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

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dc.contributor.authorPavláková Dočekalová, Mariecs
dc.contributor.authorKocmanová, Alenacs
dc.coverage.issue3cs
dc.coverage.volume10cs
dc.date.issued2018-02-28cs
dc.description.abstractThe 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.en
dc.formattextcs
dc.format.extent1-13cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationSustainability. 2018, vol. 10, issue 3, p. 1-13.en
dc.identifier.doi10.3390/su10030649cs
dc.identifier.issn2071-1050cs
dc.identifier.orcid0000-0003-4628-5075cs
dc.identifier.orcid0000-0002-9518-1179cs
dc.identifier.other146215cs
dc.identifier.urihttp://hdl.handle.net/11012/70922
dc.language.isoencs
dc.publisherMDPIcs
dc.relation.ispartofSustainabilitycs
dc.relation.urihttp://www.mdpi.com/2071-1050/10/3/649cs
dc.rightsCreative Commons Attribution 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/2071-1050/cs
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/cs
dc.subjectcorporate sustainabilityen
dc.subjectsustainable value addeden
dc.subjectESG indicatorsen
dc.subjectnon-financial indicatorsen
dc.subjectbenchmarkingen
dc.subjectData Envelopment Analysisen
dc.titleComparison of Sustainable Environmental, Social, and Corporate Governance Value Added Models for Investors Decision Makingen
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-146215en
sync.item.dbtypeVAVen
sync.item.insts2025.02.03 15:43:13en
sync.item.modts2025.01.17 15:37:07en
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Ústav ekonomikycs
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