Detail publikace

Determination of economic indicators in the context of corporate sustainability performance

PAVLÁKOVÁ DOČEKALOVÁ, M. KOCMANOVÁ, A. KOLEŇÁK, J.

Originální název

Determination of economic indicators in the context of corporate sustainability performance

Typ

článek v časopise ve Scopus, Jsc

Jazyk

angličtina

Originální abstrakt

This article is focused on determination of the most significant economic indicators influencing corporate sustainability performance. Corporate sustainability performance is a multidimensional concept based on the original idea of sustainable development, replacing the traditional understanding of corporate performance only as capital appreciation for owners (shareholders). Compared to the original concept of sustainable development which consists of environmental, social and economic performance, the so-called triple-bottom-line, it is broaden to the responsibilities and the impact of Corporate Governance on the corporate performance. The basic set of economic indicators has been constructed from a synthesis of resources developed by international organizations (Global Reporting Initiative, International Federation of Accountants) and research among manufacturing companies in the Czech Republic. The basic set of twenty-five key indicators is divided into seven groups: Costs, Investments, Economic Results, Asset & financial resources utilization, Suppliers reliability, Penalties and R&D expenses. Basic set of indicators was presented to 23 top-managers who quantified the potential effect of each indicator to the success and sustainability of their companies. Through the methods of descriptive statistics knowledge of the particularities of each indicator was obtained. Correlation analysis and factor analysis were applied in order to eliminate information duplicity and dimensionality reduction. The result is a reduction in the number of economic indicators, so that the loss of information on the influence of the original indicators on the corporate sustainability is minimized. Corporate sustainability indicators are a tool for measuring and managing progress towards sustainability goals and environmental, social and economic impacts.

Klíčová slova

economic indicators; corporate sustainability performance; factor analysis; Czech Republic

Autoři

PAVLÁKOVÁ DOČEKALOVÁ, M.; KOCMANOVÁ, A.; KOLEŇÁK, J.

Rok RIV

2015

Vydáno

31. 3. 2015

Nakladatel

Vilnius Gediminas Technical University

ISSN

1648-0627

Periodikum

Business: Theory and Practice

Ročník

16

Číslo

1

Stát

Litevská republika

Strany od

15

Strany do

24

Strany počet

10

URL

https://journals.vgtu.lt/index.php/BTP/article/view/8296

Plný text v Digitální knihovně

http://hdl.handle.net/11012/201394

BibTex

@article{BUT114005,
  author="Marie {Pavláková Dočekalová} and Alena {Kocmanová} and Jiří {Koleňák}",
  title="Determination of economic indicators in the context of corporate sustainability performance",
  journal="Business: Theory and Practice",
  year="2015",
  volume="16",
  number="1",
  pages="15--24",
  doi="10.3846/btp.2015.450",
  issn="1648-0627",
  url="https://journals.vgtu.lt/index.php/BTP/article/view/8296"
}