Sustainable Investing Model for Decision Makers (Based On Research of Manufacturing Industry in the Czech Republic)

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dc.contributor.authorKocmanová, Alenacs
dc.contributor.authorPavláková Dočekalová, Mariecs
dc.contributor.authorMeluzín, Tomášcs
dc.contributor.authorŠkapa, Stanislavcs
dc.coverage.issue20cs
dc.coverage.volume12cs
dc.date.issued2020-10-10cs
dc.description.abstractSustainable investing is an investment approach in line with the values of sustainable development and compliance with environmental, social, and corporate governance (ESG) criteria. The aim of the article is to propose a sustainable investing model (SIM) to support the decision-making of responsible individual investors. The proposed model aggregates economic indicators of investment decision-making, positive and negative ESG criteria, the market value of the stock, a systematic and unsystematic risk (expressed by the capital asset pricing model (CAPM)), thus widening the investment triangle by another peak—and that is sustainability. The research methodology is based on four key areas (environmental, social, corporate governance, and economic) associated with sustainable investments, stock market value, and risk. The research methodology of structural equation models is applied for the construction of the SIM. Mathematical equations are used to apply the SIM, which expresses values, the so-called factor scores. For the classification of sustainable investments, a classification scale is created that divides investments into three groups: above-average, average, and below-average. The SIM comprehensively evaluates individual ESG criteria and economic areas of sustainable investments, thus assisting the investor in deciding on sustainable investments of Czech joint-stock companies in the manufacturing industry, including benchmarking with other sustainable investments.en
dc.formattextcs
dc.format.extent1-28cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationSustainability. 2020, vol. 12, issue 20, p. 1-28.en
dc.identifier.doi10.3390/su12208342cs
dc.identifier.issn2071-1050cs
dc.identifier.orcid0000-0002-9518-1179cs
dc.identifier.orcid0000-0003-4628-5075cs
dc.identifier.orcid0000-0001-5238-5166cs
dc.identifier.orcid0000-0002-9681-0061cs
dc.identifier.other165673cs
dc.identifier.urihttp://hdl.handle.net/11012/195590
dc.language.isoencs
dc.publisherMDPIcs
dc.relation.ispartofSustainabilitycs
dc.relation.urihttps://www.mdpi.com/2071-1050/12/20/8342cs
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.subjectsustainabilityen
dc.subjectsustainable investingen
dc.subjectESG criteriaen
dc.subjectmarket value of the stocken
dc.subjectCAPMen
dc.subjectCzech joint-stock companiesen
dc.subjectstructural equation modellingen
dc.titleSustainable Investing Model for Decision Makers (Based On Research of Manufacturing Industry in the Czech Republic)en
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-165673en
sync.item.dbtypeVAVen
sync.item.insts2025.02.03 15:43:02en
sync.item.modts2025.01.17 16:41:45en
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Ústav ekonomikycs
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