Modelling of the relationship between sustainability and shareholder wealth

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dc.contributor.authorPavláková Dočekalová, Mariecs
dc.contributor.authorKocmanová, Alenacs
dc.contributor.authorMeluzín, Tomášcs
dc.contributor.authorŠkapa, Stanislavcs
dc.coverage.issue3cs
dc.coverage.volume28cs
dc.date.accessioned2022-06-30T06:52:14Z
dc.date.available2022-06-30T06:52:14Z
dc.date.issued2022-06-20cs
dc.description.abstractA 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.en
dc.formattextcs
dc.format.extent854-871cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationTechnological and Economic Development of Economy. 2022, vol. 28, issue 3, p. 854-871.en
dc.identifier.doi10.3846/tede.2022.16480cs
dc.identifier.issn2029-4913cs
dc.identifier.other178368cs
dc.identifier.urihttp://hdl.handle.net/11012/208119
dc.language.isoencs
dc.publisherVilnius Gediminas Technical Universitycs
dc.relation.ispartofTechnological and Economic Development of Economycs
dc.relation.urihttps://journals.vilniustech.lt/index.php/TEDE/article/view/16480cs
dc.rightsCreative Commons Attribution 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/2029-4913/cs
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/cs
dc.subjecteconomic value addeden
dc.subjectsustainabilityen
dc.subjectenvironmentalen
dc.subjectsocialen
dc.subjectcorporate governance factorsen
dc.subjectsustainable valueen
dc.titleModelling of the relationship between sustainability and shareholder wealthen
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-178368en
sync.item.dbtypeVAVen
sync.item.insts2023.02.03 16:53:09en
sync.item.modts2023.02.03 16:14:40en
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Ústav ekonomikycs
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