealth
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F22%3APU144902" target="_blank" >RIV/00216305:26510/22:PU144902 - isvavai.cz</a>
Result on the web
<a href="https://journals.vilniustech.lt/index.php/TEDE/article/view/16480" target="_blank" >https://journals.vilniustech.lt/index.php/TEDE/article/view/16480</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3846/tede.2022.16480" target="_blank" >10.3846/tede.2022.16480</a>
Alternative languages
Result language
angličtina
Original language name
Modelling of the relationship between sustainability and shareholder wealth
Original language description
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.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
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)
Others
Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Technological and Economic Development of Economy
ISSN
2029-4913
e-ISSN
2029-4921
Volume of the periodical
28
Issue of the periodical within the volume
3
Country of publishing house
LT - LITHUANIA
Number of pages
18
Pages from-to
854-871
UT code for WoS article
000809169600002
EID of the result in the Scopus database
2-s2.0-85131402872