Comparison of Sustainable Environmental, Social, and Corporate Governance Value Added Models for Investors Decision Making

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F18%3APU127253" target="_blank" >RIV/00216305:26510/18:PU127253 - isvavai.cz</a>

Výsledek na webu

<a href="http://www.mdpi.com/2071-1050/10/3/649" target="_blank" >http://www.mdpi.com/2071-1050/10/3/649</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3390/su10030649" target="_blank" >10.3390/su10030649</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Comparison of Sustainable Environmental, Social, and Corporate Governance Value Added Models for Investors Decision Making

Popis výsledku v původním jazyce

The Sustainable Value-Added Model is a new approach in value-oriented strategic management that focuses on maximizing the value created by non-financial sustainability indicators. The objective of this paper is to refine the calculation of sustainable added value by incorporating environmental, social, and corporate governance sustainability indicators, assigning weights to the indicators and, by alternative methods, assigning target values to the indicators. Ten alternative models of Sustainable Environmental, Social, and Corporate Governance Value Added were created. The models encompass 11 environmental, social, and corporate governance indicators of sustainability and 2 economic indicators (Earnings before Interest, Taxes, Depreciation and Amortization and Value Added). Indicator values are related to the target values that represent the opportunity costs. The quality of the models was assessed by statistical methods, i.e. the ROC curve, Gini index, and Kolmogorov-Smirnov statistic. The results of these statistics show sufficient quality of all the models proposed. The most accurate model is that with the economic indicator Value Added and target values based on the values of the company with the best economic results.

Název v anglickém jazyce

Comparison of Sustainable Environmental, Social, and Corporate Governance Value Added Models for Investors Decision Making

Popis výsledku anglicky

The Sustainable Value-Added Model is a new approach in value-oriented strategic management that focuses on maximizing the value created by non-financial sustainability indicators. The objective of this paper is to refine the calculation of sustainable added value by incorporating environmental, social, and corporate governance sustainability indicators, assigning weights to the indicators and, by alternative methods, assigning target values to the indicators. Ten alternative models of Sustainable Environmental, Social, and Corporate Governance Value Added were created. The models encompass 11 environmental, social, and corporate governance indicators of sustainability and 2 economic indicators (Earnings before Interest, Taxes, Depreciation and Amortization and Value Added). Indicator values are related to the target values that represent the opportunity costs. The quality of the models was assessed by statistical methods, i.e. the ROC curve, Gini index, and Kolmogorov-Smirnov statistic. The results of these statistics show sufficient quality of all the models proposed. The most accurate model is that with the economic indicator Value Added and target values based on the values of the company with the best economic results.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50704 - Environmental sciences (social aspects)

Projekt

<a href="/cs/project/GA17-23448S" target="_blank" >GA17-23448S: Modelování a simulace udržitelného investování pro podporu rozhodování</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Sustainability

ISSN

2071-1050

e-ISSN

—

Svazek periodika

10

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

CH - Švýcarská konfederace

Počet stran výsledku

13

Strana od-do

1-13

Kód UT WoS článku

000428567100076

EID výsledku v databázi Scopus

2-s2.0-85042697037